Answer:
The income effect and substitution effect work in opposite directions and income effect is dominant.
Explanation:
In case of a normal good, both the income effect as well as substitution effect work in the same direction. A fall in the price of a product will increase the purchasing power of the consumer so its quantity demanded will increase.
The consumers will also prefer the cheaper good so the substitution effect will cause the quantity demanded to increase.
In case of an inferior good, however, income elasticity is negative. The income effect and substitution effect work in opposite directions.
A price decrease in the case of an inferior good will increase the real income and purchasing power of the consumer. This will cause the quantity demanded of the inferior good to decline as the consumer will prefer a substitute normal good.
The Answer Is In Fact "Liquefaction".
Hope I Helped :)
The answer to the question above is this: <span>they spent their days lying on their backs in cribs. Wayne Dennis has studied infants in Iranian orphanages. The infants in these orphanages were more on left lying on their backs on their cribs and this results in the delay of their physical development such as walking and other physical activities. This made the children in the orphanages walk at the age of 3 to 4 instead of 1 year old or earlier.</span>
Answer:
Direct labor
Explanation:
Direct labor is the workers who converted the raw material into a finished product so that the finished product is ready for sale. The wages paid to the labor are classified in the direct labor itself.
It is specially allocated to the manufacturing process so that the product could be carried forward to the next level of the process and at the end the finished product is ready
Answer:
E : the market is very small and limited
Explanation:
The statement that the market is very small and limited is not a difference between business markets and consumer markets as the real difference is :
Business market larger in size :
If we talk from a Marketing Perspective point of view it Innovates through technological push and fanatics-breakthroughs which result in a rapid increase in the number of customers in the market and as the size of the market becomes larger.
