Answer:
. A good whose demand decreases when income decreases
Explanation:
A normal good is a product whose demand increases as consumers' income increases. The demand may also increase as economic conditions in the country improve. Similarly, when income decrease, the demand also declines.
As people income increase, the purchasing power increase. They prefer more costly goods than give them more satisfaction. Increased income tends to make consumers abandon goods that offer less utility. Normal goods tend to be associated with customers in high-income.
100 meters =1 kilometers How many meters in 2 kilometes meters =2 kilometes
Answer:
the deduction of the qualified business income is $20,000
Explanation:
The computation of the qualified business income is shown below:
= Qualified business income × deduction percentage
= $100,000 × 20%
= $20,000
The deduction percentage should be allowed 20% of the qualified business income and the same is to be applied
Hence, the deduction of the qualified business income is $20,000
Answer: cross price elasticity of demand
Explanation:
The cross price elasticity of demand measures the changes in quantity demanded of one good when the price of another good changes.
Substitute goods are goods that can be used instead of another good e.g. coke and pepsi. The cross price elasticity for substitutes is usually positive because an increase in price of one good increases the quantity demanded of the other good.
Complementary goods are goods that have to be consumed or used together. E.g. car and gas. The cross price elasticity for complementary goods are usually negative because an incease in price of one good leads to fall in the quantity demanded of the other good.
I hope my answer helps you
Answer:
$9,435
Explanation:
If 100% of $10,000 face value gives the bond for $9,250
Then for 2% rise, that is, 102% of the bond will purchase = 102 X $9.250/100 = $9,435
∴ The approximate price of bond purchased = $9,435
