All categories

4 years ago

What effect does a rise in income have on demand?

Business

2 answers:

stira [4]4 years ago

7 0

Answer:

The correct answer would be option A, Increases demand for normal goods.

Explanation:

With the increase in the level of income of people in an economy, the demand of the normal goods also increases. Normal goods are the products or services whose demand increases with the increase in the level of income of the people in that economy. Normal goods can be Pasta, wheat, Rice, etc whose demand increases due to the increase in the income levels of people, because may be their need of such products were high but due to their lower income levels, they restricted themselves to a fixed portion of such goods and now with the increase in the income level, they would buy such foods more which would increase the demand of normal goods.

Agata [3.3K]4 years ago

3 0

I am pretty sure that it’s increased prices on goods

You might be interested in

An awareness that there is a connection between losing your job and the high unemployment rate where you live is an example of a

Hatshy [7]

Answer:D. the sociological imagination

Explanation: Sociological imagination was Stated by Wright Mills in 1959, it is a kind of imagination where an individual starts to connect the present reality to the possible alternative available while making a decision. It is connected to the kind of image people have about making career moves or change of career paths. Sociological imagination helps an individual to start to see things in a new point of view away from the old or regular ways through which we have seen them.

6 0

4 years ago

Read 2 more answers

With respect to delaying revenue recognition until completion of a long-term contract, it is the case that: Multiple Choice A) E

hichkok12 [17]

<h2>Estimated losses on the overall contract are recognized before the contract is completed. </h2>

Explanation:

Revenue recognition cannot be done prior to the completion of contract.

But the asset can be created. Only after the contract gets completed the revenue recognition can be realized.

For a long-term project, the revenue can be recognized based on the percentage of completion.

Revenue recognition keeps financial transactions aligned.

Option A: valid

Option B Invalid, because expenses are also recognized

Option C: This process is acceptable.

Option D: Gains and profits are calculated in this type of method

8 0

4 years ago

Biometrics (retinal scans, fingerprints, and the like) are mainly used for ____ by large security-minded entities such as bankin

Novosadov [1.4K]

Answer:

Authentication

Explanation:

Authentication involves the process of verifying the identity of a device or person. Authentication is necessary in order to allow only the authorized person have access to a place, a device or a thing.

Authentication types includes;

Continuous authentication
Digital authentication
Project authentication

7 0

4 years ago

Bayest Manufacturing Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead

saw5 [17]

Answer: $66, 600

Explanation:

Predetermined overhead rate = Estimated total manufacturing overhead cost ÷ Estimated total amount of the allocation base = $373,040 ÷ 60,800 direct labor-hours = $6.3 per direct labor-hour Overhead over or underapplied Actual MOH = $432,000 Applied MOH = $6.3 x 58000 = $365,400 Underapplied MOH = 432,000-365,400 = $66,60

8 0

3 years ago

Why is it more important to monitor your word choice in a professional environment than in personal communication exchanges?

MariettaO [177]

In a professional environment, you are expected to be formal and act professionally. In personal communication exchanges (depending on the person), you have the freedom to express yourself a bit more informally (e.g. using slang, perhaps even profanity, etc.). If you had spoken in an informal manner in a professional environment, you may come across as unprofessional, perhaps even rude, impolite and inconsiderate. This could possibly put your job at stake in certain cases, and may even get you fired.

6 0

4 years ago