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worty [1.4K]
3 years ago
6

A good for which demand increases as income rises is ________, and a good for which demand increases as income falls is ________

.
Business
1 answer:
zimovet [89]3 years ago
3 0

In economics, When income increases and the demand for a good increase, the good is considered a normal good.

However, an inferior good is a good whose demand decreases when consumer income rises (or demand increases when consumer income decreases), unlike normal goods, for which the opposite is observed.

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Economics addresses such issues as
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The answer to the question is D. Economics is all of the above. Economics is a social sciences that illustrate the cycle of goods and services from production, distribution  to consumption. It is a study of behavior of human behavior and human produce valuable commodities.
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Which of the following is excluded from gross income? (Points : 5) Prizes Scholarships for tuition Hobby income Rental income Al
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Im going to say All of the above 
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Which of the following statement is correct?
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C. A typical industrial company's balance sheet lists the firm's assets that will be converted to cash first, and then goes on down to list the firm's longest lived assets last.

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Which of the following refers to a form of protectionism that stipulates a certain proportion of a product must consist of compo
galina1969 [7]

Answer:

D. Local content Rules

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Local content rules/requirements emphasize that a certain proportion of a product be manufactured from locally supplied components as opposed to imported inputs in the host country. The aim of this is to safeguard and promote employment in domestic country, promote the growth of domesatic industries, and facilitate technological advancement in these industries and in the economy as whole.

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Under _____, a company compares some dimension of its performance to that of another firm, be it a competitor or in a totally di
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Under Price discrimination, an organization compares a few dimensions of its performance to that of another company, be it a competitor or in a totally distinctive industry.

Charge discrimination is a promoting method that fees clients one-of-a-kind charges for the same products or services based on what the seller thinks they can get the patron to comply with. In natural price discrimination, the vendor fees every customer the most fee they'll pay.

Charge discrimination refers to charging distinct clients special costs for the same true carrier. The Sherman Antitrust Act, Clayton Antitrust Act, and Robinson-Patman Act outlaw price discrimination while the intent of that discrimination is to harm competitors.

Price discrimination in a monopoly is a practice of charging extraordinary costs for an equal product. Monopolies generally have extra control over providers than ordinary sellers, which means that they can notably impact the providers' promoting prices.

Learn more about Price discrimination here: brainly.com/question/23342760

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