Answer: The income effect
Explanation: The income effect refers to the effect on the purchasing power of the consumer when his or her income level changes.
In the given case, Natalie was price conscious and used to buy lower priced goods with the objective of saving money. When her income rises she starts buying expensive goods as her purchasing power increases with increase in income.
Hence from the above we can conclude that the correct option is A.
Add the first four numbers than u will need to know what increased means it means u either add or subtract $150 and than u find your answer
A country's economy will go on a decline if there is a hyperinflation in the petrol prices.
<h3>What is hyperinflation?</h3>
Extreme increase in prices in a very short span of time is regarded as the condition of hyperinflation. If there is hyperinflation in the petrol prices, its demand will be lowered and people will look for substitutes.
Thus, increase or hyperinflation in the petrol prices will lead to declining of a country's economy and will not serve as a wise decision.
Learn more about hyperinflation here:
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Answer:
both b and c
Explanation:
A Petty Cash Fund is a convenient way of paying for small transactions. It is mostly applied when making payment using other methods is unreasonable. The money spent should be replenished at least once to take the Petty Cash Fund back to its approved balance. Replenishment is also done when the dollar balance goes below a set level. Replenishing allows the petty cash fund to operate as intended.
