All categories

3 years ago

Will there always be a demand for inferior goods? how could demand for an inferior good decrease? explain.

1 answer:

8 0

Mainly income is a huge factor here, if income somehow manages to decrease then there will be a demand on inferior goods because people cannot afford superior goods anymore

You might be interested in

6. A zero coupon bond with 2.5 years to maturity has a yield to maturity of 25% per annum. A 3-year maturity annual-pay coupon b

kari74 [83]

Ahaha s we. S s s s s s s s s. S ss

3 0

3 years ago

Develop a realistic example in which you expect positive covariance

AURORKA [14]

Answer:

Composure and time management

Explanation:

these are realistic goals that people can reach and will have a positive outcome (do you mind following)

3 0

3 years ago

What is the distinction between cross-sectional data and time-series data?

AleksAgata [21]

Answer:

B. Cross-sectional data provides information about economic behavior at an instant in time, while time-series data provides information about how an economic variable behaves over time.

Explanation:

There are two types of data, transverse data and time series data. Cross-sectional data is data that exists at a single point in time. For example, data from an observational survey or sales from a firm. Time series data are data that require intertemporal analysis, such as a country's inflation and GDP data, which should be analyzed for evolution. In other words, time series data are analyzed in a manner dependent on the previous period. Current month's inflation depends on the previous month's inflation analysis.

4 0

3 years ago

according to liquidity preference theory, a decrease in money demand for some reason other than a change in the price level caus

inna [77]

According to liquidity preference theory, a drop-off in money demand for some ground other than a change in the price degree causes The interest rate to go down, so the aggregate demand shifts.

<h3>What is aggregate demand?</h3>

The total amount of goods and services produced in an economy is the measurement of the aggregate demand.

The aggregate demand is shown as the total amount of money is exchanged at the particular price level and point in time.

Thus, The interest rate to go down,

For more details about aggregate demand, click here:

brainly.com/question/13000505

#SPJ4

8 0

2 years ago

Oriole Company was formed on December 1, 2019. The following information is available from Oriole's inventory record for Product

Leokris [45]

Answer:

FIFO Ending Inventory $ 64900

Explanation:

Oriole Company

Date Particulars Units Unit Cost Total Cost

January 1, (beginning inventory) 2,000 $15 30,000

January 5, Purchases: 2,500 $17 42500

January 25, Purchases: 2,200 $18 39600

February 16, Purchases: 1,100 $19 20900

<u>March 15, Purchases: 2,200 $20 44000</u>

<u>Total 10,000 $ 177000 </u>

A physical inventory on March 31, 2020, shows 3,300 units on hand.

FIFO means first in first out. It is a method of calculating inventory items. In it the first items purchased are sold out first. Following this rulethe ending inventory FIFO can be calculated by moving backwards from March 15 purchases as follows.

FIFO Ending Inventory $ 64900

March 15 Purchases 2,200 units at $20=$ 44000

February 16,Purchases units 1,100 at $19 =$20900

6 0

3 years ago