In case of normal goods, demand curve shows a) Negative slopes b) positive slopes c) Zero slopes d) none of these

Business

1 answer:

ExtremeBDS [4]3 years ago

3 0

Answer:

a. Negative slopes

Explanation:

A negative slopes indicate that there exist a negative relationship between price and quantity demanded of a particular good. This means that when price falls, more units of goods will be purchased by the consumer and vice versa.

A normal good is a type of good whose demand increases as a result of increase in consumer's income. In other words, the higher the income, the higher the quantity demanded of such good by the consumer and vice versa.

It follows that when there is an increase in wage or income of a consumer , more goods will be purchased by them except if there is an increase in the price of such good . When there is price increase for such good, consumer will switch to a substitute good.

You might be interested in

How did the invention of money as a medium of exchange affect the barter system?

sergiy2304 [10]

The barter system is a form of trading in which goods are exchanged directly for other goods without the use of money or as an intermediary, without a medium of exchange. The invention of money supplemented the barter system by providing a nonperishable medium of exchange.

4 0

3 years ago

Electronic communication:_____.

otez555 [7]

E. You can send a presentation via email instead of having to fly to a customer.

5 0

3 years ago

Emily, while driving a car manufactured by Toyosan, suffered a side impact collision from another driver. Despite the fact that

solong [7]

Answer:

Toyosan's air bag was defective because it did not meet the expectations of a reasonable consumer.

Explanation:

Since the airbag was not as effective as it was expected by the customers, a suit against the car manufacturers from product liability may see the court conclude that the air bag was defective since it did not meet the expectations of a reasonable consumer which would have been protecting her head from hitting the steering wheel which still occured even tho the air bag was deployed.

7 0

3 years ago

Read 2 more answers

The death of a promisor in a personal services contract discharges an agreement. However, if a promisor dies, other types of con

IRINA_888 [86]

Answer:

The interpretation of the discussion is characterized throughout the interpretation section elsewhere here.

Explanation:

The reinstatement including its service agreement shall be signed throughout the event of termination of each of the wings of the party in such a way that perhaps the replacement does not instantaneously embrace plausible transformations depending on the temperature acknowledged either by promiser.
Unless the particular responsibilities set out during this Agreement aren't adequately accomplished as well as throughout the lack of mention including its new contractual obligations.
The same would be true whether it is approximately necessary to manage the service agreement when the world collapses. After that, Suo-moto seems to be the cancelation including its service agreement. It would have the natural world of consciousness of leases. Because if the real estate of the dead person is expected to take responsibility again for contractual agreement through by the dearly departed.

5 0

2 years ago

17. Which activities are associated with the acquisition and disposal of long-term assets (for example the purchase of equipment

valina [46]

Answer:

B) Investing Activities

Explanation:

Investing activities deal with cash transactions involving movement of items of Property, Plant and Equipment. These transactions include purchase costs and sale proceeds of assets.

8 0

3 years ago