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3 years ago

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.

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Your parents surprise you with a $500 check. as a result, the u.s. gdp decreases because you have to pay taxes on this income. r

Sidana [21]

I believe that the $500 cheque from your parents has already been counted when it was earned and therefore would neither increase or decrease GDP. GDP is defined basically as a bulk measure of production that is equal to the sum of all gross values of all units involved in production.

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3 years ago

When demand for a product changes because of its price, this product is said to be elastic.

IgorC [24]

Answer:

When PED is greater than one, demand is elastic. This can be interpreted as consumers being very sensitive to changes in price: a 1% increase in price will lead to a drop in quantity demanded of more than 1%. When PED is less than one, demand is inelastic.

so it is true

Explanation:

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3 years ago

Read 2 more answers

Which skills will be most beneficial for computer help desk technician

tester [92]

Here are five of the most advantageous soft skills for IT help desk technicians:<span>Critical Thinking. Oftentimes, help desk technicians have flow charts or predefined procedures they can follow to resolve known problems. ...Written Communication. ...Active Listening. ...Verbal Communication. ...Conflict Resolution.</span>

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3 years ago

Kyle and Alyssa paid $1,000 and $4,000 in qualifying expenses for their two daughters Jane and Jill, respectively, to attend the

denis-greek [22]

Answer: $3,500

Explanation:

The American Opportunity Tax Credit is a credit offered by the IRS for educational expenses paid on qualified students in their first 4 years of tertiary education.

The credit offered stands at a 100% of the first $2,000 paid per student. Afterwards this drops to 25% for the next $2,000.

To be able to claim the full credit however, some income conditions must be met. The most relevant to this question is that your Modified Adjusted Gross Income (MAGI) should be $80,000 or less if filing singularly or $160,000 or less if jointly signing as a married couple.

That means that Kyle and Alyssa qualified for 100% of this credit.

They get to claim $1,000 on Jane.

For Jill they get to claim the first $2,000 and then 25% of the next $2,000,

= 25% * 2,000

= $500

= 500 + 2,000

= $2,500

They get to claim $2,500 on Jill.

Total of $3,500 for both Jane and Jill.

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3 years ago

Which of the following ratios use de-levered net income?

ivann1987 [24]

Answer:

c. Return on Assets

Explanation:

The net income usually has an impact of interest expense since interest expense is deducted from earnings before interest and tax in arriving at net income.

Hence, in order to take out the impact interest expense when computing return on assets, an adjusted net income known as de-levered net income is computed using the below formula:

Net Income + (1-t)xInterestExpense

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3 years ago