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aliina [53]
3 years ago
15

A good for which an inverse relationship exists between the demand for the good and income is a(n) good. Do you know the answer

I know​
Business
1 answer:
sineoko [7]3 years ago
6 0

Answer:

Inferior.

Explanation:

A price elasticity of demand can be defined as a measure of the responsiveness of the quantity of a product demanded with respect to a change in price of the product, all things being equal.

Mathematically, the price elasticity of demand is given by the formula;

Price \; elasticity \; of \; demand = \frac {Percentage \; change \; in \; price}{Percentage \; change \; in \; demand}

A good for which an inverse relationship exists between the demand for the good and income is an inferior good.

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The trial balance of Sheridan Company at the end of its fiscal year, August 31, 2017, includes these accounts:
Natalija [7]

Answer:

The answer is $229,200

Explanation:

Cost of sales equals:

Beginning inventory plus purchases minus ending inventory.

Beginning inventory is $23,570

Purchases(net Purchase) is

Purchases $224,020

Add: Freight-In. $9,770

Minus: Purchase Returns. and Allowances. ($5,460)

Net Purchase:. $228,330

ending inventory is $22,700.

Therefore, cost of goods sold is:

$23,570 + $228,330 - $22,700

=$229,200

6 0
3 years ago
Chun Hei is carrying out a marketing research study. Even after seeking all reasonable available secondary data sources, she has
stepan [7]

Answer:

Primary data

Explanation:

Since the available secondary data are not sufficient for the marketing research study, Chun Hei must collect primary data.

Primary data unlike secondary data are data that were not in existence beforehand. Such a data can not be found in any journals, books, websites or data sites. To get primary data a researcher has to go into the field and they can collect these data through questionnaires, surveys or interviews. Chun Hei will get the information she needs from first hand sources.

5 0
4 years ago
In Exhibit 4-7, a 100 unit decrease in quantity demanded at every price level would cause the new equilibrium price to become:
olga_2 [115]

If there was a 100 units decrease at every price level, the new equilibrium price would be<u> $2.00.</u>

<h3>Equilibrium Price </h3>
  • Price where quantity demanded is equal to quantity supplied.

<h3>What is the New Equilibrium price?</h3>

Reducing by 100 units, all the quantity demanded units will lead to the following new units:

  • $10 - 100
  • $8 - 140
  • $6 - 270
  • $4 - 290
  • $2 - 310

We can see that at $2, both the demand and supply are at 310 units which makes this the new equilibrium.

Find out more on the equilibrium price at brainly.com/question/14203212.

4 0
2 years ago
3. Which is a chemical change? (2 points)
Gelneren [198K]

Answer:

Splitting water into hydrogen and oxygen

Explanation:

I think this is in the wrong category?

4 0
4 years ago
Stereotyping is placing a person or group of persons into an inflexible, all-encompassing category, whereas _________ is a judgm
anzhelika [568]

Stereotyping is placing a person or group of persons into an inflexible, all-encompassing category, whereas prejudice is a judgment of someone based on an assumption that you already know relevant facts or background information.

4 0
3 years ago
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