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inna [77]
3 years ago
14

The income of consumers has decreased. You know that canned meat is an inferior good. What will happen to the equilibrium price

and quantity of canned meat
Business
1 answer:
HACTEHA [7]3 years ago
7 0

Answer:

Since canned food is an inferior good, as consumers' income decreases, the demand for canned food will increase.

Explanation:

When consumer income decreases, the aggregate demand curve shifts tot he left. This will decrease the consumption normal goods, especially luxury goods. But it will also increase the consumption of inferior goods, such as canned food, noodles, etc.

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What is khat's theory
nika2105 [10]

Kant's theory is a universal ethical principle and they are typically organized around the notion of a categorical imperative.

<h3>What is Kant's theory?</h3>

Kant's theory of ethics can be defined as a universal ethical principle which states that an individual should respect the humanity in others always, and they should always act in accordance with rules that holds for everyone only.

<h3>What are ethics?</h3>

Ethics can be defined as a set of both written and unwritten principles, values or rules of moral conduct that guides and governs human behaviors. It's a reflection that is typically based on identifying what is good or bad, right or wrong and just or unjust with respect to human behaviors.

Read more on ethics here: brainly.com/question/24277955

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Complete Question?

What is Kant's theory?

5 0
2 years ago
What is significant about Rome's location?
stira [4]
Hello.

The answer is: its on a <span> peninsula.

Its surrended by water so it was easy to trade and it is beside the </span>Tiber and <span>Mediterranean sea. It is also used to get large amounts of lands.

have a nice day</span>
3 0
3 years ago
Read 2 more answers
Yao decides to place a $2,000 deposit at the end of each year into a bond fund that earns 6% annually. Find the amount of the in
Luden [163]

Answer:

$6,414.271

Explanation:

Principal ( Initial deposit) = $2,000

Interest rate = 6% annually = 6/100 = 0.06

Period (Time ) = 20 years.

Number of times it earned (n) = annually (yearly)

Formula to be used =

A = P( 1 + r/n)^nt

A = $2,000( 1 + 0.06/1) ^ 1×20

A = $2,000(1.06) ^20

A = $6,414.271

The total amount on investment in 20 years = $6,414.271

3 0
3 years ago
If the demand for money is $100 billion and the supply of money is $200 billion, then the interest rate will: fall. rise. remain
Alik [6]

Answer:

fall

Explanation:

The situation above can be best explained by using the "Liquidity Preference Theory." According to the theory when money supply increases (as in the situation above), the interest rate falls. So, this means that many people will be more willing to invest, thereby resulting to a higher income. On the contrary, if the money supply decreases, the interest rate rises. This may temporarily increase the employment condition, however, it can lead to inflation in the long-run.

So, this explains the answer.

7 0
3 years ago
The marginal cost of production that is borne by the entire society is called the marginal A. public cost. B. private cost. C. e
ArbitrLikvidat [17]

Answer:

D) social cost

Explanation:

Social costs are the total costs beared by the entire society. Social costs includes all the private production costs plus all the externalities.

Marginal social costs are the marginal costs beared by the entire society, and it includes all the private marginal production costs and the marginal costs of externalities.  

6 0
3 years ago
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