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patriot [66]
3 years ago
9

If buyers’ incomes increase, the demand curve will shift to the _____ and the prices will _____.

Business
1 answer:
taurus [48]3 years ago
8 0

Answer:

Demand curve will shift to the right, the prices will increase.

Explanation:

An increase in the income of the consumer of will cause the demand curve of the consumer to shift to the right. This rightward shift in the demand curve will cause the demand curve to intersect the supply curve at a higher point.  

As a result, the equilibrium price level and the equilibrium quantity will increase. A decline in the income, on the other hand, will cause both quantity and price to decline because of a leftward shift in the demand curve.

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When demand is inelastic and price is decreased:
REY [17]

Answer:

The correct answer is letter "C": the effect of the decrease in price on total revenue dominates the effect of the increase in quantity demanded on total revenue; overall total revenue declines.

Explanation:

Goods or services have inelastic demand when changes in prices do not affect their quantity demanded. If prices decrease or increase, the quantity demanded will remain at the same level or the change will be so minimal that it is not perceived. It is said then that <em>the decrease in price dominates the effect of the changes in quantity demanded. </em>

However, <em>if prices decrease and the quantity demanded remains the same, the company's overall revenue will decrease.</em>

6 0
3 years ago
Need help please??????????!!!!!!!!!!!!
iragen [17]

Answer:

1.B

2.D

3.C

Explanation:

those just make the most sense

6 0
3 years ago
Famous Foods is a fast-food chain restaurant famous for its hot coffee (its coffee temperature is a bit higher than that of the
Mekhanik [1.2K]
The total amount of points are 917272829.
5 0
2 years ago
Write about your last week ( over 50 words)​
Ivenika [448]
So last week, my cousin turned 17 on Thursday, June 25th. I know ironic the same day Michael Jackson died. So I go to her house for a little get together with some of her friends. Now I am pretty antisocial and spent the party alone most of the time eating food. Anyways, I also started my Harvard summer classes last week for biology, it’s a lot of work but worth it in the end.
6 0
3 years ago
Read 2 more answers
Percy Corporation was formed on January 1. The corporate charter authorized 100,000 shares of $10 par value common stock. During
dimulka [17.4K]

Answer:

paid in capital in excess of par value = $2000

and There will be a debit to Organisation expenses for $4,700

Explanation:

given data

charter authorized = 100,000 shares

common stock = $10 par value

issued  = 270 shares      

payment = $4,700        

solution

we know here that

Paid up value of the stock = $10 per share

and here shares issue to the attorney satisfying the organisation expenses is 270 shares

so common stock = 270 shares × $10

common stock =  $2700

so paid in capital in excess of par value = $2000

and There will be a debit to Organisation expenses for $4,700

8 0
3 years ago
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