Answer: The correct answer is "a. negative, and the good is an inferior good.".
Explanation: Assuming that a 4 percent decrease in income results in a 6 percent increase in the quantity demanded of a good, the income elasticity of demand for the good is negative because the good is an inferior good.
Inferior goods are those material elements that are related to the consumption of people who have lower incomes and who cover their basic needs.
Its income elasticity coefficient is negative. Therefore, when the consumer's income increases, the demand for these goods decreases because the consumer can choose other higher quality products..
A analytical and b interpersonal
Answer:
d. management
Explanation:
Based on the job tasks described within the question it seems that you were recently hired as a management accountant. This role focuses on (like mentioned in the question) preparing reports and analyzing as much financial information as possible in order to best inform yourself, so that you can help you make the best and most strategic decisions for the organization. Which seems to by why RLM Inc. has hired you.
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Everyone might not be with you. People might be angry that if you go big you might take over there popularity. As an entrepreneur they needs lots of support and everyone might not be willing to give that support, entrepreneurs always going to have people against them. As an entrepreneur it’s takes lots of time so if you are willing to be one be PATIENT.!
When the price at which the quantity of a product willing to be purchased by customers and the quantity of product willing to be made by a producer are equal, this is known as the equilibrium price. Equilibrium price is the price set by a market in which the amount of products that are supplied is equal to the amount of products that are demanded.
