1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
77julia77 [94]
2 years ago
15

The demand for this type of good rises when income falls and falls when

Business
1 answer:
Amiraneli [1.4K]2 years ago
4 0

Answer:

o inferior

Explanation:

The inferior goods shown the inverse relationship between the demand and the income. If the demand of the goods is increased so the income would fall and if the demand of the goods fall so the income would rises

So this represent that the good is an inferior good

Hence, the second option is correct

You might be interested in
We Do Bankruptcies is a law firm that specializes in providing advice to firms in financial distress. It prospers in recessions
joja [24]

Answer:

4%

Explanation:

In this question, we apply the Capital Asset Pricing Model (CAPM) formula which is shown below

Expected rate of return = Risk-free rate of return + Beta × (Market rate of return - Risk-free rate of return)

= 6% - 0.2 × (16% - 6%)

= 6% - 0.2 × 10%

= 6% - 2%

= 4%

The (Market rate of return - Risk-free rate of return)  is also known as market risk premium

8 0
3 years ago
A stock that sold for $22 at the beginning of the year was sell- ing for $24 at the end of the year. If the stock paid a dividen
MrRa [10]

Answer:

11.36%

Explanation:

Given:

Selling cost of the stock at the beginning of the year = $22

Selling cost of the stock at the End of the year = $24

Dividends received = $0.50 per share

Thus,

The actual amount received at the end of the year

= Selling cost of the stock at the End of the year + Dividends received

= $24 + $0.50

= $24.50

thus,

the interest received = $24.50 - $22 = $2.50

therefore, the rate of interest = \frac{\textup{Interest}}{\textup{Initial amount}}\times100

or

the rate of interest = \frac{2.50}{22}\times100

or

the rate of interest = 11.36%

7 0
3 years ago
Omega has a real gdp per capita of $5,000. If it has a constant 6% rate of growth. how many years will it take before omega has
Alla [95]

Nominal GDP is described as GDP that has no longer been adjusted for actual GDP according to capita and is the key statistic used to tune economic increase.

GDP in line with capita is the sum of gross cost brought by using all resident manufacturers within the economy plus any product taxes (fewer subsidies) not blanketed within the valuation of output, divided by means of mid-12 months population. growth is calculated from steady price GDP facts in nearby currency.

As an end result, higher GDP according to capita is frequently associated with superb effects in a wide range of areas along with better fitness, more training, or even more life satisfaction.

GDP per capita is primarily based on purchasing energy parity (PPP). PPP GDP is gross domestic product converted to worldwide dollars using shopping strength parity charges. An international dollar has equal buying power over GDP as the U.S. dollar has in the united states.

Learn more about GDP here: brainly.com/question/1383956

#SPJ4

3 0
1 year ago
Suppose the economy is closed with national saving of $3 trillion, consumption of $10 trillion, and government purchases of $4 t
yanalaym [24]

Answer:

The correct answer is: $17 trillion.

Explanation:

The Gross Domestic Product or GDP represents the overall market value of all the goods and services a country produces and it measures the size of the economy. The GDP is determined with the following formula:

GDP = C +  G + I + NX

where:

  • C: private consumption or consumer spending
  • G: government spending
  • I: businesses' capital spending
  • NX: net exports (exports - imports)

In the example:

GDP = $3 trillion + $10 trillion + $4 trillion = $17 trillion

4 0
3 years ago
Bruce is a part-time student (more than half time) enrolled at a qualified postsecondary educational institution. He files as a
Dmitry_Shevchenko [17]

Answer:

The answer is: $2,250

Explanation:

The American Opportunity Tax Credit (AOTC) is a tax credit available for students that are enrolled at a qualified educational institution. The maximum annual credit is $2,250 per student, and it can be used during the first four years of higher education.

4 0
3 years ago
Other questions:
  • According to Mintzberg, managers averaged ____ written and _____ verbal contacts per day with most of these activities lasting l
    7·1 answer
  • A woman held fee simple title to a vacant lot adjacent to a business. She was persuaded to make the lot available to the busines
    10·1 answer
  • Value-stream mapping_____________.a. is a variation of time-function mapping.b. examines the supply chain to determine where val
    10·1 answer
  • When XYZ firm entered the market for good A two years​ back, it kept the price of its product low to attract customers away from
    8·1 answer
  • Given the market for illegal drugs, when thegovernment is successful in reducing the flow ofdrugs into the United States,
    8·1 answer
  • Which one of the following is not correct? For debt issued at par: interest expense reported on the income statement equals the
    6·1 answer
  • Adonis Corporation issued 10-year, 7% bonds with a par value of $220,000. Interest is paid semiannually. The market rate on the
    11·1 answer
  • Recall that an exchange rate is the price of one currency in another. For example, it may take US $1.35 to buy 1 British Pound.
    8·1 answer
  • Your company has two​ divisions: One division sells software and the other division sells computers through a direct sales​ chan
    6·1 answer
  • with interest rates rising, why do you believe purchasing a home can be one of the most stressful experiences for people? explai
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!