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anzhelika [568]
3 years ago
13

Max's demand for hot dogs falls as his income rises, then for Max hot dogs are a. a bad good. b. a normal good. c. a neutral goo

d. d. an inferior good. e. a preferential good.
Business
1 answer:
kotykmax [81]3 years ago
5 0

         The reduction in Max's demand for hot dogs as his income rises shows that Max's hot dogs are an inferior good.

<h3>What is an inferior good?</h3>

An inferior good is a concept used in economics to describe a product whose demand falls as people's earnings increase. As salaries and the economy improve, people begin to replace these things with more expensive alternatives.

  • The demand for an inferior good usually falls as consumer income grows, as opposed to normal goods, which experience the reverse. 

Therefore, we can conclude that the reduction in Max's demand for hot dogs as his income rises shows that Max's hot dogs are an inferior good.


Learn more about inferior goods here:
brainly.com/question/6039968

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<h3>How much did the company spend on advertising?</h3>

The amount spent can be calculated as:

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7 0
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Lady_Fox [76]

Answer:

Explanation:                                              Dr                      Cr

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2)Allowance for doubtful account

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Bad debt expense                                 146,852.10

3)Allowance for doubtful account

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7 0
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At the end of the systems implementation phase, the final report to management should include ____.
Nataly_w [17]
As far as I remember, at the end of the systems implementation phase, the final report to management should include these elements:

1. <span>a comparison of actual costs and schedules to the original estimates;

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3 0
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Answer:

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