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Tom [10]
2 years ago
7

As a result of a decrease in the price of gasoline, consumers can afford to buy more gasoline for more driving trips. This is an

illustration of
Business
1 answer:
Mandarinka [93]2 years ago
8 0

The actions of the consumers in buying more gasoline when prices drop is the<u> income effect. </u>

<h3>What is the income effect?</h3>
  • It is one of the determinants of demand.
  • When market prices drop or income rises, consumers have more money to buy more goods.

The price of gasoline dropped and this increased the relative income of consumers because they were able to buy more gasoline.

This is therefore the income effect.

Find out more on the income effect at brainly.com/question/1416285.

You might be interested in
Edwards Farm Products was unable to meets its financial obligations and was forced into using legal proceedings to restructure i
AVprozaik [17]

Answer:

D. reorganization 

Explanation:

Reorganization Is when a bankrupt business restructures itself so that it can continue as a viable business. It involves restating the assets and liabilities of the firm.

A merger is when two companies come together to form a single company.

Liquidation is when the assets of a company are distributed to creditors. It marks the end of a business.

A divestiture is when assets or parts of a business is either sold or exchanged.

A repurchase is when the shares of a company are bought back from shareholders by the firm.

I hope my answer helps you.

4 0
3 years ago
Positive externalities exist because ________ benefits are ________ than ________ benefits.a. internal; greater ; external b. in
Dmitriy789 [7]

Answer:

c. Internal benefits are less than external benefits

Explanation:

Lets first understand what  a positive externality is. Positive externality is the effects of an activity that has greater and/or additional benefits to the society as a whole as compared to the benefits enjoyed by the individual responsible for creating such a positive impact. One of the common examples of positive externality is getting education, when we get education that provides us benefits on a personal level but it also helps you reach to a position where you can educate others and/or the society in general. This means that educating yourself not only benefits you but also has a positive influence in the society.

Similarly, if you walk to work every day, this will make you more healthy and will reduce congestion in the city and benefit every body else as well.

3 0
3 years ago
1. led a tax rebellion Columbus 2. commander in chief in Revolution Andrew Jackson 3. financial plan established United States e
gogolik [260]

Answer:

The correct answer are:

1. Daniel Shays; 2. George Washington; 3. Alexander Hamilton; 4. Thomas Jefferson; 5. Columbus; 6. Francis Scott Key; 7. Andrew Jackson; 8. Lewis and Clark.

Explanation:

The American Revolution shook the entire world. The thirteen British colonies that would become the United States of America, fought and won the battle against the most powerful imperial power on the planet. In the years that followed the American victory over the British, the hopes of the masses were betrayed. Consequently, there were many popular movements and uprisings. But none had such a great impact on the psychology of the ruling class and the future structure of the US government as the Shays Rebellion of 1786-87, which some have called "The Final Battle of the American Revolution."

Considered the "Father of the Fatherland," George Washington was a celebrated general, farmer, entrepreneur and the first president of the United States.

Alexander Hamilton was an American politician. He was a young lawyer from New York when the War of Independence broke out in the thirteen British colonies of North America (1775-83). In 1777 he became secretary of George Washington, commander in chief of the insurgent army.

8 0
4 years ago
Ethical Work Climate reflects the ________ of the organization and shapes the ________ of its members.
klio [65]

Answer:

E, true values, ethical decision making

Explanation:

Ethical work climate can be defined as the acceptance or inculcation of the notion of right and wrong within an organization.

In an Ethical Working climate, the true values and the decision making skills of the members of the organization are reflected.

By true values, it means that whatever the company stands for of upholds will be displayed for all to see as well as the ability to make decisions by the members of the organization.

Cheers.

3 0
3 years ago
What is the present value of a cash flow in the amount of $1,000 that occurs today, if the discount rate is 10%
leva [86]

Answer:

the present value is $1,000

Explanation:

The computation of the present value of the cash flow today is as follows:

Given that

Cash Flow, Today = $1,000

Discount Rate = 10%

Based on the above information

Present Value = Cash Flow Today = $1,000

It means that the present value should be equivalent to the cash flow today

hence, the same is to be considered

Therefore the present value is $1,000

3 0
3 years ago
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