Which of the following statements are true? Multiple select question. An increase in consumers' income would decrease the demand for a normal good. A decrease in consumers' income would decrease the demand for an inferior good. An increase in the price of a normal good would decrease the quantity demanded of the good. A decrease in consumers' income would decrease the demand for a normal good.

Answers

Answer 1

Answer:

A decrease in consumers income would decrease the demand for a normal good.

An increase in the price of a normal good would decrease the quantity demanded of the good.

Answer 2

An increase in consumers' income would decrease the demand for a normal good, and An increase in the price of a normal good would decrease the quantity demanded of the good, are correct statement. Hence, option A and C are correct.

What is  consumers' income?

After-tax consumer income is the amount that can be deducted. It can also be defined as an increase in wealth, most notably as a result of work or investment.

An individual's personal income is the amount of money received. After-tax income is the net income after all applicable taxes have been deducted.

Consumer income levels are important for businesses because they influence how much money people have left over after paying their taxes and living expenses. Income is affected by employment and unemployment rates.

Thus, option A and C are correct.

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Related Questions

how do you start a business successfully

Answers

make sure to stay focused and to always have a positive mindset no matter what

Question Mode Multiple Choice Question Remaining ______ is the key to an organization's success in changing times. Multiple choice question. consistent inflexible flexible stable

Answers

If an organization is to be successful in changing times, the key to this is to remain flexible.

What is the benefit of organization flexibility?

When a company is flexible, it is able to adapt to whatever changing situation that it finds itself in.

This means that in changing times, it adapts such that it remains profitable regardless of the new challenges it faces.

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The following information has been taken from the perpetual inventory system of Elite Mfg Co. for the month ended August 31:Purchases of direct materials $60,000Direct materials used $50,000Direct labor costs assigned to production $25,000Manufacturing overhead costs incurred (and applied) $35,000Balances in inventory August 31 August 1Materials $? $25,000Work in Process $65,000 $47,000Finished Goods $60,000 $43,000The cost of finished goods manufactured in August is:____________A. $147,000B. $92,000C. $57,000D. Some other amount

Answers

Based on the various purchases and costs incurred by Elite Mfg Co., the cost of finished goods in August is B. $92,000.

What is the cost of finished goods?

This can be found as:

= Direct material beginning inventory + Purchase of raw materials - Ending raw materials + Direct labor + Manufacturing overhead + Opening Work in process - Closing WIP

Solving gives:

= 25,000 + 60,000 - 35,000 + 25,000 + 35,000 + 47,000 - 65,000

= $92,000

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Sara has a home-based business and needs to produce professional looking documents. She's willing to pay more money for a high-quality, fast printer that produces sharp text and doesn't use too much ink. Which printer should she choose

Answers

If Sara what printer with quality, fast printer that produces sharp text and doesn't use too much ink she should get it Inkjet printer

What is a printer?

A printer is device used in printing documents, there are different types of printer based on the type of printing to be made.

Therefore,If Sara what printer with quality, fast printer that produces sharp text and doesn't use too much ink she should get it Inkjet printer

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The printer that Sara should choose is a Laser Printer

What is a Laser Printer?

This refers to the type of printer that produces high-quality images and is super quick and uses a minimal amount of ink.

Hence, we can see that based on the fact that Sara wants to buy a new printer for her home-based business, and she wants to produce professional looking documents, she should buy a laser printer.

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Tom, the seller, is helping the buyer with financing. tom will give this mortgage to the buyer, and the money will go toward the down payment. what kind of mortgage is this

Answers

Based on the scenario above, the kind of mortgage that the above situation is is called  Purchase money mortgage.

What Is a Purchase-Money Mortgage?

A purchase-money mortgage is known to be a kind of a mortgage that is said to be issued to the borrower and usually by the seller of a home and it is one that is also part of the purchase transaction.

Note that Based on the scenario above, the kind of mortgage that the above situation is is called  Purchase money mortgage.

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An escrow needs two basic elements to be valid. The first is conditional delivery to escrow of funds and transfer documents. The second is a binding contract between the:

Answers

The second is a binding contract between the buyer and seller. As The first is conditional delivery to escrow of funds and transfer documents.

What is binding contract?

Binding contract is the legal agreement that is enforced between the two parties. In this both the person or as many as the person are in the binding contract has to do their responsibilities, if one can fail in doing the responsibility than others can sue them.

Thus, it is buyer and seller.

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Trade unions claim that by permitting international firms to continually move to nations with relatively lower labor standards, globalization ________ labor's bargaining power and forces overall labor standards ________.

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Trade unions claim that by permitting international firms to continually move to nations with relatively lower labor standards, globalization reduces labor's bargaining power and forces overall labor standards lower.

What is globalization?

Globalization refers to the process of interaction and integration among people, companies, and governments.

Trade unions claim that by permitting international firms to continually move to nations with relatively lower labor standards, globalization reduces labor's bargaining power and forces overall labor standards lower.

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night talking time. Everyone allowed!

Answers

Answer:

if u want talk to me here I am

Thomas, a supervisor at Thorax Inc., realizes that a couple of months from now, he might experience a skilled labor shortage for approximately two weeks due to increased demand for the company's products. Which option would be best for dealing with this labor shortage

Answers

"Thomas, a supervisor at Thorax Inc., realizes that a couple of months from now..." the option that would be best for dealing with this labor shortage is Short-term gain in productivity may be made by encouraging employees to work more hours. This is further explained below.

What are work hours?

Generally, work hours are simply defined as the required or stipulated time for a job.

In conclusion, Throughout 40 to 44 hours per week are the norm in most nations around the globe.

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Among the securities issued by a firm, the after-tax cost of hybrids (bonds with warrants or convertible bonds ) is

Answers

Answer:

yes

Explanation:

yes

Identify the current status items that would be most helpful toward becoming a roofer. check all that apply. i am physically fit and strong. i am good at giving presentations. i took a math class and a shop class in high school. i am good at managing my own time. i took a history class and a literature class in high school. i attended a computer camp last summer to learn how to write computer programs.

Answers

The current status items that would be most helpful to be a roofer are:

I am physically fit and strong Math and shop class.Good at managing my own time.

Who is roofer?

This is known to be a person that helps to make or constructs/repairs roofs for a living.

Note that by having the skills above, one can be a good roofer and the knowledge of math will go a long way.

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Answer:

1 3 4

Explanation:

i got it right

explain the benefits of UIF​

Answers

Answer:

It gives short term relief to workers when they become unemployed or are unable to work because of maternity, adoption, and parental leave or illness. It also provides relief to the dependents of a deceased contributor.

Explanation:

I hope my answer helped u :)

A project has a cost of $65,000 and it's expected cash inflows are $12,000 per year for 9 years and the cost of capital is 10%. What is the project's IRR and MIRR

Answers

Based on the project cost and the expected inflows, the project IRR is 11.57% and the MIRR is 10.75%.

What are the IRR and the MIRR?

You can use a spreadsheet to find the IRR and the MIRR by listing the project cost and expected cashflows, as shown in the attached document.

When you use the IRR function as shown, you will be returned the value of 11.57%.

When the MIRR function is used, include the 10% cost of capital to get a value of 10.75%.

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According to the video, what are the goals of window displays? check all that apply.

to catch the eye

to learn about the customers

to make merchandise look irresistible

o to make salespeople feel glamorous

Answers

Answer:

a and c

Explanation:

Answer:

its a and c

Explanation:

i got it right

I'm not sure how many months I'll be in town. The renting agent says I can leave with 30 days notice."
Rent.
Not rent.

Answers

There is landlord tenant law which dictates the law related to the rented house. Landlord must have to give at least 15 days notice to the tenant for vacating the house.

What is Landlord tenant law and how it works?

It is important to know about the Landlord law before giving or taking the property on rent. There is a rent agreement for the tenant and sometimes lessor also charge some security amount from the lessee.

If a rented property is closed for weeks or months, lessor can ask the lessee to vacate the house but tenant has to still pay the amount for that particular period.

Landlord can ask the tenant to vacate the house and he doesn't have to provide a reason to the tenant for this and tenant have to pay the rent.

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Candace works in the traffic division for the city of boston. she is an organized, pleasant person known for her ability to analyze information and make recommendations about ways to improve traffic flow in the city. she most likely works in health, safety, and environmental management. logistics planning and management services. warehouse and distribution center operations. transportation systems/infrastructure planning.

Answers

Analyzing the information, it is correct to say that Candace probably works in transportation/infrastructure planning.

What is the role of a transportation systems planner?

She is the professional responsible for developing strategies for continuous improvement of issues related to transport, helping to satisfy the needs of users and environmental issues.

Therefore, the transport system planner is responsible for the study and evaluation of projects that encompass the improvement of transport quality.

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Answer:

D.

Explanation:

Edge

How is a 401k different from an individual retirement account (IRA)?

A 401k is a good long-term investment strategy.
A 401k allows people to contribute before taxes.
A 401k is created by an individual who deposits money.
A 401k is created by an employer who may match contributions.

Answers

A 401(k) is a good long-term investment strategy hope it helps

sold goods costing 10000 to mahesh for 8000​

Answers

Answer:

answer is 2000

Explanation:

The goods is worth 10000 while it was sold for a low price as 8000

10000-8000

=2000

People that can influence a consumer’s decision making process are called:

A. Reference groups
B. Influencers
C. Instructors
D. Annoying

Answers

Answer:

B

Explanation:

People that can influence a consumer’s decision making process are called influencers.

Creating an online website what are good ideas to help me brainstorm

Answers

A few ideas for the website are:

An easy-to-update CMSResponsive designHelpful navigationStrong brand identityContact informationSecurity features

Which strategy makes use of your prior knowledge to help you read and understand quickly? A. guessing from context B. previewing C. skimming D. taking notes

Answers

Answer: Its B

Explanation:

Answer:  guessing from context

Explanation:

figuring out somethingyou dont know by how it makes sense based onthings you DO know.

May you help me with this business question I and very struggling

Answers

Answer:

availability of direct deposit

availability of direct deposit

ANSWER ONLY IF YOU KNOW
Monetary policy is used to promote reasonable growth, price stability, and full employment through the use of government spending and either reducing or increasing taxes.

-True
-False

Answers

Answer:
True

Monetary policy is the control of the quantity of money available in an economy and the channels by which new money is supplied

Explain the difference between the terms supply and quantity supplied.

Answers

The difference between the terms supply and quantity supplied is supply includes all the possible market prices and the amount of quantity while quantity supplied deals with one specific market price and amount of quantity.

Halliford Corporation expects to have earnings this coming year of $3.00 per share. Halliford plans to retain all of its earnings for the next two years. For the subsequent two years, the firm will retain 50% of its earnings. It will then retain 20% of its earnings from that point onward. Each year, retained earnings will be invested in new projects with an expected return of 25% per year. Any earnings that are not retained will be paid out as dividends. Assume Halliford's share count remains constant and all earnings growth comes from the investment of retained eamings. If Halliford's equity cost of capital is 10.0%, what price would you estimate for Halliford stock?Complete the steps below using cell references to given data or previous calculations. In some cases, a simple cell reference is all you need. To copy/paste a formula across a row or down a column, an absolute cell reference or a mixed cell reference may be preferred. If a specific Excel function is to be used, the directions will specify the use of that function. Do not type in numerical data into a cell or function. Instead, make a reference to the cell in which the data is found. Make your computations only in the blue cells highlighted below. In all cases, unless otherwise directed, use the earliest appearance of the data in your formulas, usually the Given Data section. Earnings per share $ 3.00 Retention period (years) 2Retention rate (1) 50% Retention rate (2) 20%Expected return 25%Equity cost of capital Year 1 2 3 4 5 6Earnings 25% 25% 12.5% 12.5EPS growth rate (vs. prior year) EPS Dividends Retention rate 100% 100% 50% 50% 20% 20%Dividend payout ratio Dividends Year 5 value of dividends after year 5 Stock price Requirements:1. In cell range D16:116, by using cell references, calculate the earnings per share for years 1:6, respectively (1 pt.). 2. In cell range D19:119, by using cell references, calculate the dividend payout ratios for years 1:6, respectively (1 pt.). 3. In cell range D20:120, by using cell references, calculate the dividends for years 1:6, respectively (1 pt.). 4. In cell D22, by using cell references, calculate the present value in Year 5 of the dividends after year 5 (1 pt.). 5. In cell D23, by using cell references, calculate the price of the stock today(1 pt.). Note: For this particular step, use actual values in your exponents --- do not use cell references in the exponents.

Answers

The price that would be estimated for Halliford stock will be $68.39.

How to calculate the stock price?

Growth rate = Rate of return × Retention rate

Year 1 EPS = $3.00

Growth rate for Year 2 and Year 3 = 25% * 100% = 25%

Growth rate for Year 4 and Year 5 = 25% * 50% = 12.50%

Growth rate for Year 6 onwards per year = 25% * 20% = 5%

In conclusion, the price that would be estimated for Halliford stock will be $68.39. The attachment is provided.

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On January 2, 20X1, Hauser Company issues $2 million face amount, 10-year bonds. Issue costs associated with these bonds are $100,000. How are the issue costs accounted for

Answers

The bonds issue costs of Hauser Company amounting to $100,000 will be debited while recording in the journal entry; whereas, the bonds payable account will be credited.

What is a journal entry?

The systematic recording of accounting transactions in the journal books of a business organization, in a chronological manner, is known as a journal entry.

Hence, the significance of the journal entry is given above.

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If the operations of a firm are similar to its industry, the ______ beta should be used to estimate the firm's cost of equity capital.

Answers

If the operations of a firm are similar to its industry, the industry's  beta should be used to estimate the firm's cost of equity capital.

What is industry beta?

Industry beta  can be use to determine a company or an organization assets risk.

Most company tend to make use of industry beta as it help to determine or estimate  how cost of equity change in relation to the market index.

Therefore the industry's  beta should be used to estimate the firm's cost of equity capital.

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Even though workers in some industries experience economic downsides, it seems inevitable that ________, the increasingly interconnected nature of business around the world, is here to stay.

Answers

It seems inevitable that globalization, the increasingly interconnected nature of business around the world, is here to stay.

What is economic downsides?

Economic downsides occur when their is decrease in economic growth due to some factors.

Some workers may tend to experience economic downside making them to earn low income or wages which  in turn can lead to decrease in the standard of living.

Therefore economic downside seems inevitable because globalization is here to stay.

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What does the word “marginal” mean in economics?

Answers

Answer Marginal refers to the focus on the cost or benefit of the next unit or individual, for example, the cost to produce one more widget or the profit earned by adding one more worker. Companies use marginal analysis as a decision-making tool to help them maximize their potential profits.

A commenced his cloth business on 1st April, 2018 with a capital of ₩30,000. On 31st March 2019, his assets were worth ₩50,000 and liabilities of ₩10,000. Find out his closing capital and profits earned during the year.

[tex] \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: [/tex]
Help me with this question ~​

Answers

Answer:

Profits = ₩10,000

Closing Capital = ₩40,000

Explanation:

Let's note down the given information at first.

Opening capital = ₩30,000Worth of assests after 1 year = ₩50,000Liabilities = ₩10,000

Now,

Profits

= (Worth of assets after 1 year - Liabilities)  - Opening capital

= (₩50,000 - ₩10,000) - ₩30,000

= ₩10,000

Next, let's find the closing capital

= Assets - Liabilities

Assets                ₩50,000

Liabilities              ₩10,000

[tex]\rule{150pt}{1pt}[/tex]

Closing capital      ₩40,000

[tex]\rule{150pt}{2pt}[/tex]

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