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2 years ago

The consumption function will shift down if:

Business

1 answer:

andrezito [222]2 years ago

8 0

Answer:

The correct answer is option d.

Explanation:

The consumption function shows the relationship between income level and consumption. It includes autonomous consumption that does not depends on the income level, marginal propensity to consume, and income level.

The consumption function shifts because of a change in the expectations of the consumers. If consumers expect the minimum wage to decrease in future, the consumption function will shift downwards.

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If the price elasticity of demand for a product is 2. 5, then a price cut from $2. 00 to $1. 60 will:_______

hoa [83]

Increase the quantity demanded by about 25 percent.

<h3>What is the short definition of price elasticity?</h3>

Price elasticity in business and economics refers to how much people, consumers, or producers alter their demand or the quantity supplied in reaction to changes in price or income.
It is mostly used to evaluate how consumer demand has changed as a result of a price change for a good or service.

<h3>What are some examples of price elasticity of demand?</h3>

When a price increase results in a greater percentage reduction in demand, we say a good is price elastic.
For instance, if price increases 20% and demand declines 50%, the PED equals -2.5. One illustration is Heinz soup. Heinz soup options are plenty today.

learn more about price elasticity of demand here

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1 year ago

A travel agent wants to determine how much the average client is willing to pay for a weekend at an all-expense paid resort. The

-Dominant- [34]

Answer:

$n=(\frac{1.960(840)}{150})^2 =120.47 \approx 121$

So the answer for this case would be n=12 rounded up to the next integer

Explanation:

$\bar X=2500$ represent the sample mean

$\mu$ population mean (variable of interest)

s=840 represent the sample standard deviation

n represent the sample size

The margin of error is given by this formula:

$ME=z_{\alpha/2}\frac{\sigma}{\sqrt{n}}$ (a)

And on this case we have that ME =150 and we are interested in order to find the value of n, if we solve n from equation (a) we got:

$n=(\frac{z_{\alpha/2} \sigma}{ME})^2$ (b)

The critical value for 95% of confidence interval, the significance level if 5% and the critical value would be $z_{\alpha/2}=1.960$ , replacing into formula (b) we got:

$n=(\frac{1.960(840)}{150})^2 =120.47 \approx 121$

So the answer for this case would be n=12 rounded up to the next integer

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2 years ago

What factors made your business Logo Design effective?

forsale [732]

I used fine lines and details mark me brainliest

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2 years ago

Mr. Slake sold 1,580 shares of publicly traded DDL stock (tax basis $49,240) for $40,000 cash on February 13. He paid $43,000 ca

Sav [38]

Answer:

$9,240 loss recognized

$43,000 basis

Explanation:

Tax basis of share purchase is the cost of share together with any tax related to this purchase.

Mr. Slake's loss recognized on the February 13 sale is $9,240 = total cost of 1,580 share purchased in the past - total amount collected from sales of these share = $49,240 - $40,000 = $9,240

His tax basis in purchase of 1,600 shares on Mar 2 is $43,000, the total cost he paid to acquire 1,600 shares

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2 years ago

Laney is a resident of Maine. Delacorte is a Canadian. They dispute the ownership of Petite Isle, an island in North Rapids Rive

Norma-Jean [14]

Answer:

a. federal jurisdiction

Explanation:

According to my research on different case jurisdictions, I can say that based on the information provided within the question the diversity of the parties’ citizenship could serve as a basis for federal jurisdiction. This can be said because the federal jurisdiction is handled by federal courts which usually handle cases in which the United States of America is one of the parties involved in the case, like in this situation.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

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2 years ago