Define normal goods
Normal goods: Normal goods are such goods whose demand increases with the increase in income of consumer.
Can someone please help me in finding out the accurate answer from the following question. The sole proprietorship owned and executed by the lone individual is at a drawback whenever compared to the corporation since it lacks relatively: (i) Flexible legal options reg
A predictable reluctance through modern welfare recipients to trade all they own for the material possessions of a rich person by a much earlier period would be evidence which poverty is: (w) easily solved by income redistribution pro
Financial institutions like banks perform as intermediaries. They lend their savings of depositors to final borrowers, charging more interest to borrowers than they pay to depositors, who are the eventual providers of loans. How does it decrease the <
Transfers to the poor “in-kind” are probably to be favored over cash transfer payments through: (a) people who are skeptical that the poor can manage their income competently. (b) economists concerned with improving effici
Which of the given lists of taxes or taxed goods is possibly in correct order by most backward-shifted to most forward-shifted: (1) Tobacco, property, payroll, general sales. (2) Land, payroll, property, tobacco. (3) Tobacco, payroll,
HoloIMAGine has patented a holographic technology which creates 3-D photography obtainable to consumers. So HoloIMAGine’s: (w) lowest possible average total cost arises at precisely the output where profit is maximized. (x) market supply curve is the same to its
The income elasticity of demand for mass transit of 0.6 signifies that the demand for mass transit: (1) Is a requirement. (2) Is a luxury. (3) Will increase at a slower rate than income. (4) Will drop/fall when personal incomes increases average.
This profit-maximizing firm in illustrated graph will never knowingly generate: (w) where MR is positive. (x) where MR is falling. (y) on the elastic proportion of the demand curve. (z) on the inelastic proportion of the demand curve. Q : Problem on coefficient of income Refer to the following diagrams give the answer of following question. In which case would the coefficient of income elasticity be positive? 1) A 2) B 3) C 4) D Q : Horizontal summation of individual The market demand curves for most of the goods are as: (i) Cross-multiplied products of the individual demand curves. (ii) Insignificant for most of the analytical aims. (iii) The horizontal summation of the individual demand curves. (iv) Irrelevant for business decis
Refer to the following diagrams give the answer of following question. In which case would the coefficient of income elasticity be positive? 1) A 2) B 3) C 4) D Q : Horizontal summation of individual The market demand curves for most of the goods are as: (i) Cross-multiplied products of the individual demand curves. (ii) Insignificant for most of the analytical aims. (iii) The horizontal summation of the individual demand curves. (iv) Irrelevant for business decis
The market demand curves for most of the goods are as: (i) Cross-multiplied products of the individual demand curves. (ii) Insignificant for most of the analytical aims. (iii) The horizontal summation of the individual demand curves. (iv) Irrelevant for business decis
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