For each situation below, state whether it is an example of the income effect changing quantity demanded or an example of a change in income shifting demand.
a. The mean income in Detroit rises and people purchase more homes. _______________
b. The price of frozen pizza decreases, making frozen pizza more popular among college students. ______________
c. A recession forces many people out of work and more people purchase ramen noodles than before. ____________
d. An increase in the price of game consoles decreases sales, as fewer people can afford them. _______________

Answers

Answer 1

The following are examples of the the income effect changing quantity demanded :

The price of frozen pizza decreases, making frozen pizza more popular among college students.An increase in the price of game consoles decreases sales, as fewer people can afford them

The following are examples of a change in income shifting demand:

The mean income in Detroit rises and people purchase more homes.A recession forces many people out of work and more people purchase ramen noodles than before.

The income effect leading to a change in quantity demanded arises when a change in the price of the good changes. Here purchasing power changes yet money income remains constant. The income effect leads to movement among the demand curve for the good.

A change in income that leads to a shift in demand occurs when there is a change in income leading to either an outward or inward shift of the demand curve.

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Related Questions

What role do you think Netflix and social media
played in popularizing Marie Kondo? Do you think
the popularity of the show "Tidying up with Marie
Kondo' is based on Marie Kondo only, or would any
other personality achieve similar results?

Answers

Netflix and social media  played an important role in popularizing Marie Kondo.

Yes, Netflix and social media  played an important role in popularizing Marie Kondo because the program of Marie Kondo is viewed by million of people across the world through the Netflix and social media and people are loving it which increase the popularity of Marie Kondo.

In my opinion the popularity of the show "Tidying up with Marie  Kondo' is based on Marie Kondo only because the people know the method through this program and in my knowledge there is no one that achieve the same result so we can conclude that Netflix and social media  played an important role in popularizing Marie Kondo.

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Parkinson Company (PC) had a beginning balance of $86,000 and an ending balance of $90,000 in itslong-term marketable securities account. During the period the Company paid $10,000 to purchase marketable securities. If the Company reported a gain on the sale of marketable securities of $1,000 the amount of the cash inflow from the sale of securities is

A. $7,000.
B. $6,000.
C. $5,000.
D. None of the answers is correct.

Answers

B I think sorry if wrong :/

Help help businesses please please

Answers

Answer:

C

Explanation:

LRAS would shift left because there would be fewer workers available to produce goods at any given price. however sras is capable of shift left and right.

hope this helps <3

WILL GIVE BRAINLIEST
Refer to Figure 33-2. A decrease in taxes would move the economy from Q to

a) P in the short run and the long run
b) R in the short run and the long run
c) P in the short run and O in the long run
d) R in the short run and Q in the long run

Answers

I think that the answer would be A. I hope you forgive me if I am wrong

A decrease in taxes would move the economy from Q to P in the short run and O in the long run. Thus, option D is correct.

What is an economy?

Economics seems to be the science of how individuals and groups allot limited resource for output, allocation, and consumer. Both micro and macro are really the two subfields of economic. Performance in trade and producing is the main concern of finance.

This graph shows the change that has been taking a long with respect to the change in quantity or the change in price.

The following graph there is shown a change from the long run to short run. As the economy has decreased the amount of taxes. Therefore point Q will be shifted to point P which will be regarded as a short run time period. And in long run, it will be changed to o.

Therefore, option D is the correct option.

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If the reserve requirement is 25%, a new deposit of $1,000 leads to a potential increase in the money supply of

Answers

Based on the information given regarding the reserve requirements, there'll be an increase in the money supply by $4000.

A reserve requirement simply means a regulation by the Central Bank where commercial banks set a minimum amount that must be held in liquid assets.

Since the reserve requirement is 25%, a new deposit of $1,000 leads to a potential will lead to an increase in the money supply of $4000. This was calculated thus:

= $1000 / 25%

= $1000 / 0.25

= $4000

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Intermediaries are businesses involved in selling the goods and services of producers to consumers and other businesses.

b. False
a. True

Answers

Answer:

A.true

am i right

Explanation:

correct me if im wrong

thanks

loveya

True or False: Anything less than a full bottle shouldn't be considered in inventory at all.

Answers

Answer:

false and not true

Explanation:

Anything less than a full bottle should be considered in the inventory. Thus, the given statement is false.

What is inventory par level?

Using the Periodic Automatic Replacement (PAR) inventory control system, you may determine the amount of inventory you need to keep on hand to meet demand. The ideal inventory stock to have on hand following each order delivery is determined by the PAR level.

The usual quantity of an ingredient you anticipate having on your shelves at any given moment is known as an inventory par level. It's straightforward: If you ordered 5 jars of mayonnaise but only have 2, you know you need to get 3 more.

While receiving your inventory, check your system's inventory price again, For bookkeeping, code your invoices. Any outdated prices in your system should be changed, Add the delivered goods to your order history.

Therefore, the given statement is false.

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What trick of trust describes why companies trying to sell you something will often use terms like 'limited edition' or 'limited time deal', or even put countdowns of time left or number of items left on the screen

Answers

The trust trick for making sales using terms like "limited edition" or putting countdowns of time and remaining items for an offer is called the scarcity technique.

Scarcity marketing can be understood as a way to activate psychological triggers to generate purchase desire in consumers through product shortages, as people tend to perceive limited quantities as more valuable.

This strategy to drive sales will be effective if it meets three criteria:

It is usefulIt is transferable between peopleIt has the potential to be possessed

Therefore, companies can gain significant advantages by implementing the scarcity technique, increasing sales and generating greater value for the consumer.

This strategy needs to be used sparingly so as not to create too much pressure on the consumer to make a purchase and not to generate an image of poor inventory management.

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Use the following information of VPI Co. to prepare a statement of cash flows for the year ended December 31 using the indirect method. (Amounts to be deducted should be indicated by a minus sign.)
Gain on sale of machinery $42,400
Cash received from sale of machinery 7,400
Increase in accounts payable 6,400
Net income 10,400
Decrease in accounts receivable $ 2,600
Cash balance at prior year-end Increase in inventory 3,400
Depreciation expense 10,700
Cash received from issuing stock 2,700
Cash paid for dividends 5,400
VPI CO.
Statement of Cash Flows (Indirect Method)
For Current Year Ended December 31
Cash flows from operating activities
Adjustments to reconcile net income to net cash provided by operating activities
Income statement items not affecting cash
Changes in current operating assets and liabilities
Cash flows from investing activities
Cash flows from financing activities

Answers

god help you with this homework

In general, which type of marketing do you think is most effective for events: push or pull marketing? If you were an event marketer, how would you decide how much push and pull marketing to use? Discuss how an event's ability to help us escape from everyday life and worries can be advantageous for marketeif you were an event marketer how would you decide how much push and pull marketing to use ​

Answers

Push marketing strategies in a way force the potential customer to consume by generating a need that previously did not exist through strategies such as great deals or discounts, bombastic advertisements, etc.

In turn, the pull marketing strategies seek to attract customers in a smoother way, that is, by convincing consumers about the essential characteristics of the product through medium and long-term transformations, such as changes in packaging.

Therefore, push strategies serve to generate consumption in the short term, while pull strategies serve to generate consumption in the medium and long term.

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Financial managers: Question 5 options: 1) play such an important organizational role that they often are called operations managers 2) focus on profit maximization 3) are not typically involved in long-term strategic planning 4) are simply a type of bookkeeper 5) are described by none of the above

Answers

It should be noted that financial managers play a vital role in an organization as they E. are described by none of the above.

Financial managers are responsible for the financial health of an organization. It should be noted that they produce financial reports and develop strategies that'll aid the financial growth of the company.

The three major function that's the financial manager plays include investment, dividend, and the financial decisions.

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Help help help businesses please

Answers

Answer:

fiat

Explanation:

suppose you want to change your school and join another one which is very expensive.make a list of the possible risks while joining another school.​

Answers

Answer:

getting bullied being lonely no friends not fitting in

Explanation:

What is the first step in the career exploration process?

Research post-secondary options.

Develop a personal profile.

Complete a job application.

Do career research.

Answers

Answer:

Develop a personal profile.

Explanation

doing the test Rn

TRUST ME DANG IT

The first step in the career exploration process Develops a personal profile. Thus option (B) is correct.

What is exploration?

Exploration is the historical process of finding uncharted territory. Geographers and historians research it. In the course of human history, there have been two main periods of exploration: one of convergence and one of divergence.

It comprises interacting with individuals in various jobs or industries that interest you and enquiring about their work. Additionally, this is the first phase of developing a professional network. Exploration

The first, which encompasses the majority of the history of Homo sapiens, saw people leave Africa, settle in foreign countries, and create unique cultures largely in seclusion.  Early explorers established colonies in Europe and Asia;

Therefore, Option(B) is correct.

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David Davis plans to save $2,735 every year for the next eight years, starting today. At the end of eight years, David will turn 30 years old and plans to use his savings toward the down payment on a house. If his investment in a mutual fund will earn him 12.0 percent annually, how much will he have saved in eight years when he buys his house

Answers

Answer:

Denizen 3 4 and a great job time to for a the first time first aid kit the meaning of ghilli in a row to get the 5 to the 8th and then she says that she 38 the meaning that she should have a pool for her and the rest of her family head is of her own 4 who will not be available for the next one in night and or next at least the next other two nights as she is back at night and she is going out for a couple weeks and a great half birthday day for her birthday present so she can bring 5 500 on the on going 3

Explanation:

2 increase in the National College at Lahore 30th in September and 3rd 3 is a holiday in the UK for a couple week holidays holiday and the bear episode of a year is 4 up with and a in a advance bed booking form and the holiday accommodation for your child needs to be honest I have to read Allah and help you with you are as good as good as you can remember the first one is a bit more of 6 for her but you have a lot of money left for the me in the National capital 2176218754 3 and of 3 episode of my slow recovery and I a few days to 786 my back and the Caribbean world is a good 3 episode and I have been been working with a few people different and to the point of getting back to the office of profit of a sudden he is not working I properly managed made the best possible way of doing this to happen to her room with the help of the year but have to be honest honest and I will be back in the next couple of couple weeks with a couple in a row with a couple of days ago 5 6th June episode of puppeteer the meaning of ghilli in a row for the person in who is was not able 7 8 I a a I bit few couple few few couple few like of of like like of a of like of of a of like of of a of like months days years months days months years months days months years months days years months days months years months years days months years months years months

A movie theater can increase its profits through price discrimination by charging a higher price to adults and a lower price to children if it A. only shows G-rated movies. B. has no monopoly pricing power. C. cannot easily distinguish between the two groups of customers. D. can prevent children from buying the lower-priced tickets and selling them to adults.

Answers

The major way through which a movie theatre can increase its profits through price discrimination is by charging more to the adults and a lower price to children if it:

D. Can prevent children from buying the lower-priced tickets and selling them to adults.

Price discrimination

We should note that a G rated movie is one which is suitable for people of all ages and this cannot be used to create a price discrimination as this essentially means that only a group of people can view and there is a different price for the ticket.

How movie theatres apply price discrimination

With this in mind, we can see that if the movie theatre charges a lower price for children, then if it shows only G rated movies, if it can prevent children from buying the lower priced tickets, then they would increase their profits.

Therefore, the correct answer is option D

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Xavier needed a new business credit card. After evaluating many choices, he decided to sign up for an American
Express Delta Air Lines card. Within a few moments of his online signup and approval, Xavier received two emails.
The first email included his account information and a link to take a survey to give feedback about his account sign
up experience. The second email pointed him to a social media video that walked him through his new benefits,
showed him how to navigate the website, answered basic questions a new customer may ask, and showed him
how to sign up for account alert emails. American Express's marketing team created an easy way to reinforce a
customer's "purchase" decision. Which IMC tools were used to facilitate this process?
a

Answers

Integrated Marketing Communications is often used in marketing. The IMC tools that were used to facilitate this process is email, survey and social media.

Integrated Marketing Communications os known to be described as putting together or the integration of marketing tools examples advertising, online marketing, etc.

They are known to be promotional tools that are said to be very effective when they used together.

IMC seeks to make a stress-free experience for its customers. The Tools of Integrated Marketing Communications includes

AdvertisingPersonal sellingSocial Media MarketingPublic Relations etc.

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what are the functions of middle level management​

Answers

Answer:

Middle management is at the center of a hierarchical organization, subordinate to the senior management but above the lowest levels of operational staff.

Middle managers are accountable to top management for their department's function. They provide guidance to lower-level managers and inspire them to perform better.

Hope this helps you !!

Each of the following is a reason to export data except ___

To gave the same data in a database

To use data from your database

To create a pie graph

To send some data from a database to a client.

Answers

Explanation:

D

most data exports are for backing up purposes, creating presentation and ability to access old files

Define option price. Explain why the option price of a policy might differ from the expected surplus generated by the policy.

Answers

Explanation:

Options prices, known as premiums, are composed of the sum of its intrinsic and time value. Intrinsic value is the price difference between the current stock price and the strike price. An option's time value or extrinsic value of an option is the amount of premium above its intrinsic value.

On October 1, 2014, Dakota Company issued an $800,000, 10%, nine-month interest-bearing note. If the Dakota Company is preparing financial statements at December 31, 2014, the adjusting entry for accrued interest will include

Answers

Based on the information given the adjusting entry for accrued interest will include debit to Interest Expense of $20,000.

The appropriate adjusting entry to record the given transaction is:

Dakota Company journal entry

December 31, 2014

Debit Interest Expense

Credit Interest Payable $20,000

($800,000×10%×3/12)

(To record accrued interest)

Inconclusion  the adjusting entry for accrued interest will include debit to Interest Expense of $20,000.

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Davis Manufacturing Company had the following data:
January 1 December 31
Accounts receivable $27,000 $33,000
Materials inventory 22,500 6,000
Work in process inventory 70,200 48,000
Finished goods inventory 3,000 15,000
Collections on account were $625,000.
Cost of goods sold was 68% of sales.
Direct materials purchased amounted to $90,000.
Factory overhead was 300% of the cost of direct labor.

a. Compute sales revenue (all sales were on account).
$ ___________________

b. Compute cost of goods sold.
$ ______________

c. Compute cost of goods manufactured.
$ _______________

d. Compute direct materials used.
$ ________________

e. Compute direct labor incurred.
$ ________________

f. Compute factory overhead incurred.
$ __________________

Answers

a) The computation of the sales revenue is $631,000.

b) The computation of the cost of goods sold is $429,080.

c) The computation of the cost of goods manufactured is $441,080.

d) The computation of the direct materials used is $106,500.

e) The computation of the direct labor incurred is $78,095.

f) the Computation of the factory overhead incurred is $234,285.

How are the figures above computed?

The ledger accounts of the inventory accounts can help in the computation of the above figures as shown below.

Data and Calculations:

                                              January 1     December 31

Accounts receivable               $27,000        $33,000

Materials inventory                   22,500            6,000

Work in process inventory       70,200          48,000

Finished goods inventory          3,000           15,000

Collections on account were $625,000

Cost of goods sold was 68% of sales.

Direct materials purchased amounted to $90,000

T-Accounts:

Accounts receivable:

Beginning balance   $27,000

Sales (missing)        631,000

Cash collection                       $625,000

Ending balance                         $33,000

Cost of goods sold is $429,080 ($631,000 x 68%).

Materials inventory

Beginning balance   $22,500

Purchases                   90,000

Work in process                        106,500

Ending balance                          $6,000

Work in process inventory

Beginning balance    $70,200

Materials inventory    106,500
Direct labor                  78,095

Factory overhead     234,285

Finished goods inventory        $441,080

Ending balance                          $48,000

Finished goods inventory

Beginning balance        $3,000

Work in process         $441,080

Cost of goods sold                      $429,080

Ending balance                                15,000

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When a company enters the market with a high price for their new innovation, which pricing strategy have they used

Answers

Answer:

iprob info

Explanation:

A broker found a ready, willing, and able buyer who offered full price for a home.


The seller refused to sell because the buyer was a minority. The broker could


legally do all except:


Sue for his commission.


Inform the prospective buyer that help may be available from HUD.


Inform the seller that a possible violation of Federal Fair Housing Laws has occurred.


Show the property only to non-minorities per the seller's instructions.

Answers

There are different reasons why people take decisions. The broker could

legally do all except Sue for his commission.

A seller may rejects an offer due to different reasons.  Sellers often doo have several options when they are receiving a bid for their property. It is better to make a counteroffer with revisions when your offer is being rejected.

A seller is known too be able to counter and ask for changes to the fastesr money deposit, purchase price etc. In the above scenario, the Sue for his commission is not necessary in this case.

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advantages of apron in points​

Answers

We all know aprons have numerous advantages as they can be worn for hygienic purposes by covering the front of the body. To prevent the inner clothes from dust, dirt, spills and debris during cooking, serving, cleaning or performing a creative task. Aprons protect your clothes and acts as a protective barrier.

• To keep clothes clean & tidy.
• For added protection from things like spills, food, dirt, germs, hazards, hair, chemicals, paint, art materials.
• To hold pens, tablets, tools of the trade in easily accessible pockets.
• As part of a uniform.
• For a professional look with branding.

Hope it helps <3
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In their ________ roles, managers interact with people inside their work units; while solving problems is part of their ________ roles. Multiple Choice decisional; technical interpersonal; technical decisional; conceptual interpersonal; decisional

Answers

It should be noted that in their interpersonal roles managers interact with people inside and outside their work units while solving problem is part of their decisional roles.

What is interpersonal role of a manager?

This the role that is been expected by the manager in carrying the work team so they can achieve the organizational goals.

Therefore, managers interact with people inside and outside their work units while solving problem.

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a firm has an Roa of 14% a debt equity ratio .80 a tax rate of 35% and the interest rate on the debt is 10% the firm's Roe is ​

Answers

Answer:

11.18%

Explanation:

i had this question too

Jack is a 74-year-old, single taxpayer whose income consists of $10,000 in wages and $31,000 in social security benefits. The maximum amount he can contribute to a Roth IRA for 2019 is: A) $0 B) $6,000 C) $7,000 D) $10,000

Answers

Based on his age and income, the maximum that Jack is able to contribute to a Roth IRA in 2019 is C. 7,000.

In the year 2019, tax laws were such that:

$6,000 was the maximum to be contributed to Roth IRA. $1,000 could be contributed in excess by those above the age of 50.

As Jack is above the age of 50, he can contribute an extra $1,000 over the limit which puts him at:

= 6,000 + 1,000

= $7,000

In conclusion, Jack can contribute a maximum of $7,000.

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what is likely to play a more important role in a mixed economy than in a free market economy

Answers

Answer:

Heya!

Explanation:

The characteristics of a mixed economy include allowing supply and demand to determine fair prices, the protection of private property, innovation being promoted, standards of employment, the limitation of government in business yet allowing the government to provide overall welfare, and market facilitation by the self-interest of the players involved.

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Our emotional reactions to marketing cues are so powerful that some high-tech companies study mood in small doses (in 1/30 of a second increments) as they analyze people's facial reac-
tions when they see ads or new products. They
measure happiness as they look for differences
between, for example, a true smile (which includes
a relaxation of the upper eyelid) and a social smile
(which occurs only around the mouth). Whirlpool
used this technique to test consumers' emotional
reactions to a yet-to-be-launched generation of its
Duet washers and dryers. The company's goal: To
design an appliance that will actually make people
happy. Researchers discovered that even though
test subjects said they weren't thrilled with some
out-of-the-box design options, such as unusual
color combinations, their facial expressions said
otherwise.91 Does the ability to study our emotional
reactions at such a specific level give marketers an
unfair advantage?

Answers

The question which asks whether the ability to study our emotional  reactions at such a specific level give marketers an  unfair advantage is:

No, I do not think it does.

Based on the given question, we can see that the marketers are trying their best to find out the things which makes the possible customers happy at the sight of a new product.

I believe that this is a part of marketing just like taking a market survey to find out how receptive the consumers are of a particular product. I believe it is fair game as it does not violate any ethical rules or legal laws.

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