subject
Business, 04.01.2020 04:31 clairee002

Assume that a consumer purchases only two products and there is a decrease in the consumer's income. the prices of the two products stay constant. the decrease in income will result in
a. a change in the slope of the budget line
b. no change of the budget line
c. shift of the budget line inward to the left
d. shift of the budget line outward to the right

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 06:00
For 2018, rahal's auto parts estimates bad debt expense at 1% of credit sales. the company reported accounts receivable and an allowance for uncollectible accounts of $86,500 and $2,100, respectively, at december 31, 2017. during 2018, rahal's credit sales and collections were $404,000 and $408,000, respectively, and $2,340 in accounts receivable were written off.rahal's accounts receivable at december 31, 2018, are:
Answers: 2
question
Business, 22.06.2019 14:50
The following information is needed to reconcile the cash balance for gourmet catering services. * a deposit of $5,600 is in transit. * outstanding checks total $1,000. * the book balance is $6,400 at february 28, 2019. * the bookkeeper recorded a $1,800 check as $17,200 in payment of the current month's rent. * the bank balance at february 28, 2019 was $17,410. * a deposit of $400 was credited by the bank for $4,000. * a customer's check for $3,300 was returned for nonsufficient funds. * the bank service charge is $90. what was the adjusted book balance?
Answers: 1
question
Business, 22.06.2019 22:50
Adding a complementary product to what is currently being produced is a demand management strategy used when: a. capacity exceeds demand for a product that has stable demand.b. price increases have failed to bring about demand management.c. demand exceeds capacity.d. demand exceeds 100 percent.e. the existing product has seasonal or cyclical demand.
Answers: 3
question
Business, 23.06.2019 00:30
It's possible for a debt card transaction to bounce true or false
Answers: 1
You know the right answer?
Assume that a consumer purchases only two products and there is a decrease in the consumer's income....
Questions
question
History, 28.03.2020 00:14
question
Mathematics, 28.03.2020 00:14
question
Mathematics, 28.03.2020 00:14
question
Social Studies, 28.03.2020 00:14