Answer:
Income effect is the correct answer.
Explanation:
The income effect means that the change in demand for a good or service which is caused by the change in a consumer's purchasing power resulting from the change in real income. The change can be due to a rise in the wage or due to freeing the income due to a decrease in the price of the goods. This effect also tells how the change in the price of goods will cause a change in its demand accordingly. The income effect is part of the consumer choice theory. It expresses the impact of change in income and relative market prices on the consumption pattern of goods and services.
Answer:
The income effect
Explanation:
b. False
Answer:
ture
Explanation:
B. Functional departmentalization
C. Process departmentalization
D. Geographic departmentalization
b. mutual fund
c. preferred stock
d. promissory note
Answer:
B.MUTUAL FUND is invested by managers in a diversity of stocks, bonds, and other securities.
Explanation:
B) mortgage payment
C) car insurance payment
D) expenses for a birthday party
hint the only one that would vary significantly from month to month.
explanation: Fixed expenses are those items in a budget which are consistent from month to month. In this list, only the expenses for a birthday do not fit this category.
so your answer will D expenses for a birthday party.