Why is the demand for consumer nondurable goods more stable than that for consumer durable goods?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (12 reviews)
Food and clothing are the two main nondurable goods Our consumption of the...View the full answer
Answered By
Krishnavendra Y
I am a self motivated financial professional knowledgeable in; preparation of financial reports, reconciling and managing accounts, maintaining cash flows, budgets, among other financial reports. I possess strong analytical skills with high attention to detail and accuracy. I am able to act quickly and effectively when dealing with challenging situations. I have the ability to form positive relationships with colleagues and I believe that team work is great key to performance. I always deliver quality, detailed, original (0% plagiarism), well-researched and critically analyzed papers.
5.00+
4+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
True or False: 1. In the aggregate expenditure model, when total spending increases, firms increase their output and hire more workers. 2. When we assume the price level is constant, we do not have...
-
Why is the demand for a luxury generally more elastic (or less inelastic) than the demand for a necessity?
-
Why is the demand for San Francisco cigarettes so much more price elastic than the overall market demand for cigarettes?
-
March 31, 2014, adjusted trial balance for Brenner Climbing Adventures has been alphabetized as follows: Required Journalize the closing entries. No. Account Debit Credit $ 2,600 168 Accumulated...
-
The average wait time on the phone for taxpayers calling the IRS in 2012 was 1,080 seconds. Suppose (if you can use your imagination) that the IRS made operational changes in an effort to reduce wait...
-
Data Forms and Questions Your Task. In conducting research for the following reports, name at least one form of data you will need and questions you should ask to determine whether that set of data...
-
A \(30 \mathrm{ft} \times 20 \mathrm{ft}\) office space has a photosensor dimmer control working with installed lighting of \(2 \mathrm{~W} / \mathrm{ft}^{2}\). The required workplace illuminance is...
-
Southwestern University (SWU), a large state college in Stephenville, Texas, enrolls close to 20,000 students. The school is a dominant force in the small city, with more students during fall and...
-
Using the below information, what is the earnings per share? Calculate to two decimal places. Net Credit Sales 500,000 Cost of Goods Sold 300,000 Operating expenses 75,000 interest and other...
-
An African-American employee sought promotion to a chemist position with supervisory responsibilities. Promotions were based on the results of certification (based on education and work experience)...
-
How is it possible for a nations consumption to sometimes exceed its disposable income?
-
What are the advantages and disadvantages of the corporation as a form of business organization?
-
Show that there does not exist a function (x, y) such that = (y 2 , x). Use Clairauts Theorem xy = yx . Clairaut's Theorem fxyy = fyxy = fyyx
-
Find the price for the bond. Par Value: 5,000 Coupon Rate: 8% Years to Maturity: 15 Yield to Maturity: 11% Price: ?
-
Research legislation that has occurred within the last 5 years at the Texas or federal level as a result of nurse advocacy. Describe the legislation and what was accomplished. What additional steps...
-
A Singapore dollar (SGD) is worth 0.5697 Swiss francs (CHF). A Swiss franc sells for 3.6665 British pounds. Find the exchange rate between the Singapore dollar and the British pound.
-
What is considered a strong medium-risk ROR in today's market? Discuss.
-
Outline THREE considerations to be included in an analysis to select the most appropriate amount of short-term borrowing.
-
Western Trucking Corporation uses the units-of-production depreciation method because units-of-production best measures wear and tear on the trucks. Consider these facts about one Mack truck in the...
-
Subprime loans have higher loss rates than many other types of loans. Explain why lenders offer subprime loans. Describe the characteristics of the typical borrower in a subprime consumer loan.
-
Which statement is the most accurate? a) Our economy was at full employment in 2012. b) Our economy operated outside its production possibilities curve in 2012. c) Our economy is currently operating...
-
If Figure 1 shows our production possibilities frontier during the Great Depression, at which point were we operating? a) point A b) point B c) point C d) point D A Figure 1 B C D
-
If Figure 1 shows our production possibilities frontier during World War II, at which point were we operating? a) point A b) point B c) point C d) point D A Figure 1 B D
-
The data has been collected from Form 5 secondary school students as a respondent to find out their confidence level in getting high marks for subject Additional Mathematics. The survey has been...
-
A machine uses 36-bit word to represent single-precision floating point numbers as fol- lows: S 11-bit exponent (E) 24-bit Significand (M) The value presented is given by (-1)51.M 2E-1023 (a) Write...
-
2 - Mock Interview Assignment 2 - Mock Interview Assignment 2 - Mock Interview Mark as done Opened:February 23 2024, 12:00 AM PD150 DE Mock Interview Assignment Attached, you will find several mock...
Study smarter with the SolutionInn App