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For which type of good is there an inverse relationship between the demand for the good and income?
For inferior goods, there is an inverse relationship between the demand for the good and income.
What is the relationship between consumer spending and disposable personal income?
a direct relationship.
If the correlation between income level and charitable giving is 0.82 what is relationship between income and donations to charities?
Strong and positive
If the correlation between income level and charitable giving is 0.82 the relationship between income and donations to charities is?
Strong and positive
What is relationship between income to political power?
Though they shouldn't have a direct relationship, higher income usually means higher political power these days.
What is the relationship between income and luxury goods?
higher income, more luxery goods. not rocket science.
What is the relationship of base to rate structure in individual income tax?
the rate structure for the individual income tax has been progressive, meaning that tax rates graduate upward as the base of taxable income increases. Different tax rates apply to ranges of income, called brackets.
What is the relationship between consumer demand and income levels when considering inferior goods in economics?
In economics, there is an inverse relationship between consumer demand and income levels for inferior goods. This means that as income levels increase, the demand for inferior goods decreases, and vice versa.
Is there a is relationship between income and value of car own?
Yes, there is a relationship between income and the value of the car someone owns. Typically, higher income individuals tend to own more expensive and higher value cars, while lower income individuals may own less expensive vehicles. This relationship is influenced by various factors such as affordability, lifestyle choices, and financial priorities.
What is the relationship between income elasticity and inferior goods?
Income elasticity measures how the demand for a good changes in response to changes in income. Inferior goods have a negative income elasticity, meaning demand decreases as income increases.
What are the relationship between horticulture and family income?
usually negative, if you're a farmer you lose money
Is there a relationship between unemployment and crime is south Africa?
Yes, no work and income you have to steal for a living
