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When Mary's income increases she purchases less hamburger you can conclude that hamburger is?
Wiki User
∙ 14y ago
You could conclude either that
# The price of hamburger is increasing at a faster rate than Mary's income, or # Mary's income has improved to the extent that she's buying better cuts of meat.
Wiki User
∙ 14y ago
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Is purchases an income or an expense?
it is neither an expense nor an income
Do purchases go on an income statement?
No, purchases do not go on an income statement. The income statement only includes revenues and expenses directly related to the operation of the business. Purchases are recorded on the balance sheet as an increase in inventory or as an expense when the inventory is sold.
Study a sample of 100 high school students and find that student IQ scores increase signigiantly as the level of reported parental income increases you can conclude from this that?
there is a positive correlation between parental income and children's IQ scores
You study a sample of 100 high school students and find that student IQ scores increase significantly as the level of reported parental income increases you can conclude from this that?
higher parental income causes an increase in childrens IQ scores
Where do you find credit purchases in financial statements?
Credit purchases are shown in income statement as a part of total purchases.
With this tax as income increases the amount of income tax also increases.?
progressive
What is the effect of taxes on your income and purchases?
Income reduced & Purchase value Increased.
The amount of the purchases for a period is presented in the expenses section of the income statement?
The amount of the purchases for a period is presented in
As disposable income increases what happens to consumption spending?
Consumption also increases as disposable income increases.
What is it When demand for a good decreases as income increases?
In the case of Inferior goods, the demand decreases as income increases.
What is income effect mean?
The income effect is the change in the individualâ??s income and how it will impact the change in quantity of a service. As the income increases, the quantity of demand of service also increases.
A tax in which the percentage increases as income increases?
A progressive tax.
