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- If a good is considered to be a normal good it relationship with income. has aHelp me to determine the answer and follow the direction.Thank you!There are several factors that have influenced the importance of purchasing andsupply”. Justify this statement by discussing information technology as a major factor.Provide an example of your choice to explain the factor.
- Q-4 Suppose that Kaleed’s income 1800 RO. And he purchased 30 units of goods y that cost 30 RO per unit. Calculate how many units Kaleed can buy of product X when it costs 20 RO.Economics jj Consider the partial data set in the table represents online hours spent shopping by age and income. Using the min-max transformation to normalize Income, what is the average standard deviation of Income for the chart provided? Use the min-max transformation to normalize the observations for Income spent online. Age ID 2,201 2,202 2,203 2,204 2,205 2,206 Income 57,000 57,000 54,000 17,000 37,000 45,000 Multiple Choice 1.000 0.6875 51 48 45 35 33 31 Online Hours S459N4 2QUESTION 13 Amira earns $25,000 per year (after taxes), and Amira's husband, Abbas, earns $35,000 (after taxes). They have two pre-school children. Childcare for their children costs $12,000 per year. Amira has decided to stay home and take care of the children. Amira must A. value spending time with the children by more than $12,000. B. value spending time with the children by more than $13,000. OC. value spending time with the children as much than does Abbas. O D. value spending time with the children by more than $25,000.