Salaries are declining in South Africa, but more people are getting paid, new data shows. The average salary in South Africa has shown the most significant month-to-month fall in March, declining 5.6%. This has led to South Africans having less disposable income and increasingly relying on debt to make ends meet, the group said. Source: https://businesstech.co.za/news/finance/513420/how-salaries-in-south-africa-are-shrinking! Use the figures below to answer question 8 that follows: RE O a 22 81 08 Which of the figures correctly indicates the effect of a decrease in James's salary on the demand of chicken liver which is considered to be an inferior good? a) A b) B c) C d) D

Salaries are declining in South Africa, but more people are getting paid, new data shows. The average salary in South Africa has shown the most significant month-to-month fall in March, declining 5.6%. This has led to South Africans having less disposable income and increasingly relying on debt to make ends meet, the group said. Source: https://businesstech.co.za/news/finance/513420/how-salaries-in-south-africa-are-shrinking! Use the figures below to answer question 8 that follows: RE O a 22 81 08 Which of the figures correctly indicates the effect of a decrease in James's salary on the demand of chicken liver which is considered to be an inferior good? a) A b) B c) C d) D

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Solve all the parts and add explanation and check answer twice
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