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: P1 PO o 28 ° PO P1 01 DO ° Q1 DO QOQ1 P1 PO Q1 QO D1 Q1 Q Do DO 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: P1 PO o 28 ° PO P1 01 DO ° Q1 DO QOQ1 P1 PO Q1 QO D1 Q1 Q Do DO 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
Chapter1: Making Economics Decisions
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Transcribed Image Text: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:
P1
PO
o
28
°
PO
P1
01
DO
°
Q1
DO
QOQ1
P1
PO
Q1 QO
D1
Q1 Q
Do
DO
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
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