subject
Business, 04.12.2019 04:31 9826zed

Suppose income increases by 25 percent and, as a result, the quantity of a particular brand of automobile demanded (holding the price for this particular automobile constant) increases by 49 percentthe income elasticity of demand for this brand of car is (enter your response rounded to two decimal places and include a minus sign if appropriate.)this particular brand of automobile is a(n) goodsuppose market research shows that a particular brand of truck is a normal good and a luxury. if so, then the income elasticity of demand for this truck isa. less than 1 but greater than 0b. negativec. greater than 1d. positivee. zero

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 03:00
Fanning books buys books and magazines directly from publishers and distributes them to grocery stores. the wholesaler expects to purchase the following inventory: april may june required purchases (on account) $ 111,000 $ 131,000 $ 143,000 fanning books accountant prepared the following schedule of cash payments for inventory purchases. fanning books suppliers require that 85 percent of purchases on account be paid in the month of purchase; the remaining 15 percent are paid in the month following the month of purchase. required complete the schedule of cash payments for inventory purchases by filling in the missing amounts. determine the amount of accounts payable the company will report on its pro forma balance sheet at the end of the second quarter.
Answers: 2
question
Business, 22.06.2019 09:00
You speak to a business owner that is taking in almost $2000 in revenue each month. the owner still says that they are having trouble keeping the doors open. how can that be possible? use the terms of revenue, expenses and profit/loss in your answer
Answers: 3
question
Business, 22.06.2019 10:00
What is the difference between an "i" statement and a "you" statement? a. the "i" statement is non-confrontational b. the "you" statement is non-confrontational c. the "i" statement is argumentative d. the "you" statement is neutral in tone select the best answer from the choices provided
Answers: 1
question
Business, 22.06.2019 11:00
The role of the credit department includes: a. evaluating customers' credit applications to determine whether they meet the company's approval standards. b. approving all credit applications in order to avoid losing sales. c. collecting cash from customers. d. following unwritten approval standards for processing customers' credit applications.
Answers: 2
You know the right answer?
Suppose income increases by 25 percent and, as a result, the quantity of a particular brand of autom...
Questions
question
Mathematics, 23.03.2020 21:25
question
Mathematics, 23.03.2020 21:25
Questions on the website: 13722362