Adella always spends 20 20 % of her income on drumsticks. Assume that her income increases by some percentage while the price of drumsticks remains constant (and that all drumsticks cost the same). What is her income elasticity of demand for drumsticks?

Why is accountability important in managing safety

Amanager of a store that sells and installs spas wants to prepare a forecast for january and june of next year. her forecasts are a combination of trend and seasonality. she uses the following equation to estimate the trend component of monthly demand: ft = 30+5t, where t = 1 in january of this year. seasonal relatives are 0.60 for january and 1.50 for june. what demands should she predict for january and june of next year

Which of the following will not cause the consumption schedule to shift? a) a sharp increase in the amount of wealth held by households b) a change in consumer incomes c) the expectation of a recession d) a growing expectation that consumer durables will be in short supply