The income elasticity of demand: A. is the ratio of the percentage change in income to the percentage change in quantity demanded. B. measures the responsiveness of income to changes in quantity demanded. C. measures the responsiveness of quantity demanded to changes in income. D. measures the change in income necessary for a given change in quantity demanded

the u.s. census bureau produces data on the population and economy nationwide. it can you to analyze the kind of people living in your neighborhood. it does not show you the market of people willing to buy your product or an existing market for your product. that will require more market research. the census bureau only gives you an insight to the demographics in your area.

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

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answerindustrial revolution;

answercompetitive advantage;