1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Mademuasel [1]
2 years ago
9

Define the income elasticity of demand

Business
1 answer:
Irina18 [472]2 years ago
3 0

Answer:

Income elasticity of demand is an economic measure of how responsive the quantity demand for a good or service is to a change in income. The formula for calculating income elasticity of demand is the percent change in quantity demanded divided by the percent change in income.

You might be interested in
Which of the following statements are true based on the historical record for 1926–2016? Multiple Choice Risk-free securities pr
PilotLPTM [1.2K]

Answer: Bonds are generally a safer, or less risky, investment than are stocks

Explanation: The biggest pro of investing in stocks over bonds is that history shows, stocks tend to earn more than bonds - especially long term. Additionally, stocks can offer better returns if the company growth is exponential, earning the investor potentially millions on an originally minuscule investment.

Many investors are under the impression that bonds are automatically safer than stocks. After all, bonds pay investors a regular fixed income, and their prices are much less volatile than those of stocks. Conversely, a stock is low-risk for the issuing company, but it's high-risk for investors.

6 0
4 years ago
In 2004, Jamal lost his job as a shipbuilder. His shipyard never reopened, and his very specialized skills as a shipbuilder were
MrMuchimi

The best way to describe Jamal's unemployment would be <u>Structural</u>

7 0
3 years ago
On June 13, the board of directors of Siewert Inc. declared a 2-for-1 stock split on its 60 million, $2.00 par, common shares, t
ozzi

Answer:

No journal is needed

Par value  is now $1

Explanation:

There is journal entry for stock split no new funds were received from stockholders and the fact that the equity stockholders capital remain the same after the stock split.

It is a mere book redenomination where the number of outstanding shares in issue is increased while the par value is reduced  proportionally.

In essence a stock split of 2 for 1 means one share is added to existing one and the two shares are now priced at the value of one previously

The par value after stock split=1/2*$2=$1

7 0
3 years ago
Over the last several decades, power in supply chains has increasingly been shifting to?
Masja [62]

Over the last several decades, power in supply chains has increasingly been shifting to retailers.

A retailer, sometimes known as a merchant, is a business that sells products directly to customers, such as groceries, vehicles, or apparel, with the intention of making a profit. This business may run both online and in a physical location.

The supply chain's consumer-facing component is represented by retailers, with whom most consumers have regular interactions. They are available in numerous varieties, designs, and sizes.

A producer, wholesaler, or another distributor often sells their products to retailers, who subsequently resale them to the general market. Large retailers like Walmart and Target acquire products in bulk from producers or wholesalers, but local grocers or tiny, family-run pharmacies can also buy from these places or from smaller suppliers.

To learn more Retailers refer to:

brainly.com/question/28066195

#SPJ4

7 0
2 years ago
Bramble Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow:
Orlov [11]

Answer: $54,000

Explanation:

Referring to the data regarding store operation given above, difference between cash receipt and cash disbursement for December could be calculated as follows;

December Cash receipt = (340,000*20%+320,000*80%) = 324,000

November Purchases = (340,000 × 75%)+(320,000 × 75% × 60%) - 153,000 = 246,000

December Cash payment = 246,000 +240,000 = 270,000

The difference between cash receipts and cash disbursement for December = 324,000 - 270,000 = 54,000

6 0
3 years ago
Read 2 more answers
Other questions:
  • Lupe is a student who wants to open a bank account. Which type of bank is most likely the best option for her needs?
    15·2 answers
  • During the last year of operations, Theta’s accounts receivable increased by $10,000, accounts payable increased by $5,000, and
    5·1 answer
  • Which of the following products is most likely to be produced in a process operations system?
    15·1 answer
  • ________ measures the percentage of profit earned on each sales dollar before interest and taxes but after all costs and expense
    8·1 answer
  • Fred sells health insurance packages for small businesses. he has been given the names of 10 new businesses in his town. during
    12·1 answer
  • Debra notes that Theo Chocolate has started holding its own operations to the same IMO standards of fair trade to which it holds
    10·1 answer
  • "Businesses that engage in supply chain management work to establish long-term relationships with a small number of very capable
    9·1 answer
  • When an accelerated depreciation method is used to calculate depreciation expense: Multiple Choice the accumulated depreciation
    5·1 answer
  • Which of the following may be used to
    15·1 answer
  • A buyer wishes to have the choice to buy a parcel of land in the next few months, so he offers option money to the owner. if the
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!