Inferior good:
Demand for that good decreases of the average income of the population increases.
Demand of that good increases of the average income of the population decreases.
Answer:
O Concert tickets
Explanation:
Elastic demand is the demand that is highly responsive to changes in prices. A small change in price causes the demand to change by a big proposition. When the demand is elastic, the change in demand is not propositional to changes in price.
Non-essential goods tend to have elastic goods. These are the goods that consumers can survive without. Demand for non-essential tends to decrease or increase in a big proposition when prices rise or fall by a small margin. From the list provided, concert tickets are non essential goods.
Answer: See explanation
Explanation:
a. . Assume also that borrowers eventually return all of these funds to their banks in the form of transaction deposits. What is the full effect of this purchase on bank deposits and the money supply?
Based on the above scenario, there'll be an increase in bank deposits and money supply by $16.4 billion.
= (1/5%) × $820 million
= (1/0.05) × $820 million
= 20 × $820 million
= 16,400,000,000
= 16.4 billion
b.What is the full effect of this purchase on bank deposits and the money supply if borrowersreturn only 95 percent of these funds to their banks in the form of transaction deposits?
This will lead to an increase in the bank deposits and money supply by $8.2 billion
= [1/(0.05+(1-0.95)] × $820 million
= [1/0.05+0.05] × $820 million
= (1/0.1) × $820 million
= 10 × $820 million
= $8.2 billion
<span>Categorical -Homeowner
Ratio -Credit Score
Ratio-Years of Credit History
Ratio-Revolving Balance
Ratio-Revolving Utilization
Categorical-Decision
In this case variables that are Ratio are measurable such as credit score, years of credit history, etc. While on the other hand Homeowner and Decision are categorical as they can also be categorized into categories and cannot be measured.</span>
Answer:
2. He starts his day by looking at how well he’s doing on his company’s key performance indicators.
4. He values what his coworkers think and encourages them to give their opinions in his marketing meetings.
Explanation:
In order to evaluate and adapt, a constant critical analysis and different visions are a sole focus. In order for Levi to grow as strategist, he needs to keep an eye on the goals and keep daily updates of what is done and what more needs to be done.
For him to develop his vision broader, he can take opinions from the coworkers and encourage them for it because it will give him a different perspective of the same situation which is always helpful in terms of finding solutions to problems.
