The uploaded question does not contain the options. The full question with the options is shown below.
Joe receives a 20 percent increase in his income from his part time job and as a consequence decreases his consumption of Ramen noodles by 10 percent. Hence to Joe, Ramen noodles are
A) a normal good with a price elasticity of demand of 0.5.
B) a substitute good with a cross elasticity of 0.5.
C) a good with a price elasticity of supply of -0.5.
D) an inferior good with an income elasticity of -0.5.
E) an inferior good with an income elasticity of -2.0.
Answer:
D) An inferior good with an income elasticity of -0.5
Step-by-step explanation:
Income elasticity is calculated by finding the negative 50% change in demand.
Income elasticity = -0.5
The reduction in demand for Ramen noodles due to the increase in income indicates that Ramen noodle is an inferior good that was only purchased because of Joe's meager income.
Answer:
2000. There are different restaurants. Poor person. Or for 100 twenties two. So it is. You do? This is 80 into two, 1 60 dollar. What are we going to? She'll pay 1 $60 her interest. This is the answer.
Step-by-step explanation:
Answer:
A
Step-by-step explanation:
The order of operations, or PEMDAS, is used like so:
Parentheses
Exponents
Multiply
Divide
Add
Subtract
exponents are the second step of the order of operations
47 times 22 = 1034
1034/2 = 517
380 is less than 517 so Renee has more than enough for each student.
Step-by-step explanation:
Number on is base
Two is diameter
Three is radius and diamater
Five is cubic
Four is pi and radius
( pls excuse my spelling )