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sergij07 [2.7K]
3 years ago
5

A change in income preferences or prices of other goods or services leads to a that causes a:______

Business
1 answer:
exis [7]3 years ago
7 0

Answer:

change in demand; shift of the demand curve.

Explanation:

We know that income elasticity of demand derives by considering the percentage change in quantity demanded and percentage change in income

In mathematically,

Income elasticity of demand = (percentage change in quantity demanded) ÷ (percentage change in income)

By considering the above information, the change in income preferences is due to change in demand plus it also shift of the demand curve

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2 years ago
Roak Company and Clay Company are similar firms that operate in the same industry. Clay began operations 2 years ago and Roak st
babunello [35]

Answer: Clay Company

Explanation:

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This means that Clay company has a better profit margin and shows that they retain a higher percentage of their revenue after costs are taken out as opposed to Roak company.

8 0
3 years ago
In the equation of exchange, the average number of times a dollar is used to purchase a final good or service is the __________
Dominik [7]

Answer:

Explanation:

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4 0
3 years ago
A bulk mail insurance advertising brochure sent by the insurer to every home in one zip code is an example of:_________.
pickupchik [31]

Answer:

direct response marketing

Explanation:

Direct response marketing -

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Hence, from the given statement of the question, the correct term is direct response marketing.

8 0
3 years ago
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8090 [49]

Answer:

130000 shares issued

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= 130000 shares issued

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