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
Anvisha [2.4K]
3 years ago
6

When income is ​$100 per​ week, 10 gallons of gas is demanded. When income is ​$140 per​ week, 15 gallons of gas is demanded. Th

e income elasticity of demand for gallons of gas ​equals:
Business
1 answer:
jek_recluse [69]3 years ago
4 0

Answer:

1.25

Explanation:

The income elasticity if demand measures how responsive demand is to a change in income. It can be obtained by dividing the percentage change in quantity demanded by the percentage change in income.

In this question, the % change in quantity demanded is 50%. This is because there is a change of exactly half.

The percentage change in income is 40%. There is a rise from 100 to 140

The income elasticity is thus equals 50%/40% = 1.25

You might be interested in
Ok i have a question: whats your dream jobs or goals in life?
Jet001 [13]

Answer:

I want to become a very accomplished writer, and a dog trainer

6 0
3 years ago
Read 2 more answers
If current trends continue, China may be the world's largest economy by 2030. In a concise and well-noted statement, discuss the
Blizzard [7]

Answer:

If by 2030 China became, as current data estimates, the world's largest economy, this would mean a series of global changes in macroeconomic matters: A) for the world trade system, China would become the main exporter given its huge population (estimated at 1.6 billion people) added to its economic capacity, which would flood the world markets with manufactured products in this country, increasing the fiscal surplus and employment for its inhabitants; furthermore, it would relegate many nations to being secondary producers; B) the monetary system would watch the emergence of the Renmimbi as a new reference currency, displacing the dollar and the euro from the center of the scene; C) Commodity prices would be determined according to the consumption and production needs of China, with which the products demanded in this country will have high value.

4 0
3 years ago
your client has made all of the following transfers. which of these transfers will be excluded from the client's total gifts in
OlgaM077 [116]

To be excluded from the client's total gifts in the year made are

  • Paid a hospital $11,000 for medical services rendered to a friend
  • Made a donation to the democratic party. Option D I and III

This is further explained below.

<h3>Which of these transfers will be excluded from the client's total gifts in the year made?</h3>

Generally, If anything is referred to as "the client's," it means that it belongs to a single person, such as a client's file. The use of the clients' plural possessive demonstrates that we may attribute things to more than one client.

In conclusion, To be excluded from the client's total gifts in the year made are

  • Paid a hospital $11,000 for medical services rendered to a friend
  • Made a donation to the democratic party. Option D I and III

Read more about client's

brainly.com/question/28162297

#SPJ1

CQ

Your client has made all of the following transfers. Which of these transfers will be excluded from the client's total gifts in the year made?

Paid a hospital $11,000 for medical services rendered to a friend

Paid a family member $15,000 so she could go to school

Made a donation to the democratic party

Made a contribution to the shriner's hospital, which provides free medical care to children

A)

II and IV

B)

I and II

C)

III and IV

D)

I and III

5 0
1 year ago
The following information is from the materials requisitions and time tickets for Job 9-1005 completed by Great Bay Boats. The r
Nata [24]

Answer:

Total cost for Job 9-1005 = $ 5,085

Explanation:

Calculation for total cost for Job 9-1005

Direct materials

Q-4698          $1,250

Q-4725          <u>$1,000</u>

<u>Total Direct material cost = $ 2,250</u>

Direct labor

W-3393          $ 600

W-3479          $ 450

W-3559          <u>$ 300</u>

<u>Total direct labour Cost = $ 1,350</u>

add: Overhead cost 110% of total direct labor cost: $1,350×110%= $1,485

Total Cost on Job is: $2,250+$1,350+$1,485 = $5,085

5 0
3 years ago
Suppose a Lexus LS400 and a Mercedes C300 are considered to be of equivalent value. The Lexus sells for 6,000,000 Japanese yen i
yarga [219]

Answer:

1 EUR = 120 JPY

Explanation:

As the purchasing power parity theory, the exchange rate of currency 1 to currency 2  = Cost of good  in currency 1 / cost of same valued item  in currency 2

In this case,  a Lexus LS400 and a Mercedes C300 are considered to be of equivalent value, then the exchange rate between the yen and the euro

= price of Lexus in Tokyo/ price of Mercedes  in Stuttgart

= 6,000,000 JPY/ 50,000 EUR

= 120 JPY/EUR

3 0
3 years ago
Other questions:
  • In a small, closed economy, national income (GDP) is $350.00 million for the current month. Individuals have spent $100.00 milli
    15·1 answer
  • A portfolio manager sells Treasury bonds and buys corporate bonds because the spread between corporate- and Treasury-bond yields
    12·1 answer
  • ERIC: Hi, Hubert. This is my first economics course, and many of the concepts discussed in class are really confusing. Today the
    7·1 answer
  • At Richardson Manufacturing Company, there are two factors that determine the cost of health care. If an employee makes less tha
    9·1 answer
  • In January 2021, Vega Corporation purchased a patent at a cost of $200,000. Legal and filing fees of $50,000 were paid to acquir
    12·1 answer
  • Which education and qualifications are most helpful for Maintenance, Installation, and Repair careers? Check all that apply. app
    12·2 answers
  • 7. "Skill is necessary to develop team spirit”. Justify your answer.​
    6·2 answers
  • Being aware of your expectations is an example of a. For introducing mindfulness to young children
    5·1 answer
  • Which phrase best completes the diagram? Macroeconomic Goals for a Society ? Stable prices Economic growth
    7·1 answer
  • if there is an increase in the demand for a good, what will happen to the equilibrium price and quantity of the good exchanged?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!