Supply and Demand if I am correct
hope this helps :)
Fossils show us the long history of life and the past and current evolution processes on earth.
The Ottoman Empire was a desirable terroritory for European nations as it extended over three major continents.
All of the map projections that are practical for usage, thus are mass produced, have a particular distortion. There are maps that are accurate and without distortions but they are not practical for usage because of their shape.
The Mercator map projection is one of the most used around the world. This map projection though is distorting spatial relationships. It is fully accurate on the Equator, but as the projection moves further south and north, it starts to distort, with the distortion being the greatest and the North Pole and South Pole. This results in the areas that are further away from the Equator to be represented as much larger than what they actually are.
Two examples of the distortion of spatial relationships are Greenland and Antarctica. Greenland is an island in the higher latitudes in the Northern Hemisphere, and while the island is big, it actually appears on the maps almost the size of Africa, though Africa is 15 times larger than it. Antarctica is the continent on and around the South Pole. Its distortion is so big, that Antarctica appears on this map projection as by far the largest continent, despite that being very far from the true size of it.
The income elasticity of demand for bagels is 0.48. Bagels is a normal good. Income elasticity of demand for donuts is -0.31. Donuts is an inferior goods.
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What is income elasticity of demand?</h3>
Income elasticity of demand measures how the quantity demanded of a good changes when there is a change in income. Inferior goods have a negative income elasticity. Normal goods have a positive income elasticity.
Income elasticity of demand = percentage change in quantity demanded / percentage change in income
Income elasticity of demand for bagels:
percentage change in quantity demanded = (10 /6) - 1 = 0.667 = 66.7%
percentage change in income = ($6000 / $2500) - 1 = 1.4 = 140%
Income elasticity of demand = 66.7 / 140 = 0.48
Income elasticity of demand for donuts:
percentage change in quantity demanded = (8/14) - 1 = -0.429 = 42.9%
percentage change in income = ($6000 / $2500) - 1 = 1.4 = 140%
Income elasticity of demand = -42.9/ 140 = -0.31
To learn more about income elasticity, please check: brainly.com/question/26580369
