Answer:
Since elasticity is 6.4, a positive figure,it is normal good and the fact that it is greater than one means it is elastic,hence option A is correct
Explanation:
The formula for income elasticity of demand is given as:
/(new quantity-old quantity)//(old price+new price)/2)/(New income-Old income)/(old income+new income)/2)
New income=$33,000
Old income=$31,900
New quantity =5 times
Old quantity=3 times
Hence=(5-3)/(3+5)/2)/(33500-31900)/(31900+33500)/2)
Elasticity=6.45
I think the most appropriate answer would be "greater"
I hope it helped you!
Answer:
C. Employers are most interested in how a candidate will add value to the hiring organization.
Explanation:
Most Organizations are keen on knowing what value you are bringing to the company, there is no real consideration of the applicants dreams or career goals. As time goes by, it becomes really difficult to secure positions without reasonable years of experience because that way, the recruiting organization is in the know of your capability and how you contribute to their existing goals. Sadly, this is what applicants face in the world today so most newly graduates have to go on internships so as to widen their scope of real job tasks which also increases their chances of getting recruited.
