Steven's income elasticity is 0.83
<h3>How to calculate the income elasticity ?</h3>
Income elasticity can be described as the change in the quantity demanded by the change in the income
Steven's income decreased from $1800 to $1200
His trips also decreased from 15 to 10
The Income elasticity can be calculated as follows
= 15 -10/(1800-1200) × 100
= 5/600 × 100
= 0.00833 × 100
= 0.83
Hence the income elasticity is 0.83
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Options:
a. have no effect on; increase; decrease; negative
b. increase; increase; decrease; negative
c. increase; increase; increase; positive
d. increase; increase; decrease; uncertain
e. decrease; increase; decrease; negative
Answer:
Option D is the correct answer.
An increasing number of firms decide to install tablets and computers so that customers are able to order and pay on their own. This can be expected to <u>increase</u> investment spending by the firms. At the same time we can expect the unemployment rate to <u>increase</u> and consumption spending to <u>decrease</u>. Overall the effect on gross domestic product (GDP) is <u>uncertain.</u>
Explanation:
Since, Firm choose to build venture by introducing tablets and PCs and hope to accomplish benefit level. And yet joblessness can be relied upon to increment and subsequently utilization spending will diminish. Thus, the general impact GDP is dubious in light of the fact that an underlying increment in venture increment the monetary development level by increment in work rate. On the off chance that business rate increment, at that point consequently utilization spending increment. And yet it was relied upon to expand joblessness rate which decline the utilization spending. Thus, all things considered GDP may increase or diminish . Consequently GDP is dubious.
Answer:
b. Lanham Act
Explanation:
Lanham Act -
According to this act ,
It governs the unfair competition , service marks and trademarks , is referred to as the Lanham Act .
Where Trademark , refers to the some symbol , logo , phrase or word , which act as an identity of the goods or services , and make the product to stand out from rest of the product .
Copying the same trademark is an illegal activity .
The Law was passed by Congress in year 1946 .
It is also called the Trademark Act 1946 .
Hence , from the given scenario of the question,
The correct option is b. Lanham Act .
Explanation:
In this case, I would have stick to my commitment which I made first.
No doubt the invitation of the second party was just like a dream come true, as that was being held by a popular group and all of my friends were going there, but ethically and morally I am supposed to stick to my commitment which i have made before this invitation. So my decision will be on moral and ethical grounds. I would attend the sleepover birthday party and would hope that the other party of popular group happens again.
Answer:
Most American cars are delivered f.o.b. Detroit; however, imports are not.
Explanation:
The completely correct sentence is;
Most American cars are delivered f.o.b. Detroit; however, imports are not.
Fob is an acronym for free on board, hence it should have "dots" in between.
Semicolon indicates a pause or that an explanation continues, as it joins two (2) independent clauses.
