Answer:
20%
Step-by-step explanation:
12/15 = .8
subtract from 1
gives you .2
convert to a percentage
.2 = 20%
Answer:
102
Step-by-step explanation:
1 fluid ounce = 6 teaspoons
Answer:
n = –3 or n = 3
Step-by-step explanation:
n² – 1 = 8
n² – 9 = 0
(n + 3)(n –3) = 0
n + 3 = 0 or n – 3 = 0
Answer:
C
Step-by-step explanation:
bottom to top
it goes from -1 to 1
The uploaded question does not contain the options. The full question with the options is shown below.
Joe receives a 20 percent increase in his income from his part time job and as a consequence decreases his consumption of Ramen noodles by 10 percent. Hence to Joe, Ramen noodles are
A) a normal good with a price elasticity of demand of 0.5.
B) a substitute good with a cross elasticity of 0.5.
C) a good with a price elasticity of supply of -0.5.
D) an inferior good with an income elasticity of -0.5.
E) an inferior good with an income elasticity of -2.0.
Answer:
D) An inferior good with an income elasticity of -0.5
Step-by-step explanation:
Income elasticity is calculated by finding the negative 50% change in demand.
Income elasticity = -0.5
The reduction in demand for Ramen noodles due to the increase in income indicates that Ramen noodle is an inferior good that was only purchased because of Joe's meager income.