Answer:income elasticity: Change in the demand curve in response to change in income
Price elasticity: change in demand curve in response to change in price
Explanation:
Income elasticity of demand is the degree of responsiveness of the quantity demanded of a commodity to a CHANGE in income.
Income elasticity of demand=%∆ Qd / %∆income
That is, the ratio of the percentage change in quantity demanded to the percentage change in income.
Price elasticity of demand is the degree of responsiveness of the quantity demand of a commodity to a CHANGE in its own price. It can be calculated using
Price elasticity of demand= %∆Qd / %∆price
That is, the ratio of the percentage change in quantity demanded to the percentage change in price.
$5,910 was the depreciation deduction
can Jack and Angie take in the current year. On June 1 of the current year, they
purchased a rental beach house for $900,000 and rented it right away of that
amount, $600,000 for the land value.
The person with the primary responsibility to solve the budget overrun and behind-schedule performance is <u>b: The Project Manager.</u>
<h3>Who is a Project Manager?</h3>
A project manager is a professional who organizes, plans, and executes projects under tight budgets and schedules.
The roles of the project manager include:
- Planning and defining goals
- Organizing and leading teams
- Directing projects
- Communicating with stakeholders
- Ensuring timely delivery of projects, on budget, and within scope.
<h3>Answer Options:</h3>
a: The Project Champion
b: The Project Manager
c: The Project Management Office Manager
d: Senior Management
Thus, the person with the primary responsibility to solve the budget overrun and behind-schedule performance is <u>b: The Project Manager.</u>
Learn more about project management at brainly.com/question/6500846
Answer:
High demand
Low supply
High prices
Explanation:
The demand and supply of products, goods and services is heavily dependent on several factors ranging from economic, health and social factors. Disease and viral outbreaks have devastating effects on the market forces of demand and supply which in most cases will impact the market negatively with characteristically high prices and scarcity of products. The mouth and hoof outbreak in Europe was one which impacted the economy including farmers, leather and hides workers and all whose businesses and sustainability depends on cattles and its products. Due to the contagious nature of the disease and the ease at which it could spread if curtailment isn't effected on time, millions of cattles were slaughtered on sighting the symptoms and it's products including skins are burnt leading to losses in billions on the path of cattle rearers, shortage of lather, hides and skins, restriction in international product trade in other to avoid its spread to other parts of the world. These resulted in low supply and high demand of cattles and its products including leather goods meaning High prices for little available.
