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
Read more on income elasticity here
brainly.com/question/14620012?referrer=searchResults
#SPJ1
Which of those two percentages is larger? that's your answer.
a larger percentage means that it has a greater affect on the outcome.
Answer: Rationalization
Explanation:
Here in this scenario, the element of fraud triangle that bis being discussed is the <em>rationalization</em>. Fraud triangle defines 3 factors which are mostly responsible and thus further tend to contribute to the increase in risk of a fraud. These are: Opportunity, Incentive, and Rationalization. Rationalization is referred to as the individual’s reason and excuse for committing a fraud.
I believe the answer is D: Horizontal.
