1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
AysviL [449]
3 years ago
5

During a recession, median income falls by 15%. if the demand for grapes falls by 12%, grapes are a(n) _____ good with an income

elasticity of demand of
Business
1 answer:
IgorLugansk [536]3 years ago
7 0
<span>Grapes are a(n) "normal good" with an income elasticity of demand of "0.8". A normal good is a good for which an increase in income results in increased demand, while decreased income results in decreased demand. Thus, we know that the first blank is "normal good" by the definition of a normal good becuase median income fell and demand for grapes fell. The X elasticity of demand is given by (%change in Demand)/(%change in X), where x is any economic variable (income in this case). Thus, to find the elasticity, we divide 12% by 15%. 12%/15%=.08.</span>
You might be interested in
Dominic heads the corporate communications department of Zookey Technologies. Eva is his least preferred coworker because her pe
Angelina_Jolie [31]

Answer:

The correct answer is A that is Relationship oriented leadership style.

Explanation:

Relationship oriented is an approach of the leadership style in which an individual or the person focuses or aim on the general well being as well as the motivation of the team members.

In this case, Dominic is most preferred in comparison to Eva as Dominic has a  pleasing personality and she is also helpful to other coworkers. So, she has a relationship-oriented style.

8 0
3 years ago
An investor is in a 30% combined federal plus state tax bracket. If corporate bonds offer 9% yields, what yield must municipals
Mkey [24]

Answer:

after tax yield on corporate bonds  = 6.3 %

Explanation:

given data

federal plus state tax bracket = 30%

corporate bonds  yields = 9%

solution

we get here yield that must municipals offer for the investor is express as

after tax yield on corporate bonds = corporate bonds  yields × ( 1 - federal plus state tax bracket  )   ......................1

put here value and we will get

after tax yield on corporate bonds = 9% × ( 1 - 30% )

after tax yield on corporate bonds = 0.09 × ( 1 - 0.30 )

after tax yield on corporate bonds  = 0.063

after tax yield on corporate bonds  = 6.3 %

7 0
3 years ago
The attributes of a conventional corporation include that: Multiple select question. it is state chartered it is a legal entity
Scrat [10]

The attributes of a corporation include:

  • It is state chartered
  • It is a legal entity.
  • Corporate liability is separate from owners.

<h3>What is a corporation?</h3>

A corporation simply means a large company that's acts as a single entity. It's also recognized by law.

A corporation is state chartered, legal entity, and its corporate liability is separate from owners. It's usually a large group of company.

Learn more about corporation on:

brainly.com/question/2514694

8 0
2 years ago
At one time, the US government collected taxes only through___ taxes and imports. The ____ Amendment to the Constitution allowed
maks197457 [2]
The answers are C and B
5 0
3 years ago
Read 2 more answers
All goods and services are scarce because
zhenek [66]

Goods and services are scare because the resources required to produce these goods and services are limited in supply and that is why we can't fulfill all the wants of the people, which results in Scarcity to arise. In economics the basic economic problem arises because resources are limited and wants are unlimited and therefore everyone cannot have what they need and that is why we have a connection with opportunity cost. We need to sacrifice or forego the items we can't have and therefore with the economic problem of scarcity, opportunity cost arises. If we can satisfy everyone's wants, then there is no question about having scarce resources.

8 0
3 years ago
Read 2 more answers
Other questions:
  • A logo and/or the business or organization's name generally appears at or near the ____ corner of a webpage to help visitors ide
    11·1 answer
  • Which of the following is true about checks?
    7·1 answer
  • A code that governs our behaviors in any certain situation is known as our code of what?
    12·2 answers
  • The term full employment implies an unemployment rate of:
    7·1 answer
  • Rising prices for raw materials, the increasing availability of recycling facilities, and a move toward increased environmental
    11·2 answers
  • Veronica Gilbert is an accountant for a surf shop that is expanding their retail store locations. Her supervisor has assigned he
    9·1 answer
  • Businesses are using​ ________ development to create applications for shopping​ carts, user​ authentication, search​ engines, an
    6·1 answer
  • Gabby and Gus Malloy recently got preapproved on a loan for their first house purchase. They are speculating on how much they sh
    8·1 answer
  • Most labor economists believe that the supply of labor is a. less elastic than the demand, and, therefore, firms bear most of th
    14·1 answer
  • The plaintiff and the defendant entered into a three-year contract in which the defendant would be the sole supplier of steel pa
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!