Answer:
A) normal; elastic
Explanation:
As we know,
1. Perfectly inelastic = When elasticity is zero
2. Inelastic = When elasticity is below than one
3. Unitary elastic = When elasticity is equal to one
4. Elastic = When elasticity is above than one
5. Perfectly elastic = When elasticity is in infinity
And, the income elasticity of demand would equal to
= (Percentage Change in quantity demanded) ÷ (Percentage Change in income)
= (10%) ÷ (5%)
= 2%
As we see that the income elasticity of demand is more than one which represents the elastic plus in normal good it shows a positive relationship between the income and quantity demanded and the elasticity also comes in positive.
Structure will give employees more clarity, help manage expectations, enable better decision-making and provide consistency.
Answer:
Explanation:
As a friend of Mr. Greco I will advise him to try out the special needs plan because it will help him cut cost and reduces his spending on health at same time receiving the best Medicare service at lower cost. Giving him the opportunity to invest his income in other things.
Answer: A stable government is necessary for the health of the country and its people.
Explanation: the correct answer is C.
