Answer:
Buy 7% less houses
Explanation:
Income elasticity of demand measures the responsiveness of quantity demanded to changes in income
Income elasticity of demand = percentage change in quantity demanded/ percentage change in income
1.40 = percentage change in quantity demanded/ 5%
Percentage change in quantity demanded = 1.4 × 5% = 7%
Because the coefficient of elasticity is greater than one, it means demand is income elastic. This means quantity demanded is responsive to changes in income. A fall in income would reduce the quantity demanded.
I hope my answer helps you
Answer:
a. Sue told her employees the department needed 12% more sales this year than last and they would be contacting at least four new customers each week
Answer:
If the Japanese yen appreciates against the U.S. dollar,
a. Japanese businesses gain by a decrease in the dollar price of exports to the United States.
b. Japanese consumers gain by a decrease in the yen prices of U.S. exports to Japan.
c. Japanese consumers lose by an increase in the yen price of U.S. exports to Japan.
d. U.S. consumers gain by a decrease in the dollar price of Japanese exports to the United States.
Answer:
Mineral's right is a profit.
Explanation:
- Profit would be the proportion of net income which always significantly increases the expenditure for the time frame.
- In other phrases, this same amount of income decided to leave over even after all the appropriate and sometimes even matched perfectly expenses incurred have been rounded down again for the duration.
The answer is "management companies".
<span>Hotel companies are increasingly opting for management companies.....
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An management company refers to a company who owns or possesses the regular zones of a multi-unit advancement and keeps up them for the benefit of all the property proprietors. A multi-unit advancement involves houses, lofts or a blend of both. The regular zones incorporate the auto stop, green spaces, mutual foyers and passages in the apartment blocks. The proprietors of property in the advancement progress become members of the administration organization and might be chosen as chiefs.