Answer:
Necessity Goods : Income Inelastic (< 1)
Luxury Goods : Income Elasticity ( > 1)
Explanation:
Elasticity is responsiveness of demand change to price change . Formula : - % change in demand / % change income
Normal goods have positive income elasticity, i.e. demand increase with income rise & decrease with income rise .
Necessity good's demand responds less to income change & is income inelastic ( < 1 ), % change in demand < % change in price .
Eg : Medicines
Luxury good's demand is more responsive to income change & is income elastic ( > 1) , % change in demand > % change in price .
Eg : Luxury Cars
The answer is negative and positive acceleration
Answer:
Yes ,I support this statement that if the citizens of a country are good,the country will prosper.............................................'
Answer:
8 billion
Explanation:
7.9 billion but when you round 8 billion.
I believe the answer is: bioPsycological
Biopsychological perspective on depression generally view that depression could be influenced by both biological and mental factors. We can see it on the example above. Abnormal brain chemistry is the biological factors and not maintaining diet properly is the psychological factor.
