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SSSSS [86.1K]
3 years ago
5

The difference between price elasticity of demand and income elasticity of demand is that A. income elasticity measures the resp

onsiveness of income to changes in supply while price elasticity of demand measures the responsiveness of demand to a change in price. B. income elasticity refers to a horizontal shift of the demand curve while price elasticity of demand refers to a movement along the demand curve. C. income elasticity refers to the movement along the demand curve while price elasticity refers to a vertical shift of the demand curve. D. income elasticity of demand examines how an​ individual's income changes when prices change and the price elasticity of demand examines how quantity demand changes when price changes.
Business
1 answer:
nikdorinn [45]3 years ago
6 0

Answer:

The difference between price elasticity of demand and income elasticity of demand is that income elasticity of demand examines how an​ individual's income changes when prices change and the price elasticity of demand examines how quantity demand changes when price changes.

Income elasticity of demand is the measures of the demand of a good or a service in response to the change in income. Whereas the price elasticity of demand refers to the change in the desire to buy a product with an increase in its price.

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A ____________ is generally priced at a flat rate and allows software to be used on all computers at a specific location.
Elena-2011 [213]

The answer to this question is a site license. A site license is a type of software license where in the user is allowed to install a software to a several number of computers and use the software in a particular / specific site through a network. The software licensing is another term used for site license.

3 0
3 years ago
The government of country A has determined there is a coal shortage based on mining reports. As a result of these data, the gove
Gekata [30.6K]

The answer is: allocate resources.

Resource allocation refers to the act of managing the usage of assets that we own in order to achieve our goal.  In order to deal with a shortage, the common strategies that the government use usually revolve around either reducing the consumption of that commodity, reducing export, increasing our own production or increasing the purchase of that resource from other countries.

4 0
2 years ago
Read 2 more answers
The leader-member exchange model (LMX)a. is based on subordinate contributions and leader inducements.b. clarifies the role of c
Reika [66]

Answer: Option C

 

Explanation: As per the leader- member exchange model,  the relationship between the senior and subordinate is based on the honesty and truth and extends beyond the employment relations.

This model is often used by the organisations that gives high importance to the employees and tries to maintain healthy relationships and positive environment within the workplace.

Hence from the above we can conclude that the correct option is C .

3 0
2 years ago
Calculate free cash flow for 2017 for Monarch Textiles, Inc., based on the financial information that follows. Assume that all c
ozzi

Answer:

See below

Explanation:

Computation of free cash flow for Monach textiles, 2017

EBIT = EBT + Interest expense EBIT

EBIT = $408 + $50

EBIT = $458

Tax rate = Tax / EBT

Tax rate = $163.20 / $408

Tax rate = 0.4 = 40%

Operating cash flow = EBIT × (1 - Tax rate) + Depreciation - Change in net working capital - Capital expenditure

= $458 × (1 - 0.4) + $82 - ($640 - $360) - ($460 - $280)

= $274.8 + $82 - $280 - $180

= $274.8 + $92 - $100

= $256.8

5 0
2 years ago
Suppose the price level reflects the number of dollars needed to buy a basket of goods containing one cup of coffee, one donut,
Ahat [919]

Answer:

1. B) Deflation

2. A)-10.00%

3. D) 8 

4. E) 8.89 baskets.

5. (A) Rises

Explanation:

Deflation is a fall in general price levels. When deflation occurs, the value of money increases: The purchasing power of money increases.

The deflation rate = ( this year price level - last year's price level ) / last year's price level

Deflation rate =( $9 - $10) / $10 = -10%

In the previous year, $80 would purchase $80 / $10= 8 baskets

This year, $80 would purchase $80 / $9= 8.89 baskets

Inflation is a rise in the general price levels.

I hope my answer helps you

8 0
2 years ago
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