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
Mazyrski [523]
3 years ago
9

A 10 percent increase in income leads to a 15% decrease in the quantity of macaroni and cheese demanded but no change in the pri

ce of macaroni and cheese. From this information, we can assume: A 10 percent increase in income leads to a 15% decrease in the quantity of macaroni and cheese demanded but no change in the price of macaroni and cheese. From this information, we can assume:_______.
a. macaroni is a normal good and price elasticity of demand is greater than 1.
b. macaroni is an inferior good and price elasticity of supply is equal to zero.
c. macaroni is an inferior good and price elasticity of supply is infinite.
d. macaroni is an inferior good and price elasticity of demand is less than.
Business
1 answer:
pychu [463]3 years ago
6 0

Answer:

macaroni is an inferior good and price elasticity of supply is infinite.

Explanation:

An inferior good is a good whose demand increases when income falls and falls when income increases.

A normal good is a good whose demand increases when income rises and decreases when income falls.

Price elasticity of supply measures the responsiveness of quantity supplied to changes in price.

Price elasticity of supply = percentage change in quantity supplied / percentage change price

Percentage change in quantity supplied = not given

Percentage change in price = 0 (because the question states that there was no change in price)

Any figure divided by zero gives infinity.

I hope my answer helps you

You might be interested in
Which economic goal is a major one of command economies?
pickupchik [31]

Answer:

the answer is equity.

Explanation:

the social equity in resource allocation and distribution is the main concern of an command economy. The entire "command" function is there for this purpose. Opposing to the market system, in which the efficiency of the market is of primary concern, the command system argues that while following to achieve the maximum market effeciency, these economies miss out on the fainress and unbiasedness in economic benefit destribution and therefore creates many social problems such as poverty, rich and poor gap, etc as a result.

The command economy tries to overcome this problem of Equity in market economies.

4 0
3 years ago
In addition to the consumer product safety commission, the two federal agencies that play the most active role in protecting the
Ad libitum [116K]

In addition to the consumer product safety commission, the two federal agencies that play the most active role in protecting the public from unsafe products are the Treasury Department, the Commerce Department, and the Office of the U.S. Trade Representative.

The U.S. Consumer Product Safety Commission is an independent federal regulatory agency that was created by Congress in the Consumer Product Safety Act. The Consumer Product Safety Commission protects the public from unreasonable risks of serious injury or death from thousands of types of consumer products under its jurisdiction, including products that pose a fire, electrical, chemical, or mechanical hazard or can injure children.

Enforcing standards and issuing recalls or repair orders when necessary. Conducting independent research on potential hazards. Responding to consumer inquiries and complaints regarding specific products.

Learn more about federal agencies there:- brainly.com/question/9354369

#SPJ4

5 0
10 months ago
Which of the following is true of normal shortages? They do not include theft and shrinkage. These goods are no longer available
never [62]

Answer:

<h2>The correct answer here would be the 1st option given in the answer choices or options or They do not include theft and shrinkage.</h2>

Explanation:

  • From a business standpoint, normal shortages basically indicate comparatively lower inventory availability of goods and services based on their consumer demand or respective sales orders by consumers or buyers.
  • Normal shortage implies that the amount or units goods and services available to the company or firm is not sufficient to fulfill the required consumer or buyer demand for those commodities or services.However,while calculating or computing normal shortage, any unwanted thefts and shrinkage or inadvertent damages of the concerned commodities or goods are not usually considered.
7 0
3 years ago
Late one night, while studying for your anatomy class, you open a box of saltine crackers to do a little snacking. after chewing
OLga [1]
<span>Salivary amylase in your saliva breaks down the starchy morsel as you chew. The starch breaks down into maltose that accounts for the sweet taste in your mouth.</span>
6 0
3 years ago
Fishing versus Boat Building. Half the members of a fishing tribe catch 2 fish per day and half catch 8 fish per day. A group of
marta [7]

Answer:

Tbh idk the answer im soo sorry.

Explanation:

4 0
3 years ago
Other questions:
  • For teachers involved in gifted education programs one of the key tasks to accomplish is
    13·1 answer
  • If the federal government or a state government brings a criminal lawsuit against a defendant for the alleged commission of a​ c
    11·1 answer
  • Sarah can study 20 pages per night. each page has three homework problems. if she studies for 3 nights how many homework problem
    13·1 answer
  • Harold, a delivery man, washes and irons his own shirts. Sarah, his boss, sends her clothes to a laundry. Which is the most plau
    5·1 answer
  • Hope Springs needs tablet computers that are fast, include 24/7 tech support, and include a generous volume discount. These crit
    13·1 answer
  • If the absolute value of the price elasticity of demand for a good is .75, the demand for that good is described asa. normal.b.
    6·1 answer
  • On january 1, salow company enters into a contract to provide custom-made equipment to byhi corporation for $100,000. the contra
    14·2 answers
  • Admitting New Partner With Bonus Cody Jenkins and Lacey Tanner formed a partnership to provide landscaping services. Jenkins and
    15·1 answer
  • WRITE A IMPORTANT SENTANCE ABOUT EACH PARAGRAPH AND NUMBER IT PLS AND ILL GIVE YOU BRAINLIEST....DONT RESTATE THE SENTANCES
    15·1 answer
  • Current profit Blank______ and target Blank______ are two strategies used by firms that are pursuing a profit pricing objective.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!