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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

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Answer:

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Explanation:

GDP = Consumption + Investment + Net exports + Private saving - National saving + Taxes

GDP = 1000 + 200 - 50 + 225 - 150 + 230

GDP = 1,455

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3 years ago
To measure system performance, companies use _____, which uses a set of standard tests on one system to compare its performance
Charra [1.4K]

Answer:

benchmark testing

Explanation:

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How do margin trades magnify both the upside potential and the downside risk of an investment position?
klio [65]

Answer and Explanation:

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trasher [3.6K]

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earning money now.

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the sooner you start working, the more money you’ll have rather than getting paid nothing while going to college.

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A $298 petty cash fund has cash of $32 and receipts of $247. The journal entry to replenish the account would include credit to
Nikolay [14]

The journal entry to replenish the petty cash account is credit to Cash for $266.

<h3>How would petty cash be replenished?</h3>

The amount that needs to be replenished is:

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This amount needs to be taken from the cash account which is why the cash account will be credited with $266.

Find out more on the petty cash fund at brainly.com/question/27585546

#SPJ1

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2 years ago
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