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
belka [17]
3 years ago
14

Income elasticity of demand is

Business
2 answers:
topjm [15]3 years ago
5 0

Answer: Answer is A.

Explanation:

coldgirl [10]3 years ago
3 0

Answer: Option (a) is correct.

Explanation:

Income elasticity of demand measures the responsiveness of quantity demanded with change in the income level of an individual.

Income\ elasticity\ of\ demand=\frac{percentage\ in\ quantity\ demanded}{percentage\ change\ in\ income}

Income of an individual has a positive relationship with the demand for normal goods and has a negative relationship with the demand for inferior goods.

You might be interested in
According to Platinum Rule Behavioral styles, a Thinking (T) individual prefers to make decisions based on:
prisoha [69]

Answer:

B) Thoughts anf Facts

Explanation:

U 2 can help me by marking as brainliest.........

7 0
2 years ago
What are the limitations of gdp and gnp
shutvik [7]

The limitations of GDP. GDP is a useful indicator of a nation's economic performance, and it is the most commonly used measure of well-being. However, it has some important limitations, including: The exclusion of non-market transactions.

7 0
3 years ago
Read 2 more answers
when sending a claim to the insurance company for services provided by the physician why are both ICD-10 and CPT codes required
SSSSS [86.1K]

When a patient receives services from a licensed doctors, these services are recorded and assigned codes by the medical coder. ICD codes are used for diagnoses, while CPT codes are used for various treatments. The summary of these services, through these code sets, make up the bill. Medical Claim Billings are rejected when Diagnostic code (ICD-10 code) and procedure code (CPT code) are missing, not complete, or do not match to the treatment given by the physician.

8 0
3 years ago
All of the following are true about time series methods EXCEPT a. they discover a pattern in historical data and project it into
motikmotik

Answer:

B. they involve the use of expert judgement do develop forecasts

Explanation:

A time series is a series of events that is spaced equally in time. It is a statistical technique used to identify a time based trend of events and them make forecast using data from the trend/time series.

Time series requires certain processes which include discovering of a pattern in the historical data, projection of the historical data into the future, assumption that the pattern will remain the same(constant) as the time goes by, etc.

In time series method, since historical data is the point of reference for making a forecast, no expert judgements is required to develop forecasts. This is because once the data of the series from the past has been taken and a trend/pattern has been identified, that becomes the basis for future forecasts.

Cheers.

8 0
3 years ago
HealthStore Inc. provides a broad and diverse range of services for the healthcare industry. It also manufactures a variety of h
Cerrena [4.2K]

Answer:

Global product division Structure

Explanation:

A global product division structure is a form of structure that encompass the functions important to each goods or services a product/service division produce. It is the situation whereby domestic divisions are allowed to take global responsibility for product groups. The product lines from around the world are managed from home country based product division. They are part of a global organizational structure when the basic division of the firm's activities is based on product/service categories.

3 0
3 years ago
Read 2 more answers
Other questions:
  • What is a check endorsement?
    8·2 answers
  • If improvements occur with any of the four factors of production what occurs with the real output?
    14·1 answer
  • If the secular trend of labor productivity rises from 2 percent per year to 4 percent, the number of years that it will take for
    13·1 answer
  • Strassel Investors buys real estate, develops it, and resells it for a profit. A new property is available, and Bud Strassel, th
    11·1 answer
  • Ramiro Company purchased 40% of the outstanding stock of Marco Company on January 1. Marco reported net income of $90,500 and de
    15·2 answers
  • What role does a project manager in an e-learning program play? bringing content to life and making it accessible tracking progr
    5·1 answer
  • Which of the following would not be provided to entrepreneurs through a business incubator?
    8·1 answer
  • Which of the following is NOT a common feature of a
    5·1 answer
  • What is liberalisation? ​
    10·1 answer
  • a company that manufactures general-purpose transducers invested $2 million 4 years ago in high-yield junk bonds. if the bonds a
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!