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3 years ago

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.

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Serhud [2]

Answer:

C) raise her deductible from $250 to $1,000

Explanation:

If Donna starts to drop all her coverages, then she will not only pay less, she wouldn't any insurance to cover her.

If she really needs to lower her insurance costs, the best way to do it is to raise her deductible. That way she will still be covered, but she will need to put more money in case of an accident. To be honest, generally car accidents cost thousands, and increasing the deductible from by $750 is not really that much compared to what an insurance policy covers.

The deductible is the amount of the insurance claim that must be paid by the insured, the rest is paid by the insurance company.

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3 years ago

Dividends cause a(n) increase/decrease)_________ in equity and are recorded directly in

Artyom0805 [142]

Answer:

Decrease (debit) in equity, Cash Dividends Payable (credit, liability account)

Explanation:

The journal entry to record the declaration of the cash dividends involves a decrease (debit) to Retained Earnings (a stockholders' equity account) and an increase (credit) to Cash Dividends Payable (a liability account).

(opentextbc.ca)

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3 years ago

Which of the following should employers do to actively prevent workplace hazards? A. Completely eliminate all possible hazards.

wlad13 [49]

Your answer is D hope this helps

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svetlana [45]

Answer:

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3 years ago

Select the correct answer. Which form of relativism states that people rely on their own standards of right and wrong when makin

Sladkaya [172]

E. Naive relativism

Explanation:

Naive relativism is based on the belief that humans ha e a deep seated view of what is right and what is wrong and can judge things by their own standards and make a decision.

These decisions are thus treated as truth derived from one's own self by the person who is concerned.

Naive relativism means that people also project their sense of right and wrong over others and sort of treat it as if it is universal.

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3 years ago