Answer: On agriculture, textiles, and automobiles.
Explanation:
Answer:
The answer to this question is b. Yours will be positive and your roommate's would be negative.
Explanation:
Income elasticity of demand is the degree of responsiveness of demand to changes in income. In other words, it measures how changes in income of consumers will affect the quantity of commodities demanded by such consumers.
An income elasticity of demand can be positive or negative.
It is positive, when an increase in income leads to an increase in the quantity demanded by the customer. However it is referred to as negative when an increase in income leads to decrease in the quantity demanded by the consumer.
In the question above, it can be seen that the increase in income of the first person brought about increase in the commodity demanded thereby making his income elasticity of demand positive. one the other hand, the increase in the income of his roommate, brought about decrease in his demand which translate to the fact that his income elasticity of demand would be negative.
Hence the answer given.
By the end of the nineteenth century, the United States banking system transitioned from bimettalism to flat greenback currency.
Bimetallism involves the use of gold and silver as a form of legal tender. The worth of the quantity of the gold and silver is usually presented as a form of exchange to buy the equivalent of the goods and services.
The change was done close to the civil war and this helped to stabilize the economy as the silver coinage was exempted thereby giving rise to displeasure of people who had Silver. The aim of this change was achieved as inflation was stopped.
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The type of strategy the enterprises uses to earn a reputation for reliability, customer service, and a reliable product is corporate reputation.
This is a strategy that corresponds to the level of trust that a company develops in the market for its stakeholders, determined by its past actions to build a reputation that will also support its future actions.
A company with a good reputation in the market is more likely to generate greater loyalty from suppliers and customers, achieving greater competitiveness and profitability in the business.
To build corporate reputation it is necessary that organizational processes are based on:
- Credibility
- Responsibility
- Honesty
- Quality
- Safety
- Reliability
Corporate reputation creates value for a company through its products and services, and is essential for a company to be successful in the competitive business environment.
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