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vlabodo [156]
3 years ago
9

If the income elasticity for breakfast cereal is 0.6, and incomes increase by 10%, the demand for breakfast cereal will _____ by

_____%. Please choose the correct answer from the following choices, and then select the submit answer button. Answer choices decrease; 6 increase; 6 decrease; 12 increase; 12
Business
1 answer:
uranmaximum [27]3 years ago
7 0

Answer:

the quantity demanded for cereals will increase by 6%

Explanation:

as the consumer increase their consumption base on a higher income, a 10% increase in the consumer income will translate to a 6% in the quantity of cereals. That's because we know that:

Δcereals / Δincome  =  income elasticity

Δcereals / 10% = 0.6

Δcereals = 10% x 0.6 = 6%

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According to the circular flow model, which of the following is notprovided by consumers?
andreev551 [17]

consumers don’t provide land

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3 years ago
An example of a discretionary fixed cost would be: Group of answer choices Taxes on the factory. Depreciation on manufacturing e
asambeis [7]

Answer:

Research and development

Explanation:

Fixed cost is cost that does not vary with output. It is cost that is incurred regardless of the units of output produced

Discretionary fixed cost is cost that is incurred at the discretion of the management of a company.

A company can decide to undertake research and development or not to. So, it is an example of discretionary fixed cost

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3 years ago
A communication plan is a key component for giving guidelines on how to track project:________a. Issues.b. Costs.c. Defects.d. B
AfilCa [17]

Answer: a. Issues

Explanation:

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3 0
4 years ago
The Board of Governors of the Federal Reserve a. members are appointed to four-year terms by the President and confirmed by the
Digiron [165]

Answer:

Option  B

Explanation:

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6 0
3 years ago
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boyakko [2]

Answer:

C. Michael

Explanation:

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When a person gives positive feedback on coworkers they are more relationship oriented and get a high LPC score.

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Michael is the best option with middle LPC score.

7 0
3 years ago
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