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liq [111]
4 years ago
15

What is income elasticity onlyy

Business
1 answer:
Lina20 [59]4 years ago
8 0

Income elasticity of demand measures the receptiveness of the quantity demanded for a good or service to a change in income.

It's calculated as the ratio of the percentage change in quantity demanded to the percentage change in income.

Explanation:

Hope this helps!!

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In recent years debit cards have become popular. Debit cards allow the holder of the card to pay a merchant for gods and service
enyata [817]

Answer:

Debit cards are assigned to checking accounts, and since they have become more popular, the amount of currency in the economy has decreased while the amount of checking account deposits has increased.

Explanation:

Actual currency (bills and coins) and checking accounts are part of the M1 category of the money supply, since both are considered completely liquid.

3 0
4 years ago
Zach is a franchisee with Digger's Doggies, a chain of hotdog shops. He was doing well until several other Digger's Doggies fran
inessss [21]

Answer:

The correct answer is letter "C": the coattail effect.

Explanation:

The coattail effect is a term mainly used in <em>Politics </em>that describes a situation in which a candidate running for an office and who is usually at the top of preference helps to attract voters for other candidates. In economics, the term might have a negative connotation. It implies businesses that belong to the same industry dragging each other to failure because of other factors rather than competition.

7 0
3 years ago
For each situation described here, determine the type of unemployment:(a) steelworkers losing their jobs due to outsourcing.
topjm [15]

Structural unemployment. This type of unemployment is the result of changes in industries and reorganization, typically as the result of technology or outsourcing for lower costs.

5 0
3 years ago
Kalim developed a new food product that he was certain would be popular with consumers. He researched his target market and made
Ket [755]

<u>A. By conducting a focus group before launching the product</u>


Pricing in the business world is very delicate. People will always tend to go for the cheapest product if they aren't loyal to a specific brand. So, when you are starting a business, it is extremely important to focus on pricing. Your prices have to be low enough for people to buy them, but high enough to break even and make a profit.

A focus group would have assisted Kalim in finding the best price for his product. By conducting this, the group would have told him exactly what they would pay for something like his product. However, the damage done is not permanent. He should now lower the prices or conduct a focus group to find out the best price for his food.

7 0
4 years ago
Read 2 more answers
What was the trade discount rate if merchandise with a list price of $14,200 was sold at a net price of $9,940?
Marianna [84]
30% off. 14,200 multiplied by 0.7 equals 9,940. 1.0 - 0.7 = 0.3
6 0
4 years ago
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