Answer:
Income elasticity = 2
Normal good
Explanation:
Below is the given values:
Percentage decrease in consumers income = 10%
Percentage decrease in quantity demanded = 20%
Use the below formula to find the income elasticity:
Income elasticity = % change in quantity demanded / % in income
Income elasticity = -20/-10
Income elasticity = 2
Since the elasticity is 2 that means good is normal good.
Answer:
A. a computer programmer who starts her own software Company
Explanation:
Entrepreneurship is the process through which new businesses are started. An entrepreneur is a person who takes risks by committing their time and resources to start a business.
The computer programmer is the entrepreneur in this case. She is starting a new software business. Other than her computer skills, she will need to be creative and innovate to develop products that will appeal to customers. She will take all risks of her new business but also stand to enjoy its success.
You want your hand to "give" a bit when you catch the ball. You don't want want the ball to come to a hard stop because that would risk hurting your hand.
Answer: B. consumers who read, hear, or see the message sent by a source during the communication process.
Explanation: Marketing messages receivers as those consumer who will received the marketing messages either by reading it, hear it or see it through a source channel.
These receivers need not to interpret it with their beliefs or promote the message, the aim objective in marketing messages is that receivers gets the message.
