Answer:
no solution
Step-by-step explanation:
The income elasticity of demand for smartphones is equal to 1.41.
<h3>What is the
income elasticity of demand?</h3>
The income elasticity of demand can be defined as an economic measure of the degree of responsive of the quantity demanded for a particular good or service with respect to a change in income.
Mathematically, the income elasticity of demand can be calculated by using the following formula;
Income elasticity of demand = (Q₂ - Q₁)/[(Q₂ + Q₁)/2]/(P₂ - P₁)/[(P₂ + P₁)/2]
Income elasticity of demand = Percentage change in quantity demanded)/(Percentage change in income)
Substituting the given parameters into the formula, we have;
Income elasticity of demand = (5,250 - 4,900)/[(5,250 + 4,900)/2]/(21 - 20)/[(21 + 20)/2]
Income elasticity of demand = 6.897/4.878
Income elasticity of demand = 1.41.
Read more on income elasticity of demand here: brainly.com/question/16796931
#SPJ1
About 2.5 hours to complete the book.
17 pages* 120 sentences=2,040 sentences
2,040÷14= minutes needed
146 minutes roughly are needed .
146÷60= hours and minutes left over.
So about 2 hours and 26 minutes or 2.5 to be safe.
Hope this helps!
Answer:
10
Step-by-step explanation:
so weekly fee
25 = 3(5) +b
25=15+b
b =10
When I had these kinds of problems, I'd count how many negatives there were. If there more or less negatives to positives, then it is negative. If there's the same amount of positives and negatives, then it's positive since they cancel out! The answer to this is A. (-2)(-4)(8)(-1)=-64.