Well when you're actually in a business you'll be writing reports, emails, things you've got to communicate through with people. You want to make sure you know what you need to be including in any business writing. If you give someone the wrong lead it could affect the business or something even more improving your business writing lets you learn how not to mess up those things, what words to use etc.
The answer is basically so you're able to understand and communicate with people in your business and have correct notes or reports to make your business better.
Answer:
-1.48
<u>Inferior Good,</u> as their quantity demanded decreases as the income of the consumers increases.
C. Greater than 1
As to be a normal good, the income elasticity should be positive. Then, when betwene 0 and 1 this is a necessary good used for the consumer to met their normal living standard
While above 1, menas their expense is more than proportional than income thus, it increases as the income increases more than proportionally that represent a luxury good.
Explanation:
To solve for the income elasticity we divide the variation in quantity over the variation in price:
-37/25 = -1.48
Answer:
A real account is a publicly generalized account that does not close at the end of the considered year. Apparently, the balances in real accounts are carried over to become the start of balances of the next period. Real accounts are also permanent accounts.
Unemployment rate is 8.3%
participation rate is 60%
Answer:
He will be less likely to spend on scones.
Explanation:
Understanding the spending pattern requires to understand the factors involving in purchasing.
- Income: Some people live tightly, and for that they have to cut down their expenditures and that affects their spending. Jose will not have much issues although buying scones because they will not be expensive, so this relationship is negative.
- Substitution: This will probably affect the the spending of Jones on scones because he used to buy both together, and if he stops spending on coffee he will not buy scones as well.
