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Tasya [4]
3 years ago
14

When income increases from $2800 to $3600 per month, quantity demanded of Good G decreases from 1,200 units to 800 units. What i

s the income elasticity of demand for Good G?
Business
1 answer:
Paladinen [302]3 years ago
7 0

Answer:

The income elasticity of demand for Good G is 1.17

Explanation:

Income elasticity of demand = % change in quantity demanded ÷ % change in income

% change in quantity demanded = (1200-800)/1200 × 100 = 400/1200 × 100 = 33.33%

% change in income = (3600-2800)/2800 × 100 = 800/2800 × 100 = 28.57%

Income elasticity of demand for Good G = 33.33% ÷ 28.57% = 1.17

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Which option in a webmail program allows you to type a new message? The option allows you to create a new message. NextReset
mixas84 [53]

Answer:

The "compose" or "draft" option allows you to type a new message.

3 0
3 years ago
How do value chains determine business processes and its​ structure??
KatRina [158]
Business processes implement value chains or portions of value chains. Each value chain is supported by one or more business process. The information systems are then implemented in order to make the operation <span>run smoothly and productively.</span>
5 0
3 years ago
An investor purchases a stock for $52 and a put for $0.60 with a strike price of $50. The investor sells a call for $0.60 with a
Nutka1998 [239]

Answer:

Maximum profit = $6

Maximum loss = -$2

Explanation:

The computation of maximum profit and loss for this position is shown below:-

Maximum profit = Strike price - Purchase of stock

= $58 - $52

= $6

Maximum loss = Strike price - Purchase of stock

= $50 - $52

= - $2

Therefore for determining the maximum profit and loss for this position we simply applied the above formulas.

6 0
3 years ago
g Samco signed a 5​-year note payable on January​ 1, 2018​, of $ 475 comma 000. The note requires annual principal payments each
Tanya [424]

Answer:

B. a debit to Interest Expense for $ 42 comma 750.

C. a credit to Cash of $ 137 comma 750.

Explanation:

Payment of Note Payable includes the payment of interest on the outstanding balance and principal amount of the note. In this question it is the first payment of the note payable, so the outstanding balance is the face value of the note, Interest is calculated using this value, A fix payment of $95,000 is also made.

As per given data

Principal Payment = $95,000

First Interest payment = $475,000 x 9% = $42,750

Total Payment = $95,000 + $42,750 = $137,750

Journal Entry for first payment

Dr. Interest Expense $42,750

Dr. Not Payable         $95,000

Cr. Cash                     $137,750

6 0
3 years ago
If in the past Congress had taken additional actions to make saving more rewarding, then today it is likely that the equilibrium
posledela

Answer:

C

Explanation:

In this question, we are looking at what would be the later effect of the Congress taking steps to make sure that there is an increase in the amount of returns on savings for example, say the amount of interest rate on saved money is increased.

What will happen in this case is that the equilibrium interest rate would be lower while the equilibrium quantity of loanable funds will be higher. What he meant by the equilibrium interest rate is that it is the interest rate at which the amount of money demanded is equal to the amount of money supplied.

Due to the legislation by congress, it is expected that more money would be supplied in terms of bank deposits as people would want to make a higher profit off the legislation. The effect of this is that the equilibrium interest rate will be lower as its balance would have been upset my the availability of more deposits and less demand.

We also say that the equilibrium level of loanable funds will be higher. This is because there would be more money present in the vaults of the bank as savings have been encouraged and people are expected to fill the bank with more money. This thus means the bank has more money to throw around via loans as there is an increase in the amount of savings. This surely would drive up the equilibrium quantity of loanable funds

5 0
3 years ago
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