1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
pychu [463]
3 years ago
6

Suppose income increases by 25 percent​ and, as a​ result, the quantity of a particular brand of automobile demanded​ (holding t

he price for this particular automobile​ constant) increases by 49 percent
The income elasticity of demand for this brand of car is ____​(Enter your response rounded to two decimal places and include a minus sign if​ appropriate.)

This particular brand of automobile is​ a(n) _____ good

In another​ example, suppose market research shows that a particular brand of truck is a normal good and a luxury.

If​ so, then the income elasticity of demand for this truck is:
1. Less than 1 but greater than 0
2. Negative
3. Greater than 1
4. Positive
5. Zero
Business
1 answer:
arsen [322]3 years ago
8 0

Answer:

(a) <u><em>normal</em></u>

<em>1.</em><u><em> Less than 1 but greater than 0 </em></u>

Explanation:

<em>Estimating demand elasticity of income is the percentage change in demand quantity divided by a percentage change in income.  </em>

Therefore, for a normal good, its demand's income elasticity would be positive.

In this scenario the demand income elasticity is <em>1/25 = 0.4. </em>

So here the truck is indeed a normal good because the value is positive.

You might be interested in
Who must make the determination to cancel an invitation for bids after bid opening?a.Contracting officerb.Chief of the contracti
Lesechka [4]

Answer:

c.Head of the contracting activity

Explanation:

6 0
3 years ago
You purchased a stock at a price of $46.55. The stock paid a dividend of $1.79 per share and the stock price at the end of the y
Mama L [17]

Answer:

3.84%

Explanation:

Calculation for dividend yield

Using this formula

Dividend Yield(%) = D / P0

Where,

D=$1.79

P0=$46.55

Let plug in the formula

Dividend Yield(%) =$1.79/$46.55

Dividend Yield(%) =0.0384*100

Dividend Yield(%) =3.84%

Therefore the dividend yield will be 3.84%

4 0
3 years ago
What are the fundamentals of a wealthy life?
Alenkinab [10]

Answer:

  • Avoiding debt.
  • Budgeting properly.
  • Setting short-term and long-term goals.
  • Investing in yourself.
  • Diversifying your assets.
  • An understanding of risk and reward

8 0
3 years ago
Read 2 more answers
Managerial accountants:
Lorico [155]

Managerial accountants provide managers within the organization with reports to make good business decisions.

<h3>Who are Managerial accountants?</h3>

They are account managers, they help a company to manage the financial account and hep to make decisions based on the trend on the account.

They also hep perform various task that is associated with the account.

Therefore, Managerial accountants provide managers within the organization with reports to make good business decisions.

Learn more on managerial accounting here,

brainly.com/question/25161518

#SPJ1

8 0
2 years ago
RT is about to loan his granddaughter Cynthia $10,000 for 1 year. RT’s TVOM, based upon his current investment earnings, is 12%,
qaws [65]

Answer:

They should not be able to successfully negotiate the terms of this loan within these parameters.

Explanation:

It has been provided that RT earns 12% on his current investments and would not like to receive an interest rate of less than 12% on the loan he gives.

if RT gives a loan of $10,000 for one year, he would charge an interest rate of minimum 12%.  

Interest = $10,000*0.12

             = $1,200

RT requires $1,200 in interest.

It has been provided that Cynthia earns 8% on her investment.

If she borrows $10,000 and invests the amount for one year, she can earn 8% return on such amount.  

Earning = $10,000*0.08

             = $800

Cynthia is going to earn $800

RT requires a minimum of $1,200 as interest for 1-year loan he gives while Cynthia can pay a maximum of $10,000 as interest for 1-year loan she takes. there is mismatch between the minimum expectation to receive of lender and the maximum expectation to pay of borrower.

Therefore, They should not be able to successfully negotiate the terms of this loan within these parameters.

6 0
3 years ago
Other questions:
  • A magician's goal is to get the audience to focus on one aspect of his demonstration while he manipulates another. this is easy
    9·1 answer
  • The mass of the box is 5kg (the mass center is located in the middle of the box), the mass of a lower arm plus a hand is 1.5 kg
    8·1 answer
  • Early in 2017, Sheryl Crow Equipment Company sold 500 Rollomatics during 2017 at $6,000 each. During 2017, Crow spent $20,000 se
    14·1 answer
  • Which of the following statements correctly describe a contemporary approach to create the Work Breakdown Structure (WBS) for a
    10·1 answer
  • When a firm uses a mathematical model to identify the price at which the firm will make the most money possible, it is implement
    10·1 answer
  • A 6.75 percent coupon bond with 26 years left to maturity can be called in six years. The call premium is one year of coupon pay
    11·1 answer
  • Line workers at a Virginia steel mill developed a new process that made the line safer. It went through only one level of manage
    15·1 answer
  • If a c corporation is formed on January 1, 2013 what date can it be incorporated?
    5·1 answer
  • How is this possible
    11·1 answer
  • Under what conditions do you think extraverts make more effective leaders than introverts? What unique abilities of introverts c
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!