Answer:
The answer is C
Step-by-step explanation:
Answer:
the third one and the last one is correct
Step-by-step explanation:
we already know the second one is wrong because of it's set up.
just replace the points (-1,7) into each equation. if it doesn't work then move on to the next one. if it does work, then use that same equation except this time to the coordinates (2,4)
Answer:
Yes
Step-by-step explanation:
Linear means a line, and x is not squared or anything in this equation. If you were to graph it, it would be a line.
Answer:
B) measures of variability
Hope this helped :)
Answer:
-2; Inferior good
Step-by-step explanation:
Given that,
Initial Quantity = 10 boxes
New Quantity = 8 boxes
Percentage increase in Sally's income = 10%
Change in consumption:
= 8 boxes - 10 boxes
= - 2 boxes
Percentage change in quantity demanded:
= (Change in quantity demanded ÷ Initial quantity) × 100
= (-2 ÷ 10) × 100
= - 20%
Therefore,
Income elasticity of demand:
= percentage change in quantity demanded ÷ Percentage change in income
= - 20% ÷ 10
= -2
Inferior goods are generally have a negative income elasticity of demand which means that an increase in the income of the consumer will lead to reduce the quantity demanded for inferior good and vice versa.
Hence, the good is a inferior type of good.
