Answer:
eY is positive +0.1 therefore bagels are a normal good.
Step-by-step explanation:
Given data:
when, 10% rise in cheese price, 3% fall in bagels quantity observed
when, 10% rise in income, 1% fall in bagels quantity observed
from formula for cross price elasticity of demand, determine
As, eAB is negative, bagels $ cream cheese are complements.
By formula for income elasticity of demand,
we find that
Since eYis positive, bagels are a normal good.
Answer:
See Explanation
Step-by-step explanation:
Answer:
The cost of per kilogram of salami is = $9.1
Step-by-step explanation:
Given:
Hailey paid $13 for kg of sliced salami.
To find cost per kilogram of salami.
Solution:
We will apply unitary method to find per kilogram cost of salami.
If kg of salami costs = $13
Then 1 kg of salami will cost in dollars will be =
In order to divide by mixed numbers, we will convert mixed numbers to fractions.
⇒
⇒
In order to divide by fractions we will take reciprocal of divisor and then multiply.
⇒
⇒
⇒
⇒
Thus, cost of per kilogram of salami is = $9.1
First page , second image is the correct answer :)