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kozerog [31]
2 years ago
14

Suppose the demand for roses increases from 500 to 600 stems when income rises from $10,000 to $20,000. Income elasticity for ro

ses is:__________
Business
1 answer:
Readme [11.4K]2 years ago
3 0

Answer:

Demand   Income    % Δ in Demand    % Δ in Income   Elasticity

500            10000

600            20000          18.18%                  66.67%             0.2727

The formula for midpoint elasticity = ((600-500)/((600+500)/2))/((20000-10000)/((20000+10000)/2)) = 0.2727

As the elasticity value is 0.2727 is less than 1, the good is slightly elastic and the good is normal good as the demand increases with the increase in income.

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Answer:

A. Heidi submitted her request after Fay

Explanation:

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7 0
3 years ago
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Answer and Explanation:

The computation of the official unemployment rate is shown below:

Official unemployment rate is

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= 9.05%

Now for the U-4 is

= (Unemployed workers + discouraged workers) ÷ (Unemployed + employed + discouraged workers) × 100

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= 9.64%

Therefore for exclduing the discouraged workers it may cause the offical rate to understate the underemployment true extent

4 0
2 years ago
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Free_Kalibri [48]

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8 0
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The answer is B, your employer:)
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