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
musickatia [10]
2 years ago
9

Income elasticity measures the:____.

Business
1 answer:
larisa [96]2 years ago
8 0

Answer:

C. Responsiveness of quantity demanded to a percentage change in income.

Explanation:

Income elasticity is defined as the responsiveness of the quantity of a good demanded by an individual as his income changes, all other factors being constant.

Mathematically it is calculated as percentage change in quantity demanded divided by percentage change in income.

Income elasticity is used to find out if a good is a necessity or a luxury good.

The demand for goods that are a necessity does not change with a change in income.

However demand for a luxury good increases as income increases and vice versa

You might be interested in
Which platform is an employment website that helps job seekers to locate new job opportunities?
VashaNatasha [74]
Do you have answer choices?
 beacause there are multiple sites out there :)
6 0
3 years ago
Read 2 more answers
When the price of a product​ changes,
balu736 [363]

C relative price » sub effect & income effect

4 0
3 years ago
As an HR specialist at a large auto manufacturer, you have noticed that many of the technicians employed by your firm are bored
mafiozo [28]

Answer:

implementing a job rotation program.

Explanation:

An auto manufacturing plant will have a process of production that promotes division of labour an monotony at work.

One of the disadvantages of division of labour is that it creates monotony, and the workers become bored with their jobs.

However if the workers on the company create a job rotation program, monotony will be reduced.

They will be engaged on different job roles that will make their jobs more exciting. This will result in increased productivity as they are more engaged at work.

8 0
3 years ago
Read 2 more answers
The management of Retz Corporation is considering the purchase of a new machine costing $500,000. The company's desired rate of
kirill [66]

Answer:

The present value index is 0.91 which is less than 1. So, the investment should not be accepted.

Explanation:

Present Value Index : It shows the ratio between the sum of present value of all years cash inflows after applying the discount rate and initial investment.

In mathematically,

Present value index = Sum of present value of all years cash flows with discount rate ÷ Initial Investment

where,

Present value = Net cash flow × Discount rate

So,

Year 1 = $180,000 × 0.909 = $163,620

Year 2 = $120,000 × 0.826 = $99,120

Year 3 = $100,000 × 0.751 = $75,100

Year 4 = $90,000 × 0.683 = $61,470

Year 5 = $90,000 × 0.621 = $55,890

Now, Sum all the yearly cash inflows which equals to

= $163,620 + $99,120 + $75,100 + $61,470 + $55,890

= $455,200

So, the present value index = $455,200 ÷ $500,000 = 0.91

Hence, the present value index is 0.91 which is less than 1. So, the investment should not be accepted.

5 0
3 years ago
Discuss the errors that can be detected through a trial balance. How are they spotted and corrected? Consider a particular type
o-na [289]

Answer:

bhhhhhhhhhhh

hhh

Explanation:

6 0
2 years ago
Other questions:
  • Should i be a vetinarian
    8·2 answers
  • Adventure holidays sells thousands of tour packages each month through its branches. a branch manager's salary would be a(n) ___
    8·1 answer
  • Mogul Company ships merchandise to Ski Outfit in a consignment arrangement. The arrangement specifies that Ski Outfit will attem
    14·1 answer
  • Vertical integration is a strategy in which a company expands backwards into an industry that provides outputs for its products.
    11·1 answer
  • You own a small store. Your cashier thinks you should lower prices to increase your total revenue and your friend thinks you sho
    11·1 answer
  • How to eat a burger at bobs grill respectfully
    5·2 answers
  • David purchased a $5,000 bond on the secondary market. He paid a $500 premium. What is David's basis?
    6·1 answer
  • Someone please help !!
    11·1 answer
  • The only way that a society can produce outside the production possibilities curve is
    9·2 answers
  • In 1971, Congress passed a law that banned cigarette advertising on television. After the ban it is most likely that the (i) pro
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!