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musickatia [10]
3 years ago
9

Income elasticity measures the:____.

Business
1 answer:
larisa [96]3 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

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You bought 1,000 shares of Tund Corp. stock for $60.59 per share and sold it for $82.35 per share after a few years. How will yo
ahrayia [7]

Answer:

gain will treat as capital gain at long term tax rate

Explanation:

given data

bought shares = 1,000  

stock for = $60.59 per share

sold  = $82.35 per share

solution

as gain from sale of stocks is held for an investment purpose and it is treated as capital gain

when stock is here held for more than year

so gain is taxed as long term capital gain

and when gain is less than year  than gain taxed short term capital gain

but here we have given stock for more than year

so here gain will treat as capital gain at long term tax rate

4 0
3 years ago
"Luxury Linens (LL) manufactures a line of luxury bed linens. LL's products can be purchased only through the company's web site
natulia [17]

Answer:

vertical integration

Explanation:

In this case, Luxury Linens is both producing and selling their products. This means that they vertically integrated the sales channel.

There are two types of integration strategies:

  • vertical integration: e.g. when a producer decides to acquire a supplier or decides to produce their own supplies and not buy them from someone else. Or the producer can decide to start selling and distributing their products directly to the final customers.
  • horizontal integration: e.g. when a large online retail store like Amazon decides to acquire or start operating other types of retail stores like Whole Foods or other brick and mortar stores. A company will acquire or merge with another company that operates in the same level.
4 0
3 years ago
S: In the space below, write a brief scenario (story) of a selling situation that illus-
djyliett [7]
The answer is C I did it last year in class
7 0
2 years ago
The Joint Task Force (JTF) commander cannot dictate cooperation among other governmental agencies, intergovernmental organizatio
8090 [49]

Answer:

Unity of effort

Explanation:

The unity of efforts means that harmonizing the efforts among various organizations that are working towards a similar objective. It prevents duplication of effort and working at cross purposes and organizations try to achieve the unity of effort by sharing common objectives.

In military unity of command and unity of effort are similar, but in military unity of effort means coordinating among those organizations which are not in the same chain of command for inter agency operations.

5 0
3 years ago
Which of the following is incorrect?
d1i1m1o1n [39]

Answer:

The answer that is incorrect is D)

Explanation:

First of all, it is incorrect because if prices increase, real money balances decrease. The real money balances formula explains this fact:

Real money balances (RMB) = M/P

Where M is the amount of money and P the price level.

If P increases, then M will RMB will decrease.

If RMB are less, then, houses will find themselves poorer, not wealthier, and will decrease their spending, not increase it.

6 0
3 years ago
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