For every jar Neha buys, she spends $0.95, and buying 9 jars in total, she pays $8.55 in total.
$0.95 x 9 jars = $8.55
For every jar Neha buys, she spends $0.95, and buying 9 jars in total, she pays $8.55 in total.
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Answer:
The answer is Y = C + I + G + NX
Explanation:
National income can be represented as: Y = C + I + G + NX
where Y is the national income
C is the consumers' consumption or households' expenses on goods and services
I is the firms' investment. Investment done by businesses on procuring non-current assets used in production
G is the government expenditure.
NX is the net export. Net export is the difference between the total value of export and total value of import in a year.
Answer:
d. 0; unrelated.
Explanation:
Cross elasticity of demand is the degree of responsiveness of demand for a particular product to a change in the price of another product.
A change in price of a product will lead to a change in demand for another product if the two goods are either goods of close substitutes or if they are complements. If two goods are not related, the change in price of one will not have any impact on the demand for the other good.
In this question, the cross elasticity is zero because biro and pencil are not related.
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