Answer:
8.88
Explanation:
Data provided in the question:
Initial income, I₁ = $65,000
Initial novel purchased, D₁ = 10
Final income, I₂ = $68,000
Final novel purchased, D₂ = 15
Now,
Tim's income elasticity of demand for novels will be
= 
on substituting the respective values, we get
= 
= [5 ÷ 25] ÷ [3,000 ÷ 133,000 ]
= 0.2 ÷ 0.0225
= 8.88
Answer: According to the ________ perspective, under the right circumstances a group of people is smarter than the smartest people within the group. A) mere exposure phenomenon B) wisdom of crowds C) deindividuation D) normative influence
Explanation:
hope this helps ya :) :;:
Answer: demand decreases and supply stays the same
Explanation:
The equilibrium price refers to the price whereby the quantity of goods that's demanded and the quantity of goods that's supplied is equal.
On the other hand, the equilibrium quantity is gotten when the quantity of goods demanded and supplied are equal. This is gotten when the demand curve and the supply curve intersects.
It should be noted that there will be a lower equilibrium price and quantity if
In a situation whereby the demand increases and the supply remains the same, the equilibrium quantity and the equilibrium price will increase and vice versa.
Answer:$103.73
Explanation: Sally has her annual health insurance premium to be $4,350 per annum.
Her company pays 38% of $4,350= $1,653
Sally pays =$4,350-$1,653 = $2,697
Sally pays in 26 instalments = $2,697/26= $103.73
A sum of $103.73 will be deducted from sally's paycheck monthly.
The answer that best fits the blanks above are IDEA GENERATION, and COMMERCIALIZATION, respectively. In carrying out a powerful new product planning and design, there is a process that should be followed and the process includes eight steps which include idea generation, <span>idea screening, concept development and testing, marketing strategy development, business analysis, product development, test marketing, and lastly, commercialization.</span>
