The income elasticity for the household is -1.05.
<h3>What is the income elasticity?</h3>
Income elasticity measures how quantity demanded changes when there is a change in the income of a person / household
Income elasticity = percentage change in quantity demanded / percentage change in income
- percentage change in income = (3000 / 2500) - 1 = 0.2 = 20%
- percentage change in quantity demanded =( 150 /190) - 1 = -0.21 = -21%
Income elasticity = -21% / 20 = -1.05
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Answer:4
Step-by-step explanation:
Well its actually 4.4 but if you round down its 4 centimeters and 5 feet equals 152.4 so that minus 148 is 4.4
Answer:
To form the converse of the conditional statement, interchange the hypothesis and the conclusion. The converse of "If it rains, then they cancel school" is "If they cancel school, then it rains." To form the inverse of the conditional statement, take the negation of both the hypothesis and the conclusion.
Step-by-step explanation:
Answer:
you get in at 11:23
Step-by-step explanation:
53-30=30
so 11:23
