Ask question

Ask question

All categories

3 years ago

9

The income elasticity of demand for a food is unity. a consumer's monthly income is $2,000, of which 20 percent is spent on food

. if income doubles, the amount spent on food will be:

1 answer:

Anna11 [10]3 years ago

8 0

Obviously, it becomes half so it'll be 10%
Forgive me if its wrong. im answering as best as i can.

You might be interested in

Four ways by which your choice of reading material can affect your writing

Liula [17]

What you read directly affects how you write. If you don’t have time to read, you won’t have the tools to write either. Readers understand how reading affects writing positively. Readers understand thoughts and learn how to structure those thoughts into a sentence. Readers also understand words and the connection they make with thoughts. Writing often comes naturally to avid readers because they understand the connection between thoughts and words.

How Reading Affects Writing
These are just some of the ways reading can help make you a better writer.
Structure
Readers are accustomed to structuring sentences. They have seen good sentence structure so many times that it starts to come naturally to them. A lot of this also depends on the quality of material you are reading. Readers are also used to seeing writers use different styles of writing. They learn to play around with different writing styles and use them according to the mood of the piece being written.

Grammar
Good grammar automatically makes sense to avid readers. They understand how different figures of speech fit together. They understand punctuation and how one comma or apostrophe can change the whole meaning of the sentence. Grammar can be improved through reading which then shows through in your writing too.
Understand the Thoughts of the Writer
Frequent readers are able to understand the thoughts of the writer. They are able to transport themselves and visualize what the author is saying through his words. Being able to understand thoughts is a great asset while writing. It helps you become the author you want to be.
Vocabulary and Creativity
Good readers have seen so much diverse content that they know how to make writing interesting. They understand the level of creativity required as a writer to be able to transport your audience to the scene you are describing. Such creative and powerful writing can only be made possible with the aid of great vocabulary.
Apart from reading with the goal of becoming a great writer, reading is also a great de-stressing agent. Unlike television where you actually see what’s going on, reading allows you to be your own director of the scene and allows your imagination to run wild.

7 0

2 years ago

If accounting information is to be useful, it must be expressed in terms of

Novay_Z [31]

Answer:

accounting information?

3 0

2 years ago

A firm has inventory of $46,500, accounts payable of $17,400, cash of $1,250, net fixed assets of $318,650, long-term debt of $1

Vedmedyk [2.9K]

Answer:

The common-size percentage of the equity is c. 66.87 percent

Explanation:

Total asset of the firm = Inventory + Cash + Net fixed assets + Accounts receivable = $46,500 + $1,250 + $318,650 + $16,600 = $383,000

Liabilities = Accounts payable + Long-term debt = $17,400 + $109,500 = $126,900

Basing on Accounting Equation Formula :

Total Assets = Liabilities + Owner’s Equity

Owner’s Equity = Total Assets - Liabilities = $383,000 - $126,900 = $256,100

The common-size percentage of the equity = ($256,100/$383,000) x 100% = 66.87%

6 0

2 years ago

What is is the most important factor in what a nation produces and trades

Serga [27]

<span>The most important factor is currency exchange rate.</span>

5 0

3 years ago

A resident of Minnesota is in the 28% federal tax bracket and the 4% state tax bracket. This person must pay both federal and st

vredina [299]

Answer: A) Federal National Mortgage Association pass-throughs.

Explanation:

From the question, we are informed that a resident of Minnesota is in the 28% federal tax bracket and the 4% state tax bracket. This person must pay both federal and state taxes on Federal National Mortgage Association pass-throughs.

It should be noted that the securities of most government agencies in the United States are typically exempted from paying the local and state taxes but they have to pay federal taxes.

4 0

2 years ago