1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
yKpoI14uk [10]
3 years ago
9

What is the relationship between income and demand?.

Business
1 answer:
nasty-shy [4]3 years ago
4 0

Answer:

<em>An </em><em>increase </em><em>in </em><em>income </em><em>increases</em><em> </em><em>demand.</em><em> </em><em>Demand </em><em>is </em><em>elastic</em><em> </em><em>when </em><em>a </em><em>given</em><em> </em><em>change</em><em> </em><em>in </em><em>price </em><em>causes </em><em>a </em><em>relatively</em><em> </em><em>smaller</em><em> </em><em>change </em><em>in </em><em>quantity</em><em> </em><em>demanded</em><em>.</em><em> </em><em>Demand</em><em> </em><em>is </em><em>unit </em><em>elastic</em><em> </em><em>when </em><em>a </em><em>given</em><em> </em><em>change</em><em> </em><em>in price</em><em> </em><em>causes</em><em> a</em><em> </em><em>proportional</em><em> </em><em>change </em><em>in </em><em>quantity</em><em> </em><em>demanded</em><em>.</em><em> </em>

You might be interested in
Chobani launched a campaign, called "the break you make," in 2015 to increase awareness of the chobani flip, an afternoon snack
Andreas93 [3]
Research determined that the campaign was very successful
5 0
3 years ago
Beginning January 1, Community Hospital had 150 inpatient beds. On July 1, the bed count was increased to 200. From January 1 to
Mamont248 [21]

Answer:

A=167.74

B 96.15%

C 95.43%

D 1.02 days

Explanation:

A)No of days in the year = 365

Total no of services days = 26106 + 35120 = 61226

Average daily census = 61226/365=167.74

B) Bed occupancy rate for January - June 3.

= Total number of inpatient days * 100/ Available beds * number of day

=26106*100/150*181=96.15%

C)Bed occupancy rate for July - December=

Total number of inpatient days * 100/ Available beds * number of day

35120*100/200*184 = 95.43%

D)

ALOS (Average length of days)=Total inpatient days /Total Discharges

61226 + 9601/59788 + 9588= 1.02days

7 0
3 years ago
A plan for plant expansion that is expected to cost $11 million. How much money must the company set aside now in a lump-sum inv
prohojiy [21]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Future value= $11,000,000

Number of years= 2

To calculate the initial investment required, we need an interest rate. <u>We weren't provided with this information, however, I will provide the formula and an interest rate.</u>

i= 8% compounded annually.

To calculate the lump-sum, we need to use the following formula.

PV= FV/(1+i)^n

PV= 11,000,000/(1.08^2)

PV= $9,430,727.02

4 0
3 years ago
The Project Management Body of Knowledge Guide definition of a project indicates that a project is:
Katyanochek1 [597]

Answer:

B

Explanation:

Hope this helped and have a great day.

4 0
3 years ago
A(n) _____ broadly defines an organization's purpose—what it is seeking to achieve from its activities—identifies what is unique
Tanzania [10]

Answer:

(B) mission statement

Explanation:

A mission statement broadly defines an organization's purpose—what it is seeking to achieve from its activities—identifies what is unique or important about its products to its employees and customers, and also distinguishes or differentiates the organization in some ways from its competitors.

8 0
3 years ago
Other questions:
  • The greater the number of compounding periods within a year, then (1) the greater the future value of a lump sum investment at T
    8·1 answer
  • Today, almost every sales rep can immediately check the company's inventory andproduction schedule electronically. This allows s
    9·1 answer
  • Lindsay Corporation had net income for 2018 of $3,000,000. Additional information is as follows: Depreciation of plant assets $1
    14·1 answer
  • Grand trunk inc., a furniture manufacturing company, does not manufacture furniture until an order is received. it coordinates a
    9·1 answer
  • Examine the equal opportunity laws of another country, not the United States. Are the laws in other countries as much a concern
    7·1 answer
  • Compare and contrast analyzing data and drawing conclusions
    5·1 answer
  • Need asap<br><br> Submit your essay on what's next for digital video in the future.
    12·1 answer
  • Your parents have been advised to save 5% of their income for your college education,
    6·1 answer
  • Jamal's computer is able to connect to the WIFI signal, but there is no internet access. Which device you think might be causing
    12·1 answer
  • True or false: The business philosophy that emphasized selling and advertising in an effort to persuade consumers to buy existin
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!