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Alexus [3.1K]
2 years ago
15

For questions 1-10, fill in the blank with the letter of the term that best matches the

Business
1 answer:
AveGali [126]2 years ago
7 0

Answer:

Explanation:

Free brainliest to the first who answers and 100 points!!!!! also a thanks and a five star

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If real income rises 4%, prices rise 1%, and nominal money demand rises 4%, what is the income elasticity of real money demand?
goblinko [34]

The income elasticity of real money demand d. 3/4

Increase in real money demand = Increase in nominal money demand - Increase in inflation = 4% - 1% = 3%

Income elasticity of real money demand = % increase in real money demand / % increase in real income

= 3% / 4%

= 3/4

Income elasticity of demand is a monetary measure of how responsive the amount of demand for a very good or provider is to trade-in earnings. The formulation for calculating earnings elasticity of demand is the percentage change in quantity demanded divided by using the percent change in earnings.

In economics, the profits elasticity of call for is the responsivenesses of the quantity demanded an amazing to an alternate in patron profits. It is measured because of the ratio of the share exchange in the amount demanded to the proportion exchange in profits.

If the earnings elasticity of call for is more than 1, the best or carrier is taken into consideration a luxury and profits elastic. An amazing provider that has an earnings elasticity of call for between zero and 1 is considered an ordinary correct and income inelastic.

Learn more about Income elasticity here: brainly.com/question/15899715

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5 0
2 years ago
The beginning capital balance shown on a statement of owner's equity is $80,000. Net income for the period is $35,000. The owner
jonny [76]

Answer:

Correct option is (B)

Explanation:

Given:

Beginning capital = $80,000

Net income = $35,000

Drawings = $18,000

Net income is added to opening capital and deduct drawings to arrive at capital balance at the end.

Capital at the end of the year = opening capital + net income - drawings

                                                 = 80,000 + 35,000 - 18,000

                                                 = $97,000

7 0
3 years ago
Suppose the government imposes a $10 per month tax on cell phone service. If the demand curve for cell phone service is perfectl
34kurt

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2 years ago
Pls be nice and answer this for me. in the middle of a test. 50 pts!
Roman55 [17]

Answer:

c

Explanation:

nate should have chosen to ask the supplier for verification for the requisition order

3 0
2 years ago
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Sorry, can you show attachments?

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