The detention of culture is the diversity of foods religion and heritage built into a single race built on beliefs and traditions
Answer:
14.2
Explanation:
the solution is shown in the picture attached
The price elasticity of demand is actually the ratio of
change in quantity demanded over the change in price, so it is mathematically
written as:
<span>PED = % change in
demand / % change in price</span>
Therefore calculating for % change in demand:
- 0.4 = % change in demand / 10%
% change in demand = - 4%
<span>So there is a 4 percent decrease.</span>
Answer:
a. Auto insurance - Expenditure
b. Clothing for school - necessity
c. concert tickets - luxury
d. Dinner for two at the newest - luxury
e. Restaurant in town groceries - expenditure
f. music downloads - luxury
g. medical treatment for strep throat - necessity
h. Theme park tickets - luxury
i. New car - luxury
j. Rent - expenditure
K. school lunches - necessity
l. school ski trip - expenditure
m. Cell phone service - necessity
Explanation:
2. Necessity is anything without which survival of a person is not possible. Luxury is anything which adds value to the living standard of a person but survival without such thing is possible.
3. My weekly income is $200
4. Clothing $20
Debt repayment $50
entertainment $30
Food $45
Rent and utilites $25
transportation $10
Personal care items $5
Others $3
total weekly expenditure $188
5. $200 - $188 = $12
6. Yes i have $12 as saving at the end of the week.