« previous next »

Author Question: If the income elasticity of demand is 0.5, the good is a. a luxury. b. a normal good (but not a ... (Read 98 times)

Yolanda

  • Hero Member
  • *****
  • Posts: 757
on: Jul 1, 2018
If the income elasticity of demand is 0.5, the good is
 a. a luxury.
  b. a normal good (but not a luxury).
  c. an inferior good.
  d. a Giffen good.

Question 2

Ways to game the budgeting process include
 a. delaying sales if just short of a target
  b. accelerating expenses if just short of a target
  c. accelerating sales once a target is met
  d. accelerating expenses costs once a target is met


moormoney

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

Yolanda

  • Hero Member
  • *****
  • Posts: 757
Reply #2 on: Jul 1, 2018
Correct answers!


moormoney

  • Sr. Member
  • ****
  • Posts: 326
Reply #3 on: Jul 1, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

The Configuration, Normal Pressures, and Oxygen Content of the Heart Chambers The Configuration, Normal Pressures, and Oxygen Content of the Heart Chambers
Worldwide Variations in Population and Income Levels Worldwide Variations in Population and Income Levels
(a) In normal nerve conduction, sodium ions (Na+) enter the sodium channels along a neuron and ... (a) In normal nerve conduction, sodium ions (Na+) enter the sodium channels along a neuron and ...
Effects of septal defects: (A) normal shunt; no cyanosis; (B) increased pressure in right ventricle; ... Effects of septal defects: (A) normal shunt; no cyanosis; (B) increased pressure in right ventricle; ...
Normal and abnormal corneal light reflection test Normal and abnormal corneal light reflection test
Construct a Lorenz curve that shows income distribution in this society. Construct a Lorenz curve that shows income distribution in this society.
Video: How does an animal choose what food to eat?

For a complete list of videos, visit our video library