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Author Question: In Brazil, the income elasticity of demand for dairy is 0.7 and for fruit and vegetables it is 0.5. ... (Read 119 times)

jayhills49

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on: Jun 29, 2018
In Brazil, the income elasticity of demand for dairy is 0.7 and for fruit and vegetables it is 0.5. These elasticities mean that if the income of Brazilians decreases, they will purchase ________ dairy and ________ fruits and vegetables.
 
  A) less; less
  B) more; more
  C) more; less
  D) less; more

Question 2

Michigan Radio is the state's most listened-to public radio service, attracting approximately 400,000 listeners each week. The on-air fundraiser, which ran during October 2010, generated over 7400 pledges from donors.
 
  The money raised helps pay for programming costs at the station, with membership support being the single largest source of income. The 392,600 listeners who did not call and donate can be classified as what? A) free riders
  B) marginal beneficiaries
  C) rival consumers
  D) rationally ignorant


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Perkypinki

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


jayhills49

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Reply #2 on: Jun 29, 2018
Thank you :)


Perkypinki

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Reply #3 on: Jun 29, 2018
Happy to help you


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