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 97 times)

Yolanda

  • Hero Member
  • *****
  • Posts: 757
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
Answer to Question 1

b

Answer to Question 2

d



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

For a complete list of videos, visit our video library