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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 116 times)

Yolanda

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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

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Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

d


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Yolanda

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Reply #2 on: Jul 1, 2018
Correct answers!


moormoney

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Reply #3 on: Jul 1, 2018
Great! Please up vote :D


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