If the income elasticity of demand is 0.5, the good is a. a ...

[Yolanda]

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]

Answer to Question 1

b

Answer to Question 2

d

[Yolanda]

Correct answers!

[moormoney]

Great! Please up vote