« 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 115 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?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

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?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Ten Leading Causes of Death in Low-Income Countries, 2008 Ten Leading Causes of Death in Low-Income Countries, 2008
Good contact feels full, confident, and deliberate and establishes a warm connection between massage ... Good contact feels full, confident, and deliberate and establishes a warm connection between massage ...
The growth in demand for energy use is met by burning fossil fuels The growth in demand for energy use is met by burning fossil fuels
Household Income in the United States by Quintiles, 2009 Household Income in the United States by Quintiles, 2009
Income per Capita versus Inequality Income per Capita versus Inequality
Illustration of the anatomy of a normal subject (A) and a patient with sleep apnea (B) Illustration of the anatomy of a normal subject (A) and a patient with sleep apnea (B)
Video: Electrical changes in the heart

For a complete list of videos, visit our video library