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Author Question: An income elasticity (Ey) of 2.0 indicates that for a ____ increase in income, ____ will increase by ... (Read 70 times)

wenmo

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on: Jul 1, 2018
An income elasticity (Ey) of 2.0 indicates that for a ____ increase in income, ____ will increase by ____.
 a. one percent; quantity supplied; two units
  b. one unit; quantity supplied; two units
  c. one percent; quantity demanded; two percent
  d. one unit; quantity demanded; two units
  e. ten percent; quantity supplied; two percent

Question 2

Which of the following is a reason there are divisional conflicts over the transfer price?
 a. the manager of the upstream division prefers a transfer price that is too high
 b. the manager of the downstream division prefers a transfer price that is too low
 c. the corporate headquarters does not have enough information to determine the correct transfer price
  d. all of the above


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ngr69

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

c

Answer to Question 2

d


wenmo

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

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Reply 3 on: Yesterday
:D TYSM

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