An income elasticity (Ey) of 2.0 indicates that for a ____ ...

[wenmo]

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

[ngr69]

Answer to Question 1

c

Answer to Question 2

d

[wenmo]

Wow, this really help

[sailorcrescent]

Thanks for the timely response, appreciate it