subject
Business, 09.10.2019 23:00 coolman315

Qequals1 comma 200minus9.5pplus16.2p subscript pplus0.2y, where q is the quantity of coconut oil demanded in thousands of metric tons per year, p is the price of coconut oil in cents per pound, p subscript p is the price of palm oil in cents per pound, and y is the income of consumers. assume that p is initially 60 cents per pound, p subscript p is 25 cents per pound, and q is 1 comma 300 thousand metric tons per year. calculate the income elasticity of demand for coconut oil. the income elasticity of demand is epsilonequals 0.204. (enter your response rounded to three decimal places.) is coconut oil a normal good at that price and quantity combination?

ansver
Answers: 1

Other questions on the subject: Business

image
Business, 22.06.2019 02:00, getse61
Ineed : ): will mark brainliest! describe sinek's golden circle. what does he use this for? sinek argues that "people don't buy 'what' you do; people buy 'why' you do it." what does he mean by this? do you agree or disagree with him? why? what are the advantages of hiring people who share the same beliefs and visions in terms of the company's 'why' or purpose? why wasn't tivo successful as a company? what is the difference between leaders and those who lead? how does safety contribute to trust and cooperation? what are some ways that leaders can make the company environment safe? what are the advantages of companies where employees feel safe and protected?
Answers: 2
image
Business, 22.06.2019 06:30, makarockslynn4764
If a seller prepaid the taxes of $4,400 and the closing is set for may 19, using the 12 month/30 day method what will the buyer owe the seller as prorated taxes?
Answers: 1
image
Business, 22.06.2019 09:30, byron17
Oliver's company is planning the launch of their hybrid cars. the company has included "never-before-seen" product benefits in the hybrid cars. which type of advertising should oliver's company use for the new cars?
Answers: 1
image
Business, 22.06.2019 10:40, meillsss
Parks corporation is considering an investment proposal in which a working capital investment of $10,000 would be required. the investment would provide cash inflows of $2,000 per year for six years. the working capital would be released for use elsewhere when the project is completed. if the company's discount rate is 10%, the investment's net present value is closest to (ignore income taxes) ?
Answers: 1
You know the right answer?
Qequals1 comma 200minus9.5pplus16.2p subscript pplus0.2y, where q is the quantity of coconut oil dem...

Questions in other subjects:

Konu
History, 02.03.2021 23:40