Suppose that your demand schedule for pizza is as follows: PriceQuantity of Pizzas DemandedQuantity of Pizzas Demanded
(Dollars)(Income = $20,000)(Income = $24,000)
84050
103245
122430
141620
16812
Using the midpoint method, your price elasticity of demand as the price of pizzas increases from $14 to $16 is 0.27/0.20/5.00/3.75 if your income is $20,000 and 5.00/0.27/0.20/3.75 if your income is $24,000.

If the price of a pizza is $10, your income elasticity of demand is 1.22/0.07/0.10/1.86 as your income increases from $20,000 to $24,000. However, if the price of a pizza is $14, your income elasticity is 1.86/0.07/0.10/1.22.

Goods and services that can be used for the same purpose are and goods and services that are used together are

Which stage of group development involves members introducing themselves to each other?

Christopher kim, cfa, is a banker with batts brothers, an investment banking firm. kim follows the energy industry and has frequent contact with industry executives. kim is contacted by the ceo of a large oil and gas corporation who wants batts brothers to underwrite a secondary offering of the company's stock. the ceo offers kim the opportunity to fly on his private jet to his ranch in texas for an exotic game hunting expedition if kim's firm can complete the underwriting within 90 days. according to cfa institute standards of conduct, kim: a) may accept the offer as long as he discloses the offer to batts brothers. b) may not accept the offer because it is considered lavish entertainment. c) must obtain written consent from batts brothers before accepting the offer.