subject
Business, 06.03.2021 22:20 hayesvolcano

The average annual income rises from $25,000 to $38,000, and the quantity of bread consumed in a year by the average person falls from 30 loaves to 22 loaves. What is the income elasticity of bread consumption? Is bread a normal or an inferior good?

ansver
Answers: 2

Other questions on the subject: Business

image
Business, 21.06.2019 14:10, jzjzjzj
Needs 83,000 optical switches next year (assume same relevant range). by outsourcing them, worldsystems can use its idle facilities to manufacture another product that will contribute $ 140,000 to operating income, but none of the fixed costs will be avoidable. should worldsystems make or buy the switches? show your analysis.
Answers: 3
image
Business, 21.06.2019 21:00, ariannapenny98
Which of the following is not a personality trait? sincerity word processing punctuality laziness
Answers: 1
image
Business, 22.06.2019 08:30, hartzpeyton136
Match each item to check for while reconciling a bank account with the document to which it relates.(there's not just one answer)1. balancing account statement2. balancing check registera. nsf feesb. deposits in transitc. interest earnedd. bank errors
Answers: 2
image
Business, 22.06.2019 16:30, emmmssss21
Bernard made a gift of $500,000 to his brother in 2014. due to bernard’s prior taxable gifts he paid $200,000 of gift tax. when bernard died in 2019, the applicable gift tax credit had increased. at bernard’s death, what amount related to the $500,000 gift to his brother is included in his gross estate?
Answers: 3
You know the right answer?
The average annual income rises from $25,000 to $38,000, and the quantity of bread consumed in a yea...

Questions in other subjects:

Konu
Chemistry, 13.11.2019 02:31