subject
Business, 07.10.2019 22:00 TV865432

For each scenario, calculate the income elasticity of demand, determine whether the good is inferior or normal, and classify the good's income elasticity. when calculating the income elasticity of demand, use the midpoint formula. round your answers to the nearest hundredth. sylvia's annual salary increases from $102,750 to $109,500, and she decides to increase the number of vacations she takes per year from three to four. calculate her income elasticity of demand for vacations.

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 20:30
What talent or skill do u wish too develop for yourself
Answers: 1
question
Business, 22.06.2019 21:00
Noah met an old friend at a coffee shop. he jotted down the friend's new phone number, but later that afternoon he could not find it or remember what he had done with it. a couple of days later, noah went back to the coffee shop, and while waiting in line, he suddenly remembered where he had put the phone number. this is an example of:
Answers: 1
question
Business, 22.06.2019 21:50
Labor unions have used which of the following to win passage of favorable laws such as shorter work weeks and the minimum wage? a. strikes b. collective bargaining c. lobbying d. lockouts
Answers: 1
question
Business, 23.06.2019 03:10
Norbert and suzie are both lineworkers for a utility company who have been working together for almost two years. norbert frequently tells suzie that the job is called "lineman" and not "linewoman," and thus, it is not a woman's job. he plays practical jokes on her such as hiding some of her tools and sabotaging her truck. he asks her when she plans on getting pregnant and staying at home to take care of her children and gives her copies of " wanted" ads for secretarial and waitress jobs. such behavior has kept suzie disturbed at work. if suzie complains about norbert's conduct:
Answers: 1
You know the right answer?
For each scenario, calculate the income elasticity of demand, determine whether the good is inferior...
Questions
question
Mathematics, 09.09.2020 02:01