Joe received a promotion this year at work and now has an income which has increased by 21%
since last year. Joe has now increased his quantity demanded of red wine by 7%. In this example,
Joe's

Question

29-05-2021
Business

contestada

Joe received a promotion this year at work and now has an income which has increased by 21%
since last year. Joe has now increased his quantity demanded of red wine by 7%. In this example,
Joe's

Respuesta :

Otras preguntas

what is the rise and the run? (please point the rise and the run on the graph)

The heart is a muscular organ that pumps blood. Blood that contains waste materials is brought to the heart by blood vessels. This blood enters the and then mov

Emily purchased a pack of 6 shirts for $18. What was the cost per shirt? someone answer this please.

Graph the line with slope -1/2 passing through the point (-1,-4)

What is the length, in inches, of EG?

explain why attitudes towards intimate relationships can lead to positive behaviours.

A city lot has the shape of a right triangle whose hypotenuse is 9 ft longer than one of the other sides. The perimeter of the lot is 418 ft. How long is each s

Determine the mass of barium carbonate containing 10% impurities if 6.72 liters of CO2 were formed when hydrochloric acid was added to it

what purpose foes the title serve? How is it appropriate for this memoir

You invested $5,000 in two accounts paying 3% and 6% annual interest. If the total interest earned for the year was $220, how much was invested at each rate?

ACCESS MORE

vgut527 vgut527 · Answer 1 · 2021-05-29T06:55:37+02:00

Joe received a promotion this year at work and now has an income which has increased by 21% since last year. Joe has now increased his quantity demanded of red wine by 7%. In this example, Joe's

cross-price elasticity is 3 and the good is an inferior good.

income elasticity is .33 and the good is an inferior good.

income elasticity is .33 and the good is a normal good.

Answer- income elasticity is .33 and the good is a normal good.