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| Time | Income (Y) | Quantity (Q) |
| 2017 | 1500 | 35 |
| 2018 | 2000 | 25 |
Calculate income elasticity?
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- True or false. Midpoint elasticity is greater than 1.If the computed elasticity of the related product is /-0.75/, the good is Select one: a. inferior & elastic b. complement & inelastic c. normal & inelastic d. substitute & elastica. unit elastic; not change b. elastic; increase c. inelastic; decreaseD) unit elastic; not d. elastic; decrease
- plssss help <3 Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.6 Q - is folding bike priced at $800 - $1000 considered elastic or inelastic? For comparison, other bikes are sold in $200-$300 rangeArc elasticity of demand = -2.5
- What type of data is "modulus of elasticity of a beam"? A) Categorical, Nominal B) Categorical, Ordinal C) Numeric, Discrete D) Numeric, ContinuousDEPENDENT VARIABLE Qc R- SQUARE P- VALUE ON F 64 0.8093 0.0001 INDEPENDENTVARIABLE PARAMETER ESTIMATE STANDARD ERROR T-RATIO P-VALUE INTERCEPT 8.20 4.01 2.04 0.0461 PC -3.54 1.64 -2.16 0.0357 M 0.64287 0.19 3.38 0.0014 PA 0.7854 0.38 2.07 0.0439 9. Calculate the price elasticity, cross-price elasticity, and income elasticity of demand for cement. Explain these figures. Q = f( P, M, PR) where Qc = demand for cement/month (in yards) Pc = the price of cement per yard, M = country’s tax revenues per capita, and PR = the price of asphalt per yard.1d
- Tom is a salesman. The following are the details regarding source of his income. Base weekly salary = $350 Sales commission = 12% of price the item sold Average price of items sold = $270 Average weekly number of items sold, E(x) = 30 Standard deviation of number of items sold per week, sd(x) = 6.8 Number of weeks a year Tom works = 48 25 Tom's average annual earnings is ________. a $65,042 b $63,456 c $61,908 d $60,398Price of a cigarette pack is 6 and quantity sold is 1000 in March .Price was raised by 25% in April and and price elasticity was 0.8 What is the strategy that can be abopt by the firm to maintain salesPlease assist Based on a retail store that sells clothing for the age between 8 and 40 years . Describe the price sensitivity you expect your customers to have based on theprice elasticity of your products.