Danita rescues dogs from her local animal shelter. When danita's income rises by 7 percent, her quantity demanded of dog biscuits increases by 12 percent. For danita, the income elasticity of demand for dog biscuits is
a. Negative, and dog biscuits are an inferior good.
b. Negative, and dog biscuits are a normal good.
c. Positive, and dog biscuits are an inferior good.
d. Positive, and dog biscuits are a normal good.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Danita rescues dogs from her local animal shelter. When danita's income rises by 7 percent, her quantity demanded of dog biscuits increases ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Ninety percent of the carpet produced in the world today is made within a 65-mile radius of dalton, georgia. This demonstrates the fact that business-to-business (b2b) markets are often
Answers (1)
Total surplus in a market is equal to a. value to buyers - amount paid by buyers. b. amount received by sellers - costs of sellers. c. value to buyers - costs of sellers. d. amount received by sellers - amount paid by buyers.
Answers (1)
Homestead Crafts, a distributor of handmade gifts, operates out of owner Emma Finn's house. At the end of the current period, Emma looks over her inventory and finds that she has 1,800 units (products) in her basement, 27 of which were damaged by
Answers (1)
In a industry in which there are several providers of a type of good, why can one business not charge much higher prices for goods? A. government rules prevent them from raising prices B.
Answers (2)
Assets are a. equal to liabilities less stockholders' equity b. always lower than liabilities c. financed by the stockholders and/or creditors d. the same as expenses because they are acquired with cash
Answers (1)
New Questions in Business
The wall street journal provides a set of guidelines each year for purchasing a laptop computer. the guidelines include recommendations for hard disk capacity, memory size, battery life, and several other attributes.
Answers (1)
Payday loans could be considered
Answers (1)
Having one person post entries to accounts receivable subsidiary ledger and a different person post to the Accounts Receivable Control account in the general ledger is an example of a. inadequate internal control. b. duplication of effort. c.
Answers (1)
A transformative leadership style influences the effectiveness of group decision making. The rational group decision-making model is based on which of the following?1. Power, influence, negotiation, bargaining, and interest group influence2.
Answers (1)
The constraints on the activity, the data needed for decisions, and how to collect data are all determined in which step of the marketing research approach?
Answers (1)