If consumers always spend 15 percent of their income on food, then the income elasticity of demand for food is
O a. 0.15
O b. 1.00
O C. 1.15.
O d. 1.50.
O e. none of the above.

Answers

Answer 1

The income elasticity of demand for food is 1.

What is income elasticity of demand?

The income elasticity of demand measures how quantity demanded changes when income changes.

income elasticity of demand = percentage change in quantity demanded / percentage change

When income elasticity of demand is one, it means that the good has a constant demand regardless of changes in income.

To learn more about elasticity of demand, please check: https://brainly.com/question/18850846


Related Questions

what should be subtracted from
[tex] {a}^{2} - 7ab \: + {3b}^{2} [/tex]
to get
[tex]( - 4 {a}^{2} + 6ab \: + 3 {b}^{2} )[/tex]
?​

Answers

-5a²+13ab should be subtracted.

Step-by-step explanation:-

Based on the given conditions, formulate,

[tex]→- {a}^{2} - 4 {a}^{2} + 13ab[/tex]

[tex]→-({a}^{2} - 4 {a}^{2}) + 13ab[/tex]

Taking the coefficients or numbers, we get,

[tex]→(- 1 - 4) {a}^{2} + 13ab[/tex]

[tex]→ - 5 {a}^{2} + 13ab[/tex]

Given :

What should be subtracted from a² – 7ab + 3b² to get – 4a² + 6ab + 3b² ?

Solution :

Let the required expression to be subtracted be x

⇢ a² – 7ab + 3b² – x = – 4a² + 6ab + 3b²

⇢ a² – 7ab + 3b² – (– 4a² + 6ab + 3b²) = x

⇢ a² – 7ab + 3b² + 4a² – 6ab – 3b² = x

Combining the like terms :

⇢ a² + 4a² – 7ab – 6ab + 3b² – 3b² = x

⇢ 5a² – 13ab = x

⇢ x = 5a² – 13ab

Therefore,

5a² – 13ab should be subtracted from a² – 7ab + 3b² to get – 4a² + 6ab + 3b².

Given Trapezoid JOKE with m

Answers

Answer:

Step-by-step explanation:

In trapezoid JOKE, JO // EK

m∠J + m∠E = 180    {so-interior angles are supplementary }

m∠J +80 = 180

m∠J          = 180 - 80

mJ = 100

m∠O + m∠K = 180   {Co-interior angles are supplementary}

m∠O + 50 = 180

      m∠O   = 180 -50

      m∠O = 130

Please factor 4n + 4 x 2

Answers

Answer:

4 ( n + 2 )

[tex]4(n + 2)[/tex]

What is the slope-intercept
equation?

Answers

Answer:

y=mx+b

Step-by-step explanation:

y-y1=m(x-x1) is point slope form

Answer:

y=mx+b

Step-by-step explanation:

Slope-intercept form is commonly referred to as "y=mx+b form", which can be remembered because m=slope and b=y-intercept. Hope that helps :)

i need help on 10 please

Answers

Angle 1 = 54.

Step-by-step explanation:

54+36= 90 or 90-36=54

The diameter of a circle measures 7 5/6 inches. What is the radius of the circle? Enter your answer as a mixed number in the box.

Answers

The radius of the circle expressed as a mixed number is:  [tex]3\frac{11}{12}[/tex] inches.

What is the Radius of a Circle?

Radius of a circle = half the measure of the diameter of a circle.

Given:

diameter of a circle = [tex]7\frac{5}{6}[/tex] inches

Therefore:

Radius of the circle = 1/2([tex]7\frac{5}{6}[/tex])

= 1/2(47/6)

= (1 × 47)/(2 × 6)

= 47/12

= [tex]3\frac{11}{12}[/tex] inches.

Therefore, the radius of the circle expressed as a mixed number is:  [tex]3\frac{11}{12}[/tex] inches.

Learn more about radius of a circle on:

https://brainly.com/question/24375372

What is the value of x in the equation 2. 5 minus 0. 25 x = negative 3? –22 –1. 1 1. 1 22.

Answers

The answer is 22…………..

Help!!!! ( this is i-ready )

Answers

Answer:

Take the values in the box:

IQTR = 16 - 7

= 9

It is 9 because i did this one now to long ago

Can someone help me please and have an explanation :)

Answers

Answer:

ok so lets find the difference on the table

from 5 to 8 is goes up 250.5(668-417.5)

so that means 3 tickets goes 250.5 so lets divide by 3

250.5 divide by 3=83.5 per ticket

83.5*6=501

501

Hope This Helps!!!

Answer:

Equation : $83.50x = Cost of the tickets

(where x = number of tickets)

Cost of 6 tickets : $501

Step-by-step explanation:

I'm not sure if this is the way they want you to do it, but what I did is :

1) Solve a proportion to figure out the cost of 1 ticket

5/417.50 = 1/x

5x = 417.50(1)

5x/5 = 417.50/5

x = 83.50

So, the cost of 1 ticket is $83.50

2) Create an equation

If x equals the number of tickets :

83.50x = Cost of the tickets

3) Solve for 6 tickets

83.50(6) = Cost of the tickets

501 = Cost of the tickets

Substitute x for the number of tickets, which is 6 and you'll get $501 :)

Write the point slope form of the equation of the line through the given points: (4,-1) and (-3,1)

Answers

[tex](\stackrel{x_1}{4}~,~\stackrel{y_1}{-1})\qquad (\stackrel{x_2}{-3}~,~\stackrel{y_2}{1}) ~\hfill \stackrel{slope}{m}\implies \cfrac{\stackrel{rise} {\stackrel{y_2}{1}-\stackrel{y1}{(-1)}}}{\underset{run} {\underset{x_2}{-3}-\underset{x_1}{4}}}\implies \cfrac{1+1}{-7}\implies -\cfrac{2}{7}[/tex]

[tex]\begin{array}{|c|ll} \cline{1-1} \textit{point-slope form}\\ \cline{1-1} \\ y-y_1=m(x-x_1) \\\\ \cline{1-1} \end{array}\implies y-\stackrel{y_1}{(-1)}=\stackrel{m}{-\cfrac{2}{7}}(x-\stackrel{x_1}{4})\implies y+1=-\cfrac{2}{7}(x-4) \\\\\\ y+1=-\cfrac{2}{7}x+\cfrac{8}{7}\implies y=-\cfrac{2}{7}x+\cfrac{8}{7}-1\implies y=-\cfrac{2}{7}x+\cfrac{1}{7}[/tex]

Chris buys 2 identical bags of cherries to make a pie.
There are more than 10 but less than 30 cherries in each bag.
Chris eats 7 cherries, then uses half of the rest in his pie.
Chris uses 11.5 cherries for his pie.
How many cherries were in each bag to start with?

Answers

Answer:  15

==================================================

Explanation using mental math:

He uses 11.5 cherries for his pie, which is half the amount left (after eating those 7 cherries).

This means 2*11.5 = 23 cherries were left over after he ate those seven. In other words, half of 23 is 11.5

If we reverse time, then we get those 7 cherries back to get 7+23 = 30 cherries total. Divide those up equally between the two bags and we get 30/2 = 15 cherries per bag.

Going forward in time we have 15 cherries per bag, so 2*15 = 30 total. He eats 7 to be left with 30-7 = 23 cherries. That cuts in half to 23/2 = 11.5 cherries for his pie.

---------------

Explanation using algebra

c = number of cherries in each bag.

10 < c < 30 based on the second sentence

2c = number of cherries total from both bags combined

2c-7 = the amount left after Chris eats those 7 cherries

(2c-7)/2 = he uses half of the remaining cherries for the pie

Set that equal to the 11.5 number stated and solve for c.

(2c-7)/2 = 11.5

2c-7 = 11.5*2

2c-7 = 23

2c = 23+7

2c = 30

c = 30/2

c = 15

We effectively follow similar steps as when we did the mental math route.

Notice how c = 15 makes 10 < c < 30 true.

How would you solve y+1= -4x ? with a step by step solution

Answers

Answer:

There are an infinite number of solutions.

Step-by-step explanation:

An equation with 2 unknowns give an infinite amount of solutions, here is just one of the many:

Let y= 3 ( y can be any number)

(3) + 1 = -4x

4 = -4x

x = -4/4

x= -1

(x;y) = (-1;3)

Generally x and y can be any number, just let x or y be any number, then find the other variable based on the value of the number u assumed.

Two cards are drawn from a standard deck; the first card is not placed back into the deck before the second one is drawn. What is the probability of drawing a queen and then drawing an ace

Answers

Answer:

52-2=50-1=49-1=48/4=12/4=3

answer: 1 out of 4 chances to draw a queen

Step-by-step explanation:

What is the answer to 5/8+2/3-1/4=

Answers

The answer is 25/24 which is simplified to 1 and 1/24

-3x - 4 = -5y -8 y-intercept and x-intercept

Answers

Answer:

y-intercept: -0.8

x-intercept: 1.333

Find the value of each missing variable

Answers

Answer:

x=90

y=78

z=70

Now

or,90+78+70

or,238 answer.

Please help I will give brainliest.

Answers

Step-by-step explanation:

for x = 2

a = 500 × (3/5)²

for x = 4

b = 500 × (3/5)⁴ = 500×(3/5)²×(3/5)²

so,

a/b = (500 × (3/5)²) / (500 × (3/5)² × (3/5)²) =

= 1/(3/5)² = 1/(9/25) = 25/9 = 2.777777778...

117,23.4,4.68… t(n)=(term0)(r)^n what is the equation?

Answers

Answer:

Step-by-step explanation:

Use the graph to write a linear function that relates y to x

Answers

Answer:

y = [tex]\frac{4}{3} x + 2[/tex]

Answer:

Y=4/3x+2

Step-by-step explanation:

The slope is 4/3 because i counted 3 spaces to the right and 4 spaces up which is 4/3 and the starting point is 2 which is where it crosses on the y intercept hope this helps! :)

8 yards converted into feet?

Answers

Answer:

24 feet

Step-by-step explanation:

a yard is 3 feet

8 yards is

8 × 3

24 feet

please answer quickly attachment is under this little message

Answers

Answer:

315 dm3

Step-by-step explanation:

[tex]V=\frac{lwh}{3} \\\V=\frac{9*7*15}{3} \\V=\frac{945}{3} \\V=315[/tex]

help mee its due today at 3:00am​

Answers

Answer:

Here is the answer......hope u understand...

What is the length of the base of a right triangle with an area of 15 square meters and a height of 3 meters?

5 m
10 m
30 m
45 m​

Answers

The area of a right triangle is the amount of space on it

The length of the base is 10 meters

How to determine the length of the base

The given parameters are:

Area = 15 square meters

Height = 3 meters

The area of the triangle is:

Area = 0.5 * Base * Height

So, we have:

15 = 0.5 * Base * 3

Divide both sides by 0.5

30 =  Base * 3

Divide both sides by 3

10 = Base

Rewrite as:

Base = 10

Hence, the length of the base is 10 meters

Read more about areas at:

https://brainly.com/question/24487155

Answer: 10 m

Step-by-step

Look at the pic down there

Answers

Answer:

Part A: 8.4 minutes per mile

Part B: 38 minutes

Explanation on Part B: (put it in your own context)

8.4 + 1.1 = 9.5 minutes per mile

As 9.5 * 4 = 38 minutes

Enjoy ;)

Select the correct answer. What is the vertex of the parabola given by y = -(x − 2)^2 − 1?

Answers

Answer:

vertex: -2,1

Step-by-step explanation:

You need to graph it.

I think the vertex is (2,-1)

If fence poists are to be placed in a row 7 feet apart, how many posts are needed for 210 feet of fence?
posts

Answers

Answer:

31

Step-by-step explanation:

210 ft ÷ 7 ft = 30

There are 30 7-ft lengths of fence.

Think of putting a post at the end of each 7-ft length. That means you need 30 posts. Now you must add 1 post for the beginning.

Answer: 31

Write and solve a system of equations made up of Aiden’s and Natalie’s lines of best fit that they can use to find the catapult arm length that they could both use to launch their tennis balls the same distance. What is the solution to the system?

Type the correct answer in the box. Round each number to the nearest tenth.

( , )

Answers

The solution to the given system is (-30, 80)

Line of best fit.

The solution to the given system of the equation of line is the point where both lines intersect.

From the given diagram, we can see that the lines intersect at a coordinate point (x, y)

The location of these coordinate point on the xy-plane is (-30, 80). Hence the solution to the given system is (-30, 80)

Learn more eon system of equation here:https://brainly.com/question/14323743

Answer:

The answer is (30,90)

Step-by-step explanation:

the reason is because it says to round to the nearest tenth the numbers not rounded is 32.6 and 86.6

Which equation is NOT true?

Answers

Answer:

B

Step-by-step explanation:

Using the method of cross- multiplication

[tex]\frac{a}{b}[/tex] = [tex]\frac{c}{d}[/tex] ⇒ ad = bc

If ad ≠ bc then equation is not true

A

[tex]\frac{10}{12}[/tex] = [tex]\frac{5}{6}[/tex] , then

10 × 6 = 12 × 5 = 60 ← equation is true

B

[tex]\frac{69}{100}[/tex] = [tex]\frac{6}{10}[/tex] , then

69 × 10 = 690 and 100 × 6 = 600

690 ≠ 600 ← equation not true

C

[tex]\frac{10}{5}[/tex] = [tex]\frac{200}{100}[/tex] , then

10 × 100 = 5 × 200 = 1000 ← equation is true

D

[tex]\frac{12}{4}[/tex] = [tex]\frac{6}{2}[/tex] , then

12 × 2 = 4 × 6 = 24 ← equation is true

Hi!

I can help you with joy! :)

• Here, we need to determine if each equation is true by simplifying fractions.

• The 1st equation states that

10/12 = 5/6

Is it true?

Let’s simplify 10/12 to find out.

Divide 10 and 12 by 2:

5/6

Thus. The 1st equation is true.

How about the next one?

We have 3 options left.

69/100=6/10

Is that correct?

Nope!

Why?

If we simplify 69/100, we will not get 6/10.

In fact, 69/100 cannot be simplified.

Thus, the second equation is not true.

Now, how about Options C and D?

Well, both of these equations ARE true.

Thus, the second equation is not true.

Hope it helps.

Do ask if you have any query.

~Silent~

how many triangles??

Answers

The perfect size of each triangle allows me to suggest that the closest proximity of the triangle numbers would be 2 TRIANGLES but there is a possibility it could be three or one or zero in fact it remains a mystery. Wafflina waffalato

is this correct or it needs any fixing

Answers

That is correct. The graph is perfect and you did b correctly
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