Arista always spends 30 30 % of her income on purses. Assume that her income increases by some percentage while the price of purses remains constant, and that all purses cost the same. What is her income elasticity of demand, EI, for purses? EI equals 0.5.0.75.1.0.

Financial performance is measured in many ways. requirements 1. explain the difference between lag and lead indicators. 2. the following is a list of financial measures. indicate whether each is a lag or lead indicator: a. income statement shows net income of $100,000 b. listing of next week's orders of $50,000 c. trend showing that average hits on the redesigned website are increasing at 5% per week d. price sheet from vendor reflecting that cost per pound of sugar for the next month is $2 e. contract signed last month with large retail store that guarantees a minimum shelf space for grandpa's overloaded chocolate cookies for the next year