subject
Social Studies, 08.04.2020 01:20 janyha212

Economists estimated that the price elasticity of beer is -0.30 and the income elasticity of beer is 0.09. This means that:

A. an increase in the price of beer will lead to a decrease in the quantity demanded of beer and beer is a luxury.
B. an increase in the price of beer will increase the quantity demanded of beer and beer is a normal good.
C. an increase in the price of beer will lead to an increase in revenue for beer sellers and beer is a normal good.
D. a decrease in the price of beer will lead to an increase in revenue for beer sellers and beer is an inferior good.

ansver
Answers: 2

Another question on Social Studies

question
Social Studies, 21.06.2019 22:50
What are the three criteria necessary to qualify for special education services under the individuals with disabilities education act category of intellectual disabilities? an intellectual functioning of 70 or more on a standardized iq test significant difficulty with tasks of everyday living (adaptive behavior) subaverage intellectual function (2 or more sd below the mean on a standardized iq test) impaired intellectual performance due to a traumatic brain injury deficits in intellectual functioning occur during the developmental period to distinguish id from other disabilities
Answers: 1
question
Social Studies, 22.06.2019 11:30
Me with this psychology homework, i’m struggling with it.
Answers: 1
question
Social Studies, 22.06.2019 15:20
What was discussed at the yalta conference
Answers: 1
question
Social Studies, 22.06.2019 15:30
The year is 1776. the family of philosopher john locke has brought a lawsuit against thomas jefferson for copying locke's ideas. locke's family claim that jefferson's "declaration of independence" plagiarizes locke's ideas from two treatises on government. you are the judge ruling on the case. you must research how jefferson's ideas compare to locke's and determine whether or not jefferson is guilty of stealing locke's ideas. your paragraph opinion (a court document explaining how you arrived at your decision on a case) should contain the following: explain at least 2 ideas of jefferson and locke that are similar explain at least 1 idea of jefferson that is different from locke's determine whether or not jefferson is guilty of plagiarism explain why or why not ~~ you don't have to do the work for me but i really would like some with this, you ! ( if you would like to do it for me that's great too : )
Answers: 3
You know the right answer?
Economists estimated that the price elasticity of beer is -0.30 and the income elasticity of beer is...
Questions
question
Social Studies, 17.07.2019 21:30
question
Mathematics, 17.07.2019 21:30
Questions on the website: 13722361