. When Alex’s income was $2,500, he bought 6 bagels and 14 donuts a month. Now his income is $6,000 and he buys 10 bagels and 8 donuts a month. Calculate Alex’s income elasticity of demand for (a) bagels and (b) donuts. And explain their meanings.

Answers

Answer 1

The income elasticity of demand for bagels is 0.48. Bagels is a normal good. Income elasticity of demand for donuts is -0.31. Donuts is an inferior goods.

What is income elasticity of demand?

Income elasticity of demand measures how the quantity demanded of a good changes when there is a change in income. Inferior goods have a negative income elasticity. Normal goods have a positive income elasticity.

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

Income elasticity of demand for bagels:

percentage change in quantity demanded = (10 /6) - 1 = 0.667 = 66.7%

percentage change in income = ($6000 / $2500) - 1 = 1.4 = 140%

Income elasticity of demand = 66.7 / 140 = 0.48

Income elasticity of demand for donuts:

percentage change in quantity demanded = (8/14) - 1 = -0.429 = 42.9%

percentage change in income = ($6000 / $2500) - 1 = 1.4 = 140%

Income elasticity of demand = -42.9/ 140 = -0.31

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Related Questions

what is a relationship between climate change and the regularity of droughts​

Answers

answer:

the relationship between climate-change and regularity of drought is global warming. climate-change can increase the chances of drought in a region; regions can gradually become drier overtime essentially due to the increasing concentration of temperatures and gases in the atmosphere. warmer temperatures enhance evaporation, which dries out soils and vegetation. this makes periods with low precipitation at high-regularity for drought.

(paraphrase if u can.)

If all the glaciers and ice caps melt, sea level will increase by _____________, but by the end of 2100, we estimate ____________ of sea level rise.

Answers

Answer:

If all the ice covering Antarctica , Greenland, and in mountain glaciers around the world were to melt, sea level would rise about 70 meters (230 feet). The ocean would cover all the coastal cities. And land area would shrink significantly . but in 2100 Global sea levels are predicted to rise by 20-60 mm, and possibly up to 1 metre. This is mostly from glacier melt and thermal expansion of the oceans. It does not include inputs from dynamic changes to ice sheet flow

The Moon is seen only during the day during the ____ phase.

* New
* When the Moon is up all day * we can't see it
* First Quarter
* Third Quarter
* Full

Answers

Answer:

full moon

Explanation:

i hope this helps

Australia. Research the types of animals and vegetation that are found in each biome. How do they relate to the economic activities in the area? How might the vegetation and wildlife impact the people who live there?

Answers

Answer:

Brainliest pls

Explanation:

It can affect any living organism in that area

The vegetation and wildlife might impact the people who live there because of the habitat

The main vegetation types in Australia (in simplified terms) are forest, rainforest, grassland, and desert. Different types of trees, shrubs, and grasses grow within each of these vegetation types and are specially adapted to the soil, rainfall, and temperature in each area.

Plants, animals, and other organisms evolve adaptations to suit them to the abiotic factors in their biome. Abiotic factors to which they adapt include temperature, moisture, growing season, and soil. This is why the same type of biome in different parts of the world has organisms with similar adaptations.

solve simultaneous equation....4x-5y and 2x+y=4 ...can you show some steps​

Answers

Answer:

2x−y=4

This line meet at x−axis, then the value of y=0 at x axis

Put the value y=0 in equation (i), we get

2x−0=4

⇒2x=4

⇒x=2

This line meet y-axis, then the value of x=0

Put the value x=0 in equation (i), we get

2×0−y=4

⇒−y=4

⇒y=−4

Thus, the equation meets x axis at (2,0) and y axis at (0,−4)

[tex].[/tex]

The solution to the system of equation is (3, -2)

Simultaneous equation

Given the simultaneous equation

4x - 5y = 22 ...................... * 1

2x + y = 4 ....................... *2

Using the elimination method;

4x - 5y = 22

4x + 2y = 8

Subtract

-5y - 2y = 22 - 8

-7y = 14

y = -2

Substitute y = -2 into  quation 1;

4x - 5y = 22

4x - 5(-2) = 22

4x + 10 = 22

4x = 12

x = 3

Hence the solution to the system of equation is (3, -2)

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what is an Oxbow lake?​

Answers

It’s a nice shaped lake that people

ii. Miles per hour?
2 Points
5. How far did the shoes travel from California to Hawaii?
= km X 0.62
= miles
a.
b. Which two ocean currents carried these shoes to Hawaii? - 2 Points
North Pacific &
C. How many days did it take for the shoes to travel to Hawaii?
d. What was the speed of the ocean current?
- 2 Points
2 Points
X-
i. Miles per day?
ii. Miles per hour?
6. When did the sneakers move faster, reaching land for the first time or traveling from California to
Hawaii? 1 Point
a. Why?? - 2 Points

Answers

Answer:

i hope it may help

Explanation:

Click to review the online content. Then answer the question(s) below, using complete sentences. Scroll down to view additional questions.
Online Content: Site 1

Explain how Islam became part of North African cultures.

Answers

Answer:ccording to Arab oral tradition, Islam first came to Africa with Muslim refugees fleeing persecution in the Arab peninsula. This was followed by a military invasion, some seven years after the death of the prophet Mohammed in 639, under the command of the Muslim Arab General, Amr ibn al-Asi. It quickly spread West from Alexandria in North Africa (the Maghreb), reducing the Christians to pockets in Egypt, Nubia and Ethiopia.Islam came to root along the East African coast some time in the 8th century, as part of a continuing dialogue between the people on the East coast and traders from the Persian Gulf and Oman. Like early Christianity, Islam was monotheistic, that is, Muslims worship only one God.Islam was a modernising influence, imposing a consistent order among different societies, strengthening powers of government and breaking down ethnic loyalties.Unlike Christianity, Islam tolerated traditional values, allowing a man to have more than one wife. For many, this made conversion to Islam easier and less upsetting than conversion to Christianity.In the early centuries of its existence, Islam in Africa had a dynamic and turbulent history, with reforming movements and dynasties clashing and succeeding each other. Gaining power depended on securing trade routes into gold-producing areas in Sub-Saharan Africa. Islamic rulers expanded north as well as south. In the last quarter of the 11th century, Islam dominated the Mediterranean world.In the 14th century the Black Death came from Europe and seriously undermined the social and economic life of North Africa, or the Maghreb, as it is known. However Islam remained the dominant religion.From the 16th to the 19th century, much of the Maghreb was under Ottoman rule. By the 1880's, Islam had taken root in one third of the continent.All dates are given according to the western calendar but can be converted online. 

Explanation: have fun

discussion on the different types of drought

Answers

Answer:

People tend to define droughts in three main ways: Meteorological drought occurs when there is a prolonged time with less than average precipitation. Meteorological drought usually precedes the other kinds of drought. Agricultural droughts affect crop production or the ecology of the range.

Explanation:

interview of tropical cyclone ​

Answers

A tropical cyclone (TC) is a rotational low-pressure system in tropics when the central pressure falls by 5 to 6 hPa from the surrounding and maximum sustained wind speed reaches 34 knots (about 62 kmph). It is a vast violent whirl of 150 to 800 km, spiraling around a centre and progressing along the surface of the sea at a rate of 300 to 500 km a day.
The word cyclone has been derived from Greek word ‘cyclos’ which means ‘coiling of a snake’. The word cyclone was coined by Heary Piddington who worked as a Rapporteur in Kolkata during British rule. The terms "hurricane" and "typhoon" are region specific names for a strong "tropical cyclone". Tropical cyclones are called “Hurricanes” over the Atlantic Ocean and “Typhoons” over the Pacific Ocean. The reason is that the earth's rotation sets up an apparent force (called the Coriolis force) that pulls the winds to the right in the Northern Hemisphere (and to the left in the Southern Hemisphere). So, when a low pressure starts to form over north of the equator, the surface winds will flow inward trying to fill in the low and will be deflected to the right and a counter-clockwise rotation will be initiated. The opposite (a deflection to the left and a clockwise rotation) will occur south of the equator.
This Coriolis force is too tiny to effect rotation in, for example, water that is going down the drains of sinks and toilets. The rotation in those will be determined by the geometry of the container and the original motion of the water. Thus, one can find both clockwise and counter-clockwise flowing drains no matter what hemisphere you are located. If you don't believe this, test it out for yourself.

What mathematical term can we use to describe the relationship between energy and matter movement in a longitudinal wave?

"Energy and the wave are moving in the same direction"

Perpendicular


Right Angle


Parallel

Answers

Answer- Parallel.

In-Line Answer:-

In a longitudinal wave, "Energy and the wave are moving in parallel direction"

Longitudinal waves describe the relationship of an energy flow and wave moving i.e. when they move in same direction are always parallel

What is longitudinal waves?

Waves moving in the same direction of the vibration, are called Longitudinal waves. It describes the relationship between  the matter movement and the energy flow.

So it can be said that energy and the wave are moving in the same direction are parallel to each other.

Therefore, it's appropriates to say they energy and wave move in the same direction in a longitudinal wave are parallel to each other.

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This person doesn't gain or lose energy through social interactions They're likely A a prospector B an extrovert. C an ambivert D. an introvert

Answers

Answer:

Ambivert

Explanation:

Ambiverts are normally balanced between extroversion and introversion. They can feel fulfilled alone or in a crowd.

what is the largest country?

Answers

Population wise: China
Landmass wise: Russia

Explanation:
Russia has lots of land.
China has a cr.ap ton of people

Answer:

I believe its russia

Explanation:

Russia is very big indeed


You're going on a trip to Africa, a place you know little about How can you
make the most of the trip and learn from it?
Check all that apply
A Ask questions
B 0. Be open to experiences
C Live and learn
D. Observe everything

Answers

B. Be open to experiences

what are the implications of river capture for recreation ​

Answers

Answer:

The results indicate that river capture leads to transient increases in species richness

Explanation:

When the path of a river changes, organisms in the captured regions are introduced into new drainage basins and may become genetically isolated from populations with which they previously could have bred.

The implications of river capture for recreation are:

It has negative effect on water bodies.Recreational activity is said to bring about reduced water quality.

How does recreational activities affect the quality of water?

There are social structural factors and also direct sensory experiences that aid the growth of environmental perceptions and views.

Studies has shown that when one is does outdoor recreation, it is said to be  systematically linked with more good water quality views and increased levels of opinions about impaired water quality.

Learn more about recreation from

https://brainly.com/question/1250493

how did tropical cyclone Eloise impact the environment

Answers

Answer:

the answer is in the explanation

Explanation:

Although the resettlement sites established in the aftermath of Cyclone Idai in 2019 were not flooded and proved to be safe locations, Cyclone Eloise affected the shelter and Water, Sanitation and Hygiene (WASH) structures in many sites due to strong winds and rains.

The tropical cyclone Eloise was a strong tropical cyclone that impacted the Africa country in 2019.

Some impact that the tropical cyclone Eloise had on the environment are:

loss of property and casualties as a result of heavy rainstrong windlarge storm surgestornadoes etc

Read more about tropical cyclone

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Impacts of South Atlantic High pressure cell and South Indian High pressure cell on social,economic and environment?

Answers

Answer:

In summer the Sub tropical High pressure belt (which includes the Kalahari high pressure) moves south with the Heat Equator. The subsiding air masses and clear conditions shift to south of the country.

Explanation:

i don't know i this is correct , im just guessing

The impact that the South Indian and South Atlantic high pressures cell had include:

a seasonal climatevarying weather conditions.

What is a high pressure cell?

A high pressure cell is also called an high pressure center.

The high pressure centers refers to a region where the pressure has been measured to be the highest relative to its surroundings.

Furthermore, at the area of high pressure center, if we move in any direction away from the "High pressure", we will experience a decrease in pressure.

In conclusion, the impact that the South Indian high pressure cell and South Atlantic high pressures cell had include a seasonal climate and varying weather conditions.

Read more about high pressure cell

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How many years ago is .3 million years?

How many years ago is .02 million years?

Answers

Answer:

below

Explanation:

.3 million years is three hundred thousand years ago and .2 is 200 thousand years ago

introduction about cyclone eloise​

Answers

Answer:

Says it's rude so... YEAH.

impact of south Indian high pressure cell social

Answers

Answer:

Globally, subtropical circulation in the lower troposphere is characterized by anticyclones over the oceans.

state five similarities between parallel and meridian.Assigment​

Answers

Answer:

That's the answer in the attachment above. Hope it's helpful. Please comment if you have any other questions.

why is amazon forest depleting

Answers

Answer:

The forests are cut down to make way for vast plantations where products such as bananas, palm oil, pineapple, sugar cane, tea, and coffee are grown. As with cattle ranching, the soil will not sustain crops for long, and after a few years, the farmers have to cut down more rainforest for new plantations.

Explanation:

The leading drivers of deforestation in the Amazon are:

Uncurbed expansion of ranching and unsustainable farming practices clear forests and leaves areas more prone to fires that can quickly become uncontrolled. That balance is upended by deforestation, forest fires, and global temperature rises. Experts warn that soon the water cycle will become irreversibly broken, locking in a trend of declining rainfall and longer dry seasons that began decades ago. At least half of the shrinking forest will give way to the savanna.

impact of South Indian high pressure cell and south antlantic high pressure cell on movement of cyclones

Answers

Answer:

South Atlantic High - Wikipedia

South Atlantic High is a semipermanent pressure high centered at about 25°S, 15°W, in the Atlantic Ocean. It is also called the St. Helena High, ...

Compare and contrast geological tilt and fold. (1 point)

A. In geology, both tilt and fold are deformations of rocks due to motion of tectonic plates. However, tilts can occur anywhere in the plate, and folds only occur at fault lines.

B. In geology, both tilt and fold can occur anywhere in a tectonic plate. However, folds are caused by volcanic activity, and tilts are caused by motion of tectonic plates.

C. In geology, both tilt and fold are deformations of rocks due to motion of tectonic plates. However, folds can occur anywhere in the plate, and tilts only occur at fault lines.

D. In geology, both tilt and fold can occur anywhere in a tectonic plate. However, tilts are caused by a volcanic activity, and folds are caused by motion of tectonic plates.​
HELP IS U RLLY KNOW
will give BRAINLYIST

Answers

Based on geological principles, it is true that A. In geology, both tilt and fold are deformations of rocks due to motion of tectonic plates. However, tilts can occur anywhere in the plate, and folds only occur at fault lines.

What is a way to compare and contrast tilts and folds?

Tilts and folds are both similar in that they represent the deformations and changes to rocks as a result of the movement of tectonic plates.

They are however different in that while tilts can occur anywhere, folding can only occur at fault lines as tectonic plates crash into each other.

In conclusion, option A is correct.

Find out more on tectonic plates at https://brainly.com/question/1162125.

how do u formulate a hypothesis for tropical cyclone​

Answers

Answer: Example, The tropical cyclone is going to travel from florida to North Carolina and cause heavy damage and hail because its very cold and ice will start to form.

Explanation:You have to make a guess on whats gonna happen and explain how i sit gonna happen and what is it going to impact. Another example from tornado.sfsu.edu :Example of Hypothesis: Tropical cyclones form over the warmest postions of the oceans where ocean temperatures are so warm that much water vapor is available to condense.

Assumed that you were a marine biologist. Choose a marine phyletic group and write a report on a diversity in the adaptations to the environment. How does the diversity and adaptations differ from the diversity encountered on land?

I chose the monophyletic group… but can’t seem to find any information for my questions.

Answers

The question is about writing a research report centered on a Marine Phyletic Group. It must be noted that researching the topic thoroughly comes first.

How can you structure a Research Report?

There are several steps to be taken to ensure that your report is of excellent grade.

Your research report must have the following structure:

IntroductionMethods and Materials used during your researchObservations and resultsAnalysisConclusion(s)Notes.

Your introduction must state your overall findings but not in detail. Details are best left for the body of the report which comprises of every section listed above except the Conclusion.

Remember to restate whatever hypothesis you might have used in the research here as well as the summary of your analysis in the conclusion.

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he hot spot volcanoes of Iceland and Hawaii create a tremendous amount of basalt, so nearby beaches are made of

Answers

As a result of the hot spot volcanoes of Iceland and Hawaii producing a huge amount of basalt, the nearby beaches are made of black sand.

What is the effect of Basalt on sand?

Basalt is a black volcanic rock that is commonly found around volcanoes. It has this coloration and appearance as a result of a high concentration of augite and other dark minerals.

Areas with a high concentration of basalts, such as beaches in Iceland and Hawaii, will reflect this dark hue coloration by generating black sand when combined with basalt.

Learn more on basalt here:

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what is the state that is a peninsula between the Gulf of Mexico and the Atlantic ocean

NEED HELP ASAP!!

Answers

Answer:

Florida

Explanation:

Florida is situated in The Gulf of mexico and atlantic Ocean

what was Hieroglyphics used for

Answers

Answer:

Hieroglyphs were mainly for religious writings.

Explanation:

Hieroglyphs were mainly for religious writings.

The brightness of a light is determined by _____.

A)
air temperature


B)
intensity of light waves


C)
wavelength


D)
wave speed

Answers

Answer: B

Explanation:

Answer:

Why i think C?

Brightness depends on light wave amplitude, the height of light waves. Brightness is also somewhat influenced by wavelength. Yellow light tends to look brighter than reds or blues. Saturation or colorfulness depends on light complexity, the range of wavelengths in light

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