SlideShare a Scribd company logo

QUESTION ONE Suppose a lowincome family that earns K750 per.pdf

•
•
A
adamswatch

QUESTION ONE Suppose a low-income family that earns K750 per month consumes 8 Kgs of Hamburgers and 2 Kgs of Beef in Month 1. However, in month 2 when the income of the family rises to K950, the quantity of Hamburgers consumed by the family reduces to 5 Kgs while the quantity of Beef increases to 4Kgs. I. What is the income elasticity of demand for hamburger? II. What is the income elasticity of demand for steak? III. Which of the two goods is an inferior good?.

Education
1 of 1
Download to read offline
QUESTION ONE Suppose a low-income family that earns K750 per month consumes 8 Kgs of Hamburgers and 2 Kgs of Beef in Month 1. However, in month 2 when the income of the family rises to K950, the quantity of Hamburgers consumed by the family reduces to 5 Kgs while the quantity of Beef increases to 4Kgs. I. What is the income elasticity of demand for hamburger? II. What is the income elasticity of demand for steak? III. Which of the two goods is an inferior good?

Recommended

quoctua 7p78s 1 fill in the Ponent square in I seure 2m.pdf
quoctua 7p78s 1 fill in the Ponent square in I seure 2m.pdfquoctua 7p78s 1 fill in the Ponent square in I seure 2m.pdf
quoctua 7p78s 1 fill in the Ponent square in I seure 2m.pdfadamswatch
 
ractice Test Unit 7 8 Old World vultures are birds that ha.pdf
ractice Test Unit 7 8 Old World vultures are birds that ha.pdfractice Test Unit 7 8 Old World vultures are birds that ha.pdf
ractice Test Unit 7 8 Old World vultures are birds that ha.pdfadamswatch
 
Rachel Hutchisson ile Kurumsal Sosyal Sorumluluk a Sona Er.pdf
Rachel Hutchisson ile Kurumsal Sosyal Sorumluluk a Sona Er.pdfRachel Hutchisson ile Kurumsal Sosyal Sorumluluk a Sona Er.pdf
Rachel Hutchisson ile Kurumsal Sosyal Sorumluluk a Sona Er.pdfadamswatch
 
Rabbits reproduce well like rabbits The average number of.pdf
Rabbits reproduce well like rabbits The average number of.pdfRabbits reproduce well like rabbits The average number of.pdf
Rabbits reproduce well like rabbits The average number of.pdfadamswatch
 
R3 64 Bir rnga kartuunun retimi iin bir FMEA ina edilme.pdf
R3 64 Bir rnga kartuunun retimi iin bir FMEA ina edilme.pdfR3 64 Bir rnga kartuunun retimi iin bir FMEA ina edilme.pdf
R3 64 Bir rnga kartuunun retimi iin bir FMEA ina edilme.pdfadamswatch
 
qus thes those is houth insuraned in the heyth ithretces He.pdf
qus thes those is houth insuraned in the heyth ithretces He.pdfqus thes those is houth insuraned in the heyth ithretces He.pdf
qus thes those is houth insuraned in the heyth ithretces He.pdfadamswatch
 
Quin es ms probable que tenga fuertes capacidades de impl.pdf
Quin es ms probable que tenga fuertes capacidades de impl.pdfQuin es ms probable que tenga fuertes capacidades de impl.pdf
Quin es ms probable que tenga fuertes capacidades de impl.pdfadamswatch
 
Question 9 Which of these statements is incorrect The LGN r.pdf
Question 9 Which of these statements is incorrect The LGN r.pdfQuestion 9 Which of these statements is incorrect The LGN r.pdf
Question 9 Which of these statements is incorrect The LGN r.pdfadamswatch
 

Recommended

quoctua 7p78s 1 fill in the Ponent square in I seure 2m.pdf
quoctua 7p78s 1 fill in the Ponent square in I seure 2m.pdfquoctua 7p78s 1 fill in the Ponent square in I seure 2m.pdf
quoctua 7p78s 1 fill in the Ponent square in I seure 2m.pdfadamswatch
 
ractice Test Unit 7 8 Old World vultures are birds that ha.pdf
ractice Test Unit 7 8 Old World vultures are birds that ha.pdfractice Test Unit 7 8 Old World vultures are birds that ha.pdf
ractice Test Unit 7 8 Old World vultures are birds that ha.pdfadamswatch
 
Rachel Hutchisson ile Kurumsal Sosyal Sorumluluk a Sona Er.pdf
Rachel Hutchisson ile Kurumsal Sosyal Sorumluluk a Sona Er.pdfRachel Hutchisson ile Kurumsal Sosyal Sorumluluk a Sona Er.pdf
Rachel Hutchisson ile Kurumsal Sosyal Sorumluluk a Sona Er.pdfadamswatch
 
Rabbits reproduce well like rabbits The average number of.pdf
Rabbits reproduce well like rabbits The average number of.pdfRabbits reproduce well like rabbits The average number of.pdf
Rabbits reproduce well like rabbits The average number of.pdfadamswatch
 
R3 64 Bir rnga kartuunun retimi iin bir FMEA ina edilme.pdf
R3 64 Bir rnga kartuunun retimi iin bir FMEA ina edilme.pdfR3 64 Bir rnga kartuunun retimi iin bir FMEA ina edilme.pdf
R3 64 Bir rnga kartuunun retimi iin bir FMEA ina edilme.pdfadamswatch
 
qus thes those is houth insuraned in the heyth ithretces He.pdf
qus thes those is houth insuraned in the heyth ithretces He.pdfqus thes those is houth insuraned in the heyth ithretces He.pdf
qus thes those is houth insuraned in the heyth ithretces He.pdfadamswatch
 
Quin es ms probable que tenga fuertes capacidades de impl.pdf
Quin es ms probable que tenga fuertes capacidades de impl.pdfQuin es ms probable que tenga fuertes capacidades de impl.pdf
Quin es ms probable que tenga fuertes capacidades de impl.pdfadamswatch
 
Question 9 Which of these statements is incorrect The LGN r.pdf
Question 9 Which of these statements is incorrect The LGN r.pdfQuestion 9 Which of these statements is incorrect The LGN r.pdf
Question 9 Which of these statements is incorrect The LGN r.pdfadamswatch
 
Quickly research the benefits and risks of Artificial Intell.pdf
Quickly research the benefits and risks of Artificial Intell.pdfQuickly research the benefits and risks of Artificial Intell.pdf
Quickly research the benefits and risks of Artificial Intell.pdfadamswatch
 
Queue Class Write a Queue class using doublylinked structu.pdf
Queue Class Write a Queue class using doublylinked structu.pdfQueue Class Write a Queue class using doublylinked structu.pdf
Queue Class Write a Queue class using doublylinked structu.pdfadamswatch
 
Questions on Voters Registration a What are the qualific.pdf
Questions on Voters Registration a What are the qualific.pdfQuestions on Voters Registration a What are the qualific.pdf
Questions on Voters Registration a What are the qualific.pdfadamswatch
 
Questions relating to PartyList System of Representation .pdf
Questions relating to PartyList System of Representation .pdfQuestions relating to PartyList System of Representation .pdf
Questions relating to PartyList System of Representation .pdfadamswatch
 
Queston 1 a The purpose of Cache is to Increase response ti.pdf
Queston 1 a The purpose of Cache is to Increase response ti.pdfQueston 1 a The purpose of Cache is to Increase response ti.pdf
Queston 1 a The purpose of Cache is to Increase response ti.pdfadamswatch
 
QUESTIONS TRUE OR FALSE 1 As the raw material of the plasti.pdf
QUESTIONS TRUE OR FALSE 1 As the raw material of the plasti.pdfQUESTIONS TRUE OR FALSE 1 As the raw material of the plasti.pdf
QUESTIONS TRUE OR FALSE 1 As the raw material of the plasti.pdfadamswatch
 
Questions on Host Range Study the diagram on the next page a.pdf
Questions on Host Range Study the diagram on the next page a.pdfQuestions on Host Range Study the diagram on the next page a.pdf
Questions on Host Range Study the diagram on the next page a.pdfadamswatch
 
QUESTIONS Some protocols call for a shorter incubation time .pdf
QUESTIONS Some protocols call for a shorter incubation time .pdfQUESTIONS Some protocols call for a shorter incubation time .pdf
QUESTIONS Some protocols call for a shorter incubation time .pdfadamswatch
 
Questions for Endocrine system 1 Compare autocrine paracr.pdf
Questions for Endocrine system 1 Compare autocrine paracr.pdfQuestions for Endocrine system 1 Compare autocrine paracr.pdf
Questions for Endocrine system 1 Compare autocrine paracr.pdfadamswatch
 
Questions on Differences in Virulence Study the diagram on t.pdf
Questions on Differences in Virulence Study the diagram on t.pdfQuestions on Differences in Virulence Study the diagram on t.pdf
Questions on Differences in Virulence Study the diagram on t.pdfadamswatch
 
Questions for hearing and equilibrium the ear 1 What are .pdf
Questions for hearing and equilibrium the ear 1 What are .pdfQuestions for hearing and equilibrium the ear 1 What are .pdf
Questions for hearing and equilibrium the ear 1 What are .pdfadamswatch
 
Questions 912 A study was conducted testing whether memory.pdf
Questions 912 A study was conducted testing whether memory.pdfQuestions 912 A study was conducted testing whether memory.pdf
Questions 912 A study was conducted testing whether memory.pdfadamswatch
 
Questions 3 Please represent the integer numbers in the fol.pdf
Questions 3 Please represent the integer numbers in the fol.pdfQuestions 3 Please represent the integer numbers in the fol.pdf
Questions 3 Please represent the integer numbers in the fol.pdfadamswatch
 
Questions 2 A01B0110C1101999D00006E06432F5882 Pl.pdf
Questions 2 A01B0110C1101999D00006E06432F5882 Pl.pdfQuestions 2 A01B0110C1101999D00006E06432F5882 Pl.pdf
Questions 2 A01B0110C1101999D00006E06432F5882 Pl.pdfadamswatch
 
Questions 16 1 Describe common documents found in an acut.pdf
Questions 16 1 Describe common documents found in an acut.pdfQuestions 16 1 Describe common documents found in an acut.pdf
Questions 16 1 Describe common documents found in an acut.pdfadamswatch
 
Question 72 from page 88 Rosner Study Guide Chapter 07 S.pdf
Question 72 from page 88 Rosner Study Guide Chapter 07 S.pdfQuestion 72 from page 88 Rosner Study Guide Chapter 07 S.pdf
Question 72 from page 88 Rosner Study Guide Chapter 07 S.pdfadamswatch
 
QUESTIONAs a final year Information Technology student of .pdf
QUESTIONAs a final year Information Technology student of .pdfQUESTIONAs a final year Information Technology student of .pdf
QUESTIONAs a final year Information Technology student of .pdfadamswatch
 
QUESTION TWO Your Group was integrating a biometric system w.pdf
QUESTION TWO Your Group was integrating a biometric system w.pdfQUESTION TWO Your Group was integrating a biometric system w.pdf
QUESTION TWO Your Group was integrating a biometric system w.pdfadamswatch
 
Question1 If Mr Mehta is an Insurance Advisor and in month.pdf
Question1 If Mr Mehta is an Insurance Advisor and in month.pdfQuestion1 If Mr Mehta is an Insurance Advisor and in month.pdf
Question1 If Mr Mehta is an Insurance Advisor and in month.pdfadamswatch
 
Question 6Calculate and interpret the following ratios .pdf
Question 6Calculate and interpret the following ratios .pdfQuestion 6Calculate and interpret the following ratios .pdf
Question 6Calculate and interpret the following ratios .pdfadamswatch
 
Mixin Classes in Odoo 17 How to Extend Models Using Mixin Classes
Mixin Classes in Odoo 17 How to Extend Models Using Mixin ClassesMixin Classes in Odoo 17 How to Extend Models Using Mixin Classes
Mixin Classes in Odoo 17 How to Extend Models Using Mixin ClassesCeline George
 
Unit-V; Pricing (Pharma Marketing Management).pptx
Unit-V; Pricing (Pharma Marketing Management).pptxUnit-V; Pricing (Pharma Marketing Management).pptx
Unit-V; Pricing (Pharma Marketing Management).pptxVishalSingh1417
 

More Related Content

More from adamswatch

Quickly research the benefits and risks of Artificial Intell.pdf
Quickly research the benefits and risks of Artificial Intell.pdfQuickly research the benefits and risks of Artificial Intell.pdf
Quickly research the benefits and risks of Artificial Intell.pdfadamswatch
 
Queue Class Write a Queue class using doublylinked structu.pdf
Queue Class Write a Queue class using doublylinked structu.pdfQueue Class Write a Queue class using doublylinked structu.pdf
Queue Class Write a Queue class using doublylinked structu.pdfadamswatch
 
Questions on Voters Registration a What are the qualific.pdf
Questions on Voters Registration a What are the qualific.pdfQuestions on Voters Registration a What are the qualific.pdf
Questions on Voters Registration a What are the qualific.pdfadamswatch
 
Questions relating to PartyList System of Representation .pdf
Questions relating to PartyList System of Representation .pdfQuestions relating to PartyList System of Representation .pdf
Questions relating to PartyList System of Representation .pdfadamswatch
 
Queston 1 a The purpose of Cache is to Increase response ti.pdf
Queston 1 a The purpose of Cache is to Increase response ti.pdfQueston 1 a The purpose of Cache is to Increase response ti.pdf
Queston 1 a The purpose of Cache is to Increase response ti.pdfadamswatch
 
QUESTIONS TRUE OR FALSE 1 As the raw material of the plasti.pdf
QUESTIONS TRUE OR FALSE 1 As the raw material of the plasti.pdfQUESTIONS TRUE OR FALSE 1 As the raw material of the plasti.pdf
QUESTIONS TRUE OR FALSE 1 As the raw material of the plasti.pdfadamswatch
 
Questions on Host Range Study the diagram on the next page a.pdf
Questions on Host Range Study the diagram on the next page a.pdfQuestions on Host Range Study the diagram on the next page a.pdf
Questions on Host Range Study the diagram on the next page a.pdfadamswatch
 
QUESTIONS Some protocols call for a shorter incubation time .pdf
QUESTIONS Some protocols call for a shorter incubation time .pdfQUESTIONS Some protocols call for a shorter incubation time .pdf
QUESTIONS Some protocols call for a shorter incubation time .pdfadamswatch
 
Questions for Endocrine system 1 Compare autocrine paracr.pdf
Questions for Endocrine system 1 Compare autocrine paracr.pdfQuestions for Endocrine system 1 Compare autocrine paracr.pdf
Questions for Endocrine system 1 Compare autocrine paracr.pdfadamswatch
 
Questions on Differences in Virulence Study the diagram on t.pdf
Questions on Differences in Virulence Study the diagram on t.pdfQuestions on Differences in Virulence Study the diagram on t.pdf
Questions on Differences in Virulence Study the diagram on t.pdfadamswatch
 
Questions for hearing and equilibrium the ear 1 What are .pdf
Questions for hearing and equilibrium the ear 1 What are .pdfQuestions for hearing and equilibrium the ear 1 What are .pdf
Questions for hearing and equilibrium the ear 1 What are .pdfadamswatch
 
Questions 912 A study was conducted testing whether memory.pdf
Questions 912 A study was conducted testing whether memory.pdfQuestions 912 A study was conducted testing whether memory.pdf
Questions 912 A study was conducted testing whether memory.pdfadamswatch
 
Questions 3 Please represent the integer numbers in the fol.pdf
Questions 3 Please represent the integer numbers in the fol.pdfQuestions 3 Please represent the integer numbers in the fol.pdf
Questions 3 Please represent the integer numbers in the fol.pdfadamswatch
 
Questions 2 A01B0110C1101999D00006E06432F5882 Pl.pdf
Questions 2 A01B0110C1101999D00006E06432F5882 Pl.pdfQuestions 2 A01B0110C1101999D00006E06432F5882 Pl.pdf
Questions 2 A01B0110C1101999D00006E06432F5882 Pl.pdfadamswatch
 
Questions 16 1 Describe common documents found in an acut.pdf
Questions 16 1 Describe common documents found in an acut.pdfQuestions 16 1 Describe common documents found in an acut.pdf
Questions 16 1 Describe common documents found in an acut.pdfadamswatch
 
Question 72 from page 88 Rosner Study Guide Chapter 07 S.pdf
Question 72 from page 88 Rosner Study Guide Chapter 07 S.pdfQuestion 72 from page 88 Rosner Study Guide Chapter 07 S.pdf
Question 72 from page 88 Rosner Study Guide Chapter 07 S.pdfadamswatch
 
QUESTIONAs a final year Information Technology student of .pdf
QUESTIONAs a final year Information Technology student of .pdfQUESTIONAs a final year Information Technology student of .pdf
QUESTIONAs a final year Information Technology student of .pdfadamswatch
 
QUESTION TWO Your Group was integrating a biometric system w.pdf
QUESTION TWO Your Group was integrating a biometric system w.pdfQUESTION TWO Your Group was integrating a biometric system w.pdf
QUESTION TWO Your Group was integrating a biometric system w.pdfadamswatch
 
Question1 If Mr Mehta is an Insurance Advisor and in month.pdf
Question1 If Mr Mehta is an Insurance Advisor and in month.pdfQuestion1 If Mr Mehta is an Insurance Advisor and in month.pdf
Question1 If Mr Mehta is an Insurance Advisor and in month.pdfadamswatch
 
Question 6Calculate and interpret the following ratios .pdf
Question 6Calculate and interpret the following ratios .pdfQuestion 6Calculate and interpret the following ratios .pdf
Question 6Calculate and interpret the following ratios .pdfadamswatch
 

More from adamswatch (20)

Quickly research the benefits and risks of Artificial Intell.pdf
Quickly research the benefits and risks of Artificial Intell.pdfQuickly research the benefits and risks of Artificial Intell.pdf
Quickly research the benefits and risks of Artificial Intell.pdf
 
Queue Class Write a Queue class using doublylinked structu.pdf
Queue Class Write a Queue class using doublylinked structu.pdfQueue Class Write a Queue class using doublylinked structu.pdf
Queue Class Write a Queue class using doublylinked structu.pdf
 
Questions on Voters Registration a What are the qualific.pdf
Questions on Voters Registration a What are the qualific.pdfQuestions on Voters Registration a What are the qualific.pdf
Questions on Voters Registration a What are the qualific.pdf
 
Questions relating to PartyList System of Representation .pdf
Questions relating to PartyList System of Representation .pdfQuestions relating to PartyList System of Representation .pdf
Questions relating to PartyList System of Representation .pdf
 
Queston 1 a The purpose of Cache is to Increase response ti.pdf
Queston 1 a The purpose of Cache is to Increase response ti.pdfQueston 1 a The purpose of Cache is to Increase response ti.pdf
Queston 1 a The purpose of Cache is to Increase response ti.pdf
 
QUESTIONS TRUE OR FALSE 1 As the raw material of the plasti.pdf
QUESTIONS TRUE OR FALSE 1 As the raw material of the plasti.pdfQUESTIONS TRUE OR FALSE 1 As the raw material of the plasti.pdf
QUESTIONS TRUE OR FALSE 1 As the raw material of the plasti.pdf
 
Questions on Host Range Study the diagram on the next page a.pdf
Questions on Host Range Study the diagram on the next page a.pdfQuestions on Host Range Study the diagram on the next page a.pdf
Questions on Host Range Study the diagram on the next page a.pdf
 
QUESTIONS Some protocols call for a shorter incubation time .pdf
QUESTIONS Some protocols call for a shorter incubation time .pdfQUESTIONS Some protocols call for a shorter incubation time .pdf
QUESTIONS Some protocols call for a shorter incubation time .pdf
 
Questions for Endocrine system 1 Compare autocrine paracr.pdf
Questions for Endocrine system 1 Compare autocrine paracr.pdfQuestions for Endocrine system 1 Compare autocrine paracr.pdf
Questions for Endocrine system 1 Compare autocrine paracr.pdf
 
Questions on Differences in Virulence Study the diagram on t.pdf
Questions on Differences in Virulence Study the diagram on t.pdfQuestions on Differences in Virulence Study the diagram on t.pdf
Questions on Differences in Virulence Study the diagram on t.pdf
 
Questions for hearing and equilibrium the ear 1 What are .pdf
Questions for hearing and equilibrium the ear 1 What are .pdfQuestions for hearing and equilibrium the ear 1 What are .pdf
Questions for hearing and equilibrium the ear 1 What are .pdf
 
Questions 912 A study was conducted testing whether memory.pdf
Questions 912 A study was conducted testing whether memory.pdfQuestions 912 A study was conducted testing whether memory.pdf
Questions 912 A study was conducted testing whether memory.pdf
 
Questions 3 Please represent the integer numbers in the fol.pdf
Questions 3 Please represent the integer numbers in the fol.pdfQuestions 3 Please represent the integer numbers in the fol.pdf
Questions 3 Please represent the integer numbers in the fol.pdf
 
Questions 2 A01B0110C1101999D00006E06432F5882 Pl.pdf
Questions 2 A01B0110C1101999D00006E06432F5882 Pl.pdfQuestions 2 A01B0110C1101999D00006E06432F5882 Pl.pdf
Questions 2 A01B0110C1101999D00006E06432F5882 Pl.pdf
 
Questions 16 1 Describe common documents found in an acut.pdf
Questions 16 1 Describe common documents found in an acut.pdfQuestions 16 1 Describe common documents found in an acut.pdf
Questions 16 1 Describe common documents found in an acut.pdf
 
Question 72 from page 88 Rosner Study Guide Chapter 07 S.pdf
Question 72 from page 88 Rosner Study Guide Chapter 07 S.pdfQuestion 72 from page 88 Rosner Study Guide Chapter 07 S.pdf
Question 72 from page 88 Rosner Study Guide Chapter 07 S.pdf
 
QUESTIONAs a final year Information Technology student of .pdf
QUESTIONAs a final year Information Technology student of .pdfQUESTIONAs a final year Information Technology student of .pdf
QUESTIONAs a final year Information Technology student of .pdf
 
QUESTION TWO Your Group was integrating a biometric system w.pdf
QUESTION TWO Your Group was integrating a biometric system w.pdfQUESTION TWO Your Group was integrating a biometric system w.pdf
QUESTION TWO Your Group was integrating a biometric system w.pdf
 
Question1 If Mr Mehta is an Insurance Advisor and in month.pdf
Question1 If Mr Mehta is an Insurance Advisor and in month.pdfQuestion1 If Mr Mehta is an Insurance Advisor and in month.pdf
Question1 If Mr Mehta is an Insurance Advisor and in month.pdf
 
Question 6Calculate and interpret the following ratios .pdf
Question 6Calculate and interpret the following ratios .pdfQuestion 6Calculate and interpret the following ratios .pdf
Question 6Calculate and interpret the following ratios .pdf
 

Recently uploaded

Mixin Classes in Odoo 17 How to Extend Models Using Mixin Classes
Mixin Classes in Odoo 17 How to Extend Models Using Mixin ClassesMixin Classes in Odoo 17 How to Extend Models Using Mixin Classes
Mixin Classes in Odoo 17 How to Extend Models Using Mixin ClassesCeline George
 
Unit-V; Pricing (Pharma Marketing Management).pptx
Unit-V; Pricing (Pharma Marketing Management).pptxUnit-V; Pricing (Pharma Marketing Management).pptx
Unit-V; Pricing (Pharma Marketing Management).pptxVishalSingh1417
 
Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...ZurliaSoop
 
Vishram Singh - Textbook of Anatomy Upper Limb and Thorax.. Volume 1 (1).pdf
Vishram Singh - Textbook of Anatomy Upper Limb and Thorax.. Volume 1 (1).pdfVishram Singh - Textbook of Anatomy Upper Limb and Thorax.. Volume 1 (1).pdf
Vishram Singh - Textbook of Anatomy Upper Limb and Thorax.. Volume 1 (1).pdfssuserdda66b
 
2024-NATIONAL-LEARNING-CAMP-AND-OTHER.pptx
2024-NATIONAL-LEARNING-CAMP-AND-OTHER.pptx2024-NATIONAL-LEARNING-CAMP-AND-OTHER.pptx
2024-NATIONAL-LEARNING-CAMP-AND-OTHER.pptxMaritesTamaniVerdade
 
SKILL OF INTRODUCING THE LESSON MICRO SKILLS.pptx
SKILL OF INTRODUCING THE LESSON MICRO SKILLS.pptxSKILL OF INTRODUCING THE LESSON MICRO SKILLS.pptx
SKILL OF INTRODUCING THE LESSON MICRO SKILLS.pptxAmanpreet Kaur
 
Introduction to Nonprofit Accounting: The Basics
Introduction to Nonprofit Accounting: The BasicsIntroduction to Nonprofit Accounting: The Basics
Introduction to Nonprofit Accounting: The BasicsTechSoup
 
Holdier Curriculum Vitae (April 2024).pdf
Holdier Curriculum Vitae (April 2024).pdfHoldier Curriculum Vitae (April 2024).pdf
Holdier Curriculum Vitae (April 2024).pdfagholdier
 
ICT Role in 21st Century Education & its Challenges.pptx
ICT Role in 21st Century Education & its Challenges.pptxICT Role in 21st Century Education & its Challenges.pptx
ICT Role in 21st Century Education & its Challenges.pptxAreebaZafar22
 
Python Notes for mca i year students osmania university.docx
Python Notes for mca i year students osmania university.docxPython Notes for mca i year students osmania university.docx
Python Notes for mca i year students osmania university.docxRamakrishna Reddy Bijjam
 
How to Manage Global Discount in Odoo 17 POS
How to Manage Global Discount in Odoo 17 POSHow to Manage Global Discount in Odoo 17 POS
How to Manage Global Discount in Odoo 17 POSCeline George
 
1029-Danh muc Sach Giao Khoa khoi 6.pdf
1029-Danh muc Sach Giao Khoa khoi 6.pdf1029-Danh muc Sach Giao Khoa khoi 6.pdf
1029-Danh muc Sach Giao Khoa khoi 6.pdfQucHHunhnh
 
TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...
TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...
TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...Nguyen Thanh Tu Collection
 
Salient Features of India constitution especially power and functions
Salient Features of India constitution especially power and functionsSalient Features of India constitution especially power and functions
Salient Features of India constitution especially power and functionsKarakKing
 
FSB Advising Checklist - Orientation 2024
FSB Advising Checklist - Orientation 2024FSB Advising Checklist - Orientation 2024
FSB Advising Checklist - Orientation 2024Elizabeth Walsh
 
The basics of sentences session 3pptx.pptx
The basics of sentences session 3pptx.pptxThe basics of sentences session 3pptx.pptx
The basics of sentences session 3pptx.pptxheathfieldcps1
 
Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...
Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...
Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...christianmathematics
 
On National Teacher Day, meet the 2024-25 Kenan Fellows
On National Teacher Day, meet the 2024-25 Kenan FellowsOn National Teacher Day, meet the 2024-25 Kenan Fellows
On National Teacher Day, meet the 2024-25 Kenan FellowsMebane Rash
 
Unit-IV- Pharma. Marketing Channels.pptx
Unit-IV- Pharma. Marketing Channels.pptxUnit-IV- Pharma. Marketing Channels.pptx
Unit-IV- Pharma. Marketing Channels.pptxVishalSingh1417
 

Recently uploaded (20)

Mixin Classes in Odoo 17 How to Extend Models Using Mixin Classes
Mixin Classes in Odoo 17 How to Extend Models Using Mixin ClassesMixin Classes in Odoo 17 How to Extend Models Using Mixin Classes
Mixin Classes in Odoo 17 How to Extend Models Using Mixin Classes
 
Unit-V; Pricing (Pharma Marketing Management).pptx
Unit-V; Pricing (Pharma Marketing Management).pptxUnit-V; Pricing (Pharma Marketing Management).pptx
Unit-V; Pricing (Pharma Marketing Management).pptx
 
Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
 
Vishram Singh - Textbook of Anatomy Upper Limb and Thorax.. Volume 1 (1).pdf
Vishram Singh - Textbook of Anatomy Upper Limb and Thorax.. Volume 1 (1).pdfVishram Singh - Textbook of Anatomy Upper Limb and Thorax.. Volume 1 (1).pdf
Vishram Singh - Textbook of Anatomy Upper Limb and Thorax.. Volume 1 (1).pdf
 
2024-NATIONAL-LEARNING-CAMP-AND-OTHER.pptx
2024-NATIONAL-LEARNING-CAMP-AND-OTHER.pptx2024-NATIONAL-LEARNING-CAMP-AND-OTHER.pptx
2024-NATIONAL-LEARNING-CAMP-AND-OTHER.pptx
 
SKILL OF INTRODUCING THE LESSON MICRO SKILLS.pptx
SKILL OF INTRODUCING THE LESSON MICRO SKILLS.pptxSKILL OF INTRODUCING THE LESSON MICRO SKILLS.pptx
SKILL OF INTRODUCING THE LESSON MICRO SKILLS.pptx
 
Introduction to Nonprofit Accounting: The Basics
Introduction to Nonprofit Accounting: The BasicsIntroduction to Nonprofit Accounting: The Basics
Introduction to Nonprofit Accounting: The Basics
 
Holdier Curriculum Vitae (April 2024).pdf
Holdier Curriculum Vitae (April 2024).pdfHoldier Curriculum Vitae (April 2024).pdf
Holdier Curriculum Vitae (April 2024).pdf
 
ICT Role in 21st Century Education & its Challenges.pptx
ICT Role in 21st Century Education & its Challenges.pptxICT Role in 21st Century Education & its Challenges.pptx
ICT Role in 21st Century Education & its Challenges.pptx
 
Python Notes for mca i year students osmania university.docx
Python Notes for mca i year students osmania university.docxPython Notes for mca i year students osmania university.docx
Python Notes for mca i year students osmania university.docx
 
How to Manage Global Discount in Odoo 17 POS
How to Manage Global Discount in Odoo 17 POSHow to Manage Global Discount in Odoo 17 POS
How to Manage Global Discount in Odoo 17 POS
 
1029-Danh muc Sach Giao Khoa khoi 6.pdf
1029-Danh muc Sach Giao Khoa khoi 6.pdf1029-Danh muc Sach Giao Khoa khoi 6.pdf
1029-Danh muc Sach Giao Khoa khoi 6.pdf
 
TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...
TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...
TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...
 
Salient Features of India constitution especially power and functions
Salient Features of India constitution especially power and functionsSalient Features of India constitution especially power and functions
Salient Features of India constitution especially power and functions
 
Spatium Project Simulation student brief
Spatium Project Simulation student briefSpatium Project Simulation student brief
Spatium Project Simulation student brief
 
FSB Advising Checklist - Orientation 2024
FSB Advising Checklist - Orientation 2024FSB Advising Checklist - Orientation 2024
FSB Advising Checklist - Orientation 2024
 
The basics of sentences session 3pptx.pptx
The basics of sentences session 3pptx.pptxThe basics of sentences session 3pptx.pptx
The basics of sentences session 3pptx.pptx
 
Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...
Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...
Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...
 
On National Teacher Day, meet the 2024-25 Kenan Fellows
On National Teacher Day, meet the 2024-25 Kenan FellowsOn National Teacher Day, meet the 2024-25 Kenan Fellows
On National Teacher Day, meet the 2024-25 Kenan Fellows
 
Unit-IV- Pharma. Marketing Channels.pptx
Unit-IV- Pharma. Marketing Channels.pptxUnit-IV- Pharma. Marketing Channels.pptx
Unit-IV- Pharma. Marketing Channels.pptx
 

QUESTION ONE Suppose a lowincome family that earns K750 per.pdf

  • 1. QUESTION ONE Suppose a low-income family that earns K750 per month consumes 8 Kgs of Hamburgers and 2 Kgs of Beef in Month 1. However, in month 2 when the income of the family rises to K950, the quantity of Hamburgers consumed by the family reduces to 5 Kgs while the quantity of Beef increases to 4Kgs. I. What is the income elasticity of demand for hamburger? II. What is the income elasticity of demand for steak? III. Which of the two goods is an inferior good?