The income elasticity of real money demand d. 3/4
Increase in real money demand = Increase in nominal money demand - Increase in inflation = 4% - 1% = 3%
Income elasticity of real money demand = % increase in real money demand / % increase in real income
= 3% / 4%
= 3/4
Income elasticity of demand is a monetary measure of how responsive the amount of demand for a very good or provider is to trade-in earnings. The formulation for calculating earnings elasticity of demand is the percentage change in quantity demanded divided by using the percent change in earnings.
In economics, the profits elasticity of call for is the responsivenesses of the quantity demanded an amazing to an alternate in patron profits. It is measured because of the ratio of the share exchange in the amount demanded to the proportion exchange in profits.
If the earnings elasticity of call for is more than 1, the best or carrier is taken into consideration a luxury and profits elastic. An amazing provider that has an earnings elasticity of call for between zero and 1 is considered an ordinary correct and income inelastic.
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In business, it is important to establish your credibility from your first day on the job.
Gaining a reputation enables you to speak more persuasively and with greater ease. Work results and financial success are significantly impacted by the degree of trust in working relationships.
<h3>Why is it important to gain credibility?</h3>
Employee mistrust and disengagement are caused by ineffective leadership, which affects the organization's revenue as well as its reputation. According to studies, a leader's trustworthiness affects employee engagement, which in turn affects the performance and productivity of the firm.
your well-deserved reputation as a reliable person who does their work well cares about the people they work with and for, upholds high moral standards and values both personally and professionally, and keeps their word. The extent to which others trust or believe in you is referred to as credibility.
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Answer:
X=140.524.4≅140,524 Packages
Correct option is C (140,524)
Explanation:
Given Data:
Up-Town Express processed =89,233 packages this month
Less than last month=36.5%=0.365
Required:
Packages did they process last month=?
Solution:
Let say X is the number of Packages they process last month.
Equation from above data:
89233+0.365X=X
89233=X-0.365X
0.635X=89233
X=89233/0.635
X=140.524.4≅140,524 Packages
Correct option is C (140,524)
I believe the answer is D. Hiring employees.
Hope that helped.
