Economist X. M. Gao and two colleagues have estimated that the cross-price elasticity of demand between beer and spirits is 0.15 If so, then beer and spirits are substitutes Gao and colleagues have estimated that the cross-price elasticity of demand between beer and wine is 0.31 If the price of wine increases by 10 percent, then the quantity of beer demanded will ▼| by □ percent. (Enter your response rounded to one decimal place.) In addition, Gao and colleagues have estimated the income elasticity of demand for beer to be 0.09 If so, then beer is 0 A, a luxury that may be a normal good or an inferior good. O B. a normal good that is a necessity 0 C, an inferior good O D. a normal good that may be a luxury or a necessity O E. a normal good that is a luxury

Wren pork company uses the value basis of allocating joint costs in its production of pork products. relevant information for the current period follows: product pounds price/lb. loin chops 3,000 $ 5.00 ground 10,000 2.00 ribs 4,000 4.75 bacon 6,000 3.50 the total joint cost for the current period was $43,000. how much of this cost should wren pork allocate to loin chops?

Complete the sentences. upper a decrease in current income taxes the supply of loanable funds today because it a. decreases; increases disposable income, which decreases saving b. has no effect on; doesn't change expected future disposable income c. decreases; decreases expected future disposable income d. increases; increases disposable income, which encourages greater saving upper a decrease in expected future income a. increases the supply of loanable funds today because households with smaller expected future income will save more today b. has no effect on the supply of loanable funds c. decreases the supply of loanable funds because it decreases wealth d. decreases the supply of loanable funds today because households with smaller expected future income will save less today

Why is it vital to maintain a designer worksheet? a. it separates the designs chosen for the season from those rejected by the company. b. it keeps a record of all designs created by the designer for a season. c. it charts out the development of an entire line through the season and beyond. d. it tracks the development of a design along with costing and production details. done