One of these four answers is a characteristic of allocative efficiency Which one? The net proceeds of all economic activities are evenly distributed

One of these four answers is a characteristic of allocative efficiency Which one? The net proceeds of all economic activities are evenly distributed. The combination of products society produces are most desired by society. The firm will set price equal to minimum average total cost. Prices are set by the government
Ifa pastrami sandwich is considered a normal good, when income in Oxnard goes up, the effect on pastrami sandwich In Oxnard will be no change in the demand O a decrease in the demand an increase in the demand an increase in the supply
Suppose that the quantity demanded of guitars rises by 15% when income rises by 10%. What is the income elasticity of demand for guitars? Round your answer to the nearest hundredth. Your answer may be a poslove or negative number