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Uniform circular motion: A Ferris wheel has diameter of 10 m and makes one revolution in 8.0 seconds. A person weighing 670 N is sitting on one of the benches attached at the rim of the wheel. What is the apparent weight (that is, the normal force exerted on her by the bench) of the person as she passes through the highest point of her motion?
Income Elasticity
An assessment of the variation in consumer demand for a product or service based on fluctuations in the consumer's income.
Consumer Income
The total income that consumers have available to spend on goods and services, after taxes and other deductions.
Normal Goods
Goods for which demand increases as consumer income rises, and decreases as consumer income falls.
Income Elasticity
A measure of how the demand for a good or service changes in response to changes in consumers' income.
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