Answer:
a. -1.25
b. -1.25
Explanation:
Price elasticity is used to measure the change in demand as a result of a change in price.
Formula is;
= % change in Quantity/ % change in Price
a. Suppose the price increases from $1.00 to $1.50. The price elasticity of demand is:
% change in Quantity using the midpoint formula;
% Change in Price using midpoint formula
= -0.5/0.4
= -1.25
b. Suppose the price decreases from $1.50 to $1.00. The price elasticity of demand is:
% change in Quantity using the midpoint formula;
% Change in Price using midpoint formula
= 0.5/-0.4
= -1.25
I wanna say d would be the answer but it could also be banking services
Answer:
the favorite foods of everyone in the audience
health issues that affect a majority of the audience
Explanation:
The presentation must include personal relevant data for the audience otherwise they won’t feel connected to the subject. Having this in mind Keith best approach in her presentation is to be close regarding food preferences and link them to good preparation practices in order to prevent common diseases.
Answer:
When the board of directors asked that the company stop underwriting the PGA event the CEO knew, that the decision which he made with the company’s best interest in mind, lacked foresight.
Explanation:
(I think...)
Answer:
Since there is not enough room here, I used an excel spreadsheet to answer the question.
Assets increased by $8,440
Stockholders' equity increased by $8,440
Revenues increased by $8,440
Cash flows increased by $6,040
Explanation:
The accounting equation: Assets = Liabilities + Stockholders' Equity, basically represents how the double entry accounting system works. One side (assets) must always be equal to the other side (liabilities + stockholders' equity).
