All categories

2 years ago

If the demand for product x is inelastic, a 4 percent decrease in the price of x will.

Business

1 answer:

NeTakaya2 years ago

3 0

A 4 percent decrease in the price will lead to an increase in the quantity demanded by less than 4 percent.

<h3>What is demand?</h3>

Demand simply means the amount of goods and services that a buyer wants to buy at a particular price and time.

When the demand for product x is inelastic, a 4 percent decrease in the price of x will lead to an increase in the quantity demanded by less than 4 percent.

Learn more about demand on:

brainly.com/question/1245771

You might be interested in

Assume the return on a market index represents the common factor and all stocks in the economy have a beta of 1. Firm-specific r

VashaNatasha [74]

Answer:

a. The expected return, and the standard deviation of the analyst’s profit is $95,200 and $262,962.

b. If the analyst examines 50 stocks instead of 20 the Standard deviation would be $ 166,312

c. If the analyst examines 100 stocks instead of 20 the Standard deviation would be $ 117,600

Explanation:

a. In order to calculate the expected return and the standard deviation of the analyst’s profit we would have to make the following calculations:

Expected Return = 1400000*(3.4% + 1*Rm) - 1400000*(-3.4% + 1*Rm)

Expected Return = 47600 + 1400000Rm +47600 - 1400000Rm

Expected Return = $ 95,200

Equal Investment = 1400000/10 = 140000

Variance = 20*((140000*42%)^2) = $ 69,148,800,000

Standard deviation = Variance^(1/2)

Standard deviation = 69,148,800,000^(1/2)

Standard deviation = $ 262,962

b. if n= 50 Stock. then:

Equal Investment = 1400000/25 = 56000

Variance = 50*((56000*42%)^2) = $ 27,659,520,000

Standard deviation = Variance^(1/2)

Standard deviation = 27,659,520,000^(1/2)

Standard deviation = $ 166,312

c. if n= 100 Stock, then:

Equal Investment = 1400000/50 = 28000

Variance = 100*((28000*42%)^2) = $ 13,829,760,000

Standard deviation = Variance^(1/2)

Standard deviation = 13,829,760,000^(1/2)

Standard deviation = $ 117,600

8 0

3 years ago

when darla prepares her company's balance sheet, she should include in the list of current assets. a. land b. equipment c. lease

lakkis [162]

When Darla prepares her company's balance sheet, she should include accounts receivable in the list of current assets. Option D

<h3>What are accounts receivable?</h3>

Generally, Accounts receivable, also known as AR or A/R, are claims for payment that are legally enforceable that are held by a firm for products delivered or services performed that consumers have requested but have not yet paid for. The abbreviation for accounts receivable is accounts receivable.

The money that consumers owe a firm for products or services that they have received but have not yet paid for is referred to as the company's accounts receivable.

For instance, the amount that is owed by consumers who buy things on credit is added to the accounts receivable when such customers make their purchases.

In conclusion, When Darla is putting out the balance sheet for her firm, she needs to make sure that the list of current assets includes accounts receivable. The D Option

Read more about accounts receivable

brainly.com/question/24261944

#SPJ1

when darla prepares her company's balance sheet, she should include ___ in the list of current assets. a. land b. equipment c. leased property d. accounts receivable

6 0

1 year ago

After a report that saving in the united states is at an all time low, jeopardizing many family's retirement plans, americans be

Ivanshal [37]

Savings usually have positive impacts on economic growth of a nation. Firstly, increase in the amount of money saved increase the amount of money that are available in the banks which can be used for investment purposes that will benefit the economy. Secondly, high saving rate in an economy increases the ability of that economy to recover from inflation and recession. Personally and nationally, saving helps to cope better with economic and financial down turns.

5 0

4 years ago

The answers to an economy's three central economic problems are determined by the interaction of three forces: economic forces,

jeka57 [31]

Correct/Complete Question:

The answers to an economy's three central economic problems are determined by the interaction of three forces: economic forces, political forces, and social forces. True or False

Answer:

True

Explanation:

The above forces, economic, political and social determine the answers to the three economic problems and also determines how economic forces operate in an economy. The three economic questions are;

- What goods and services should be produced?

- How should these goods and services be produced?

- Who consumes these goods and services?

Political forces are forces that influence the economic and political stability of the market. Social forces include cultural influences on the economic stability of the market. Economic forces on the other hand are the factors that determine/influence the competitiveness of the market in which a firm operates.

I hope this helps.

5 0

3 years ago

On January 6, Brumbaugh Co. sells merchandise on account to Pryor Inc. for $7,000, terms 2/10, n/30. On January 16, Pryor Inc. p

Harrizon [31]

Answer:

No. Date Accounts titles and explanation Debit Credit

(a) Jan. 6 Accounts receivable $7,600

Sales $7,600

Jan. 16 Cash $7,296

Sales discounts($7,600 * 4%) $304

Accounts receivable $7,600

(b) Jan. 10 Accounts receivable $13,300

Sales $13,300

Feb. 12 Cash $6,650

Accounts receivable $6,650

Mar. 10 Accounts receivable $133

Interest revenue(6,650 * 2%) $133

7 0

3 years ago

Read 2 more answers