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Kisachek [45]
2 years ago
10

If the price of good X rises and the demand for good X is inelastic, then the percentage fall in quantity demanded is __________

__ the percentage change in price, and total revenue _________.
Business
1 answer:
Dominik [7]2 years ago
6 0

If the price of good X rises and the demand for good X is inelastic, then the percentage fall in quantity demanded is greater than the percentage change in price, and total revenue falls.

Demand elasticity, often known as the elasticity of demand, gauges how consumers react to changes in price or income. Due to the fact that the price of a good or service is the most typical economic component used to measure it, it is frequently referred to as price elasticity of demand.

The whole amount of money a seller can make by providing goods or services to customers is known as total revenue. The formula for this is P\times Q, or the purchase price times the quantity of the products sold.

Learn more about elasticity of demand here brainly.com/question/24384825

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I contract with you to buy your desk for $100. Is this an example of common law or UCC?
Airida [17]
Its an example of UCC
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A notice is published stating that RMO 5% convertible preferred stock will be called at $60 per share. The preferred is converti
dybincka [34]

Answer: d. A price near $60

Explanation:

The Preferred Stock was selling at $56 then a notice was circulated that RMO would be calling the stock at a price of $60.

This $60 is more than the current $56 and so this will need to reflect in the price of the stock. The adjustment will cause the Preferred stock to start trading near $60 as traders will seek to take advantage of the impending call by buying at a lower price and thus making a bit of profit when the stock is called at $60. The market will adjust to this because the Preferred stock will be perceived as undervalued. A price closer to the Call price will therefore become the new price to properly value the stock.

6 0
3 years ago
Why is the automobile industry considered an oligopoly?
aleksandr82 [10.1K]

Answer:

It has significant barriers to entry.

It depends on brand loyalty and image to generate sales.

It is dominated by a few key players.

Explanation: Let me know if it is right

6 0
3 years ago
Read 2 more answers
Click and drag the term to correspond with its correct definition. Not all terms will be used. Corporate action in which one com
bagirrra123 [75]

Answer:

Explanation:

Corporate action in which one company buys the assets and obligations of another company and assumes control. - Acquisition

The joining of two or more business entities into a single entity. - Merger

Business entity owned, controlled and operated by a group of users for their own benefit. - Cooperative

Form of business in which one party gives another rights to sell its products or services and use its business format in a certain geographic area. - Franchise

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6 0
2 years ago
Holly loaned funds at 12or 30 days and earned $500 in interest. how much is the principal on this loan (use ordinary interest)?
Mamont248 [21]

$50,000 is the principal amount.

When you initially apply for a house loan, you borrow a certain amount of money, which is known as the principle. Simply deduct your down payment from the final selling price of your house to determine your mortgage principal.

The formula for calculating the Principal amount would be P = I / (RT) where Interest is Interest Amount, R is Rate of Interest and T is Time Period.

I = $ 500

RT= .12 X 30/360

So,

P = I/RT

P= 500/0.01

P= $50,000

Holly loaned funds at 12 or 30 days and earned $500 in interest. The principal amount on this loan is $50,000

To learn more about the Principal amount

brainly.com/question/12313365

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4 0
1 year ago
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