Answer:
1.3
Explanation:
Given:
If Good C increases in price by 30% a pound.
This causes the quantity demanded for Good D to increase by 40%.
Question asked:
What is the cross-price elasticity of the two goods ?
Solution:
We can find the cross-price elasticity of the two goods by this formula:
When Good C increases in price by 30% which causes the quantity demanded for Good D to increase by 40%, then the cross-price elasticity of the is Good C and Good D is 1.3.
Answer: =MONTH(F5)
Explanation:
The MONTH function in Excel returns the month, a number from 1 (January) to 12 (December).
It’s syntax is;
“=MONTH(serial_number)”
Where serial number refers to the date in question, which could either be a date itself or a cell reference.
The MONTH function is used to extract the month number from a date.
If cell F5 contains “July 8, 2016”, the formula “=MONTH(F5)” inputed in another cell will give the value “7”.
This is because the month July is the 7th month of the year.
Answer:
The supply of loanable funds is independent of the rate of interest Interest rates
Explanation:
Interest rate is the rate earned on deposits or the rate charged on loans.
Interest rate could be real or nominal
Nominal interest rate is real interest rate plus inflation rate
Real interest rate is interest rate that has been adjusted for inflation
equilibrium interest rate is determined by the intersection of the demand for loanable funds curve and the supply of loanable funds curve. if interest rate is above equilibrium level, there would be an excess supply of funds and if interest rate is below equilibrium rate, there would be an excess demand of funds.
the higher the risk of a project, the higher the interest rate investors would demand. Also interest rate tends to be higher with an extension of loan period.
<span>The result of a strong, effective, market supporting formal institution is a developed economy. A developed economy can be found in a developed and industrialized country. It will be a sovereign state that is highly developed in technology and infrastructure.</span>
