Answer:
if a change in the price of the good brings about a much smaller change in the quantity demanded for the good.
Explanation:
<em>The price elasticity of demand is a measure of the change in the demand for a good in relation to a change in the price of the same good. </em>Mathematically, the price elasticity of demand for a product is represented as:
Price elasticity = change in the quantity demanded/change in price
The value of price elasticity of demand ranges from 0 to infinity. The price elasticity of demand is
- relatively inelastic when the value is less than 1,
- unitary elastic when it is equal to 1,
- relatively elastic when it is greater than 1,
- perfectly inelastic when it is equal to 0, and
- perfectly elastic when the value is infinity.
<u>Less elastic price elasticity of demand is equivalent to relatively inelastic price elasticity. This thus means that the price elasticity of demand is less than 1; a percentage change in the price of the good brings about a disproportionately smaller percentage change in the quantity demanded for the good.</u>
Answer:
The net present value of this project is $5,809.78.
Explanation:
Note: See the attached excel file for the calculation of net present value of this project.
In the attached excel file, the discounting factor is calculated as follows:
Discounting factor = 1 / (100% + required rate of return)^n
Where n is a particular year in focus.
From the attached excel file, we have:
Net present value = $5,809.78
Therefore, the net present value of this project is $5,809.78.
Answer:Rational expressions are fractions that have a polynomial in the numerator, denominator, or both. ... There are no numbers that can do this, so we say “division by zero is undefined”. ... Find any values for x that would make the denominator equal to 0 by setting the ... Answer. The domain is all real numbers except −9 and 1.
Explanation:
Answer:
1. Political affiliation is a right for any human being then you should show the command of the position you are applying to instead of agreement to political views.
2. That is information that is detailed in your Curriculum Vitae.
3. You could state that you are not any under obligation to disclaim your political party affiliation.
4. As the objective is to select the candidate that fits the challenges of the position but nobody is ever a perfect match for a job as interest such as salary, schedule, are open to negotiation
Explanation:
Answer:
Business interest deduction limitation does not allow net business expenses (business interest expense less business interest income) greater than 30% of the adjustable tax income of the business.
Amounts that fall into this category can be carried for Ward to future tax years for indefinite number of times until it can be applied.
Individuals exempted from business income deduction limitation include real estate and farming businesses. For these businesses they are not automatically exempted, but must elect to be exempted.
Explanation:
