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Natali [406]
1 year ago
9

The price of a camera decreases from $200 to $180, and in response to the price change the quantity demanded increases from 60 t

o 70 units. Therefore, demand for cameras in this price range is.
Business
1 answer:
bonufazy [111]1 year ago
7 0

The price of a camera decreases from $200 to $180, and in response to the price change the quantity demanded increases from 60 to 70 units. Therefore, demand for cameras in this price range is inelastic.

An economic word known as "inelasticity" describes an item or service's unchanging quantity when its price varies. When prices rise, consumers' purchasing patterns essentially stay the same, and when prices fall, those same purchasing patterns still hold true. This is known as inelastic demand. When an item or service's quantity remains constant when its price increases, it is said to be "inelastic. "When a good or service's price increases or decreases, consumers' purchasing patterns essentially stay the same. The same is true when the price of the good or service decreases. The demand for an item or service that is totally inelastic would not fluctuate regardless of price; however, no such good or service exists. Elastic contrasts with inelastic.

To learn more about inelasticity visit here;

brainly.com/question/28192591

#SPJ4

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Places where early peoples met and traded developed into __________.
Cloud [144]

I believe the answer would be Trade Routes, however take that with a grain of salt because it may be wrong.

6 0
3 years ago
Karl opens a savings account with $2500. He deposits $1500 every year into the account that has a 0.75% interest rate, compounde
zhuklara [117]

Answer:

Total FV= $29,335.25

Explanation:

<u>First, we need to calculate the future value of the initial investment ($2,500) using the following formula:</u>

FV= PV*(1 + i)^n

PV= $2,500

i= 0.0075

n=10*12= 120 months

FV= 2,500*(1.0075^120)

FV= $6,128.39

<u>Now, the future value of the $1,500 annual deposit:</u>

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

We need to determine the effective annual rate:

Effective annual rate= (1.0075^12) - 1= 0.0938

FV= {1,500*[(1.0938^10) - 1]} / 0.0938

FV= $23,206.86

Total FV= $29,335.25

5 0
3 years ago
I need to figure out the owners equity ! HELP
motikmotik

Owners equity is $82365 - $70500 which gives $11365. Therefore when you add $70500 + $11365, this would give $82365.

4 0
3 years ago
HealthWise Corporation has developed a new diet supplement to assist with weight loss. Which type of legal protection grants Hea
lidiya [134]

Answer:

True

Explanation:

Patent -

It refers to the legal rights given in order to sell , publish , manufacture the goods and services for a specified time period , is referred to as a patent .

The company or people has the legal right to sell or publish any others work .

These patents are approved by the government .  

It enables to provide the monetary value for the country , by designing and developing goods and services.

Hence , from the given scenario of the question ,

The correct term is patent .

5 0
3 years ago
A company reported net income of $9,660,000 for the year. There were 4.1 million shares of common stock outstanding at the begin
Anastaziya [24]

Answer:

$2.30

Explanation:

Total shares of common stock = 4,100,000 + 4,300,000 = 8,400,000

Weight of the beginning of the year common stock = 4,100,000 ÷ 8,400,000 = 0.49, or 49%

Weight of the ending of the year common stock = 4,300,000 ÷ 8,400,000 = 0.51, or 51%

Weighted average share outstanding = (4,100,000 × 49%) + (4,300,000 × 51%) = 4,202,000

EPS = Net income ÷ Weighted average share outstanding = $9,660,000 ÷ 4,202,000 = $2.30

6 0
3 years ago
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