Answer:
Elastic demand means there is a substantial change in quantity demanded when another economic factor changes typically the price of the good or service, whereas inelastic demand means that there is only a slight or no change in quantity demanded of the good or service when another economic factor is changed.
Explanation:
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From,
1kvibing
Qualitative forecasting is based on the information that cannot be measured while quantitative forecasting relies on historical data.
<h3>What is forecasting?</h3>
It should be noted that forecasting uses historical data to predict future trends.
In this case, qualitative forecasting is based on the information that cannot be measured while quantitative forecasting relies on historical data.
Learn more about forecasting on:
brainly.com/question/21445581
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Answer:
PV=$10,593,984.88
Explanation:
This cash-flow described represents a growing annuity.
Present value of a growing ordinary annuity is calculated as follows:
PV=![\frac{P}{i-g}*[1-[\frac{1+g}{1+i}]^n]](https://tex.z-dn.net/?f=%5Cfrac%7BP%7D%7Bi-g%7D%2A%5B1-%5B%5Cfrac%7B1%2Bg%7D%7B1%2Bi%7D%5D%5En%5D)
where P = the annuity payment in the first period
i = interest rate per period that would be compounded for each period
g = growth rate
n = number of payment periods
from the question. P= $1,000,000; i=0.1; g= 0.04;n=18
PV=![\frac{1,000,000}{0.1-0.4}*[1-[\frac{1+0.04}{1+0.1}]^1^8]](https://tex.z-dn.net/?f=%5Cfrac%7B1%2C000%2C000%7D%7B0.1-0.4%7D%2A%5B1-%5B%5Cfrac%7B1%2B0.04%7D%7B1%2B0.1%7D%5D%5E1%5E8%5D)
= $10,593,984.88
