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Anuta_ua [19.1K]
1 year ago
15

When the price elasticity of demand for a good is very inelastic, quantity demanded is _____ to a change in price and the demand

curve is relatively _____
Business
1 answer:
Dominik [7]1 year ago
7 0

When the price elasticity of demand for a good is very inelastic, the quantity demanded is <u>higher </u>than a change in price and the demand curve is relatively<u> less than 1</u>.

In general, the demand for a terrific is said to be inelastic (or quite inelastic) whilst the PED is less than one (in absolute fee): that is, changes in fee have a less than the proportional impact on the quantity of the good demanded.

Demand is taken into consideration inelastic while the elasticity is less than one, this means that the amount of actions is proportionately much less than the rate.

Alternatively, if the fee for an inelastic appropriate is elevated and the call does now not trade, the overall revenue increases because of the better fee and static amount demanded. However, the price will increase usually do cause a small lower in the quantity demanded.

Learn more about elasticity here: brainly.com/question/24384825

#SPJ4

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Answer:

It will be a net gain for 6,325.2 after taxes

Explanation:

Bases on the MACRS at the end of the third year. we will have a book value of 7.41% Remember that under MACRS we have a half year convention so we depreciate for half a year on the assets first year. given a total year of useful life + 1

40,000 x 7.41% =  2.964‬

sales price:         12,000

we will pay taxes for the difference:

12,000 - 2,964 = 9.036‬

9036 x (1 - 30%) = 6.325,2

8 0
3 years ago
Ethics tries to resolve questions of human morality by defining which concepts?
siniylev [52]

Answer:

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<u>help me by marking as brainliest....</u>

7 0
3 years ago
During the final or phaseout stage of the project life-cycle, __________ is the dominant goal of many project managers.
Anarel [89]
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3 years ago
HOW CAN THE EXTENSIBILITY OF A PLATFORM BENEFIT A BUSINESS
AysviL [449]

Answer:

Having an extensibility platform allows companies to build and run solutions that address needs beyond the standard product but also allows them to bring innovation trends to those same solutions without risking their ongoing operations.

Explanation:

8 0
3 years ago
The down and out co. just issued a dividend of $2.40 per share on its common stock. the company is expected to maintain a consta
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The cost of equity is calculated as -

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7 0
3 years ago
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