Answer:
-2.47
Explanation:
Given that,
Initial quantity demanded = 1,000 units
Initial price = $32
New quantity demanded = 800
New price = $35
Here, we are using mid point method,
Average price:
= (Initial price + New price) ÷ 2
= ($32 + $35) ÷ 2
= $33.5
Average quantity demanded:
= (Initial quantity demanded + New quantity demanded) ÷ 2
= (1,000 + 800) ÷ 2
= 900
Change in price:
= (New price - Initial price) ÷ Average price
= ($35 - $32) ÷ $33.5
= 0.08955
Change in quantity demanded:
= (New quantity demanded - Initial quantity demanded) ÷ Average quantity demanded
= (800 - 1,000) ÷ 900
= -0.2222
Therefore, the price elasticity of demand is as follows:
= Change in quantity demanded ÷ Change in price
= 0.2222 ÷ 0.0896
= -2.47
Answer:
Agency by ratification
Explanation:
Agency by ratification is a situation where an agent or a company performs an act while claiming to be the agent of another person without his knowledge.
The principal later accepts and recognises the action as being on their behalf after the fact.
Normally the action by the agent would be invalid, but if it is recognised by the principal it is called agency by ratification and the action is now valid.
When an unauthorised action is taken on behalf of a principal he has the final decision on whether to adopt by signing, or not to adopt
It’s would be an anonymous donation wouldn’t??
Answer:
Franchises offer the independence of small business ownership supported by the benefits of a big business network. You don't necessarily need business experience to run a franchise. Franchisors usually provide the training you need to operate their business model.
Honestly you should answer this one yourself it seems like a question that contains your own answer