Answer:
the coefficient of elasticity is 1.25. therefore demand is elastic
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
5% / 4% = 1.25
If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.
Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one
Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded
Market for new issues of securities is Primary Market and Market for already-existing securities is Secondary Market.
What is Secondary Market?
Investors can acquire and sell securities they already possess on the secondary market. Although stocks are also sold on the main market when they are originally issued, it is what most people refer to as the "stock market."
Therefore,
Market for new issues of securities is Primary Market and Market for already-existing securities is Secondary Market.
To learn more about Secondary Market from the given link:
brainly.com/question/17168396
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Answer:
909.09
Explanation:
Breakeven quantity are the number of units produced and sold at which net income is zero
Breakeven quantity = fixed cost / price – variable cost per unit
$20,000 / 58 - 36 = 909.09
Answer:
The best solution
Explanation:
I took the test and got it right
When people take money out of the bank, they have to pay them back with a little more and interest is why.<span />
