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lisov135 [29]
3 years ago
10

If the price elasticity of demand is 1.8 then a 30 percent decrease in the price of the good will lead to a _______ percent incr

ease in the quantity demanded.
Business
1 answer:
Mkey [24]3 years ago
3 0

Answer:

The answer is 54percent

Explanation:

Elasticity is a measure of how sensitive one variable is to any variable. It is expressed as the ratio of percentage changes in variables.

That is; %change in quantity demanded/%change in price.

This calculation shows how sensitive quantity demanded is to a change in price.

In the question, price elasticity of demand is 1.8

30 percent decrease in price

Therefore, the quantity demanded will increase by 30percent x 1.8

=54percent

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Furkat [3]

Answer:

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Explanation:

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Conditions such as level of experience, skills, ability, technical know-how among other things are verified for the job position.

Cheers.

6 0
3 years ago
Because of ____, people exposed to the same information will often disagree about what they saw or heard. defensive biases feedb
Marianna [84]
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7 0
3 years ago
"The money multiplier is equal to the _______________ in the economy divided by the original _________________. a. total money;
weqwewe [10]

Answer:

a. total money  ;  quantity of money

Explanation:

Money multiplier

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6 0
3 years ago
Everything else held constant, when prices in the art market become more uncertain:______.
Ira Lisetskai [31]

the demand curve for the bonds shifts to the left and the interest rate rises

when the market is volatile , then the risk associated with the bond is very high . there is an inverse relation ship between risk and demand. when the risk is high, the demand for the bond decrease and the demand curve shifts to the left. also there is an inverse relation ship between the demand and interest rate. hence, when the demand decrease , the interest rate on the bond rises

the explanation for correct option because of an inverse relationship between the risk demand and demand interest rate, the interest rate cant fall when the demand curve shift to the left and when the risk is high , the demand curve shifts to the left only, not to the right .

Learn more about demand curve here.

brainly.com/question/28203108

#SPJ4

8 0
2 years ago
Currently, it is not clear which, if any, laws apply to the security of e-money payment information.
Free_Kalibri [48]
I'm pretty that would be: A.) True.
5 0
3 years ago
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