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Anvisha [2.4K]
3 years ago
6

When income is ​$100 per​ week, 10 gallons of gas is demanded. When income is ​$140 per​ week, 15 gallons of gas is demanded. Th

e income elasticity of demand for gallons of gas ​equals:
Business
1 answer:
jek_recluse [69]3 years ago
4 0

Answer:

1.25

Explanation:

The income elasticity if demand measures how responsive demand is to a change in income. It can be obtained by dividing the percentage change in quantity demanded by the percentage change in income.

In this question, the % change in quantity demanded is 50%. This is because there is a change of exactly half.

The percentage change in income is 40%. There is a rise from 100 to 140

The income elasticity is thus equals 50%/40% = 1.25

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Answer:

You have the answer yet? I am stuck on this question as well!

Explanation:

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3 years ago
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what corporate diversification strategy is being pursued by disney? what evidence do you have that supports your position? how d
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The Walt Disney Company has developed a strategy that pursues diversified business operations in an effort to maintain its competitive edge.

What is corporate diversification strategy ?

When businesses want to expand, they use a diversification approach. In order to boost revenues, it is a practice to add a new product to your supply chain. These goods may represent a new subset of the market that your organization already serves, a strategy known as business-level diversification. Instead, if you enter a new market, corporate-level diversification takes place.

One of the four growth techniques popularized by Igor Ansoff is diversification. One of these growth strategies is more likely to be a fit for your business than the others, depending on the sector, size, and goals of your organization.

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3 0
2 years ago
Since your first birthday, your grandparents have been depositing $140 into a savings account every month. The account pays 12%
guajiro [1.7K]

Answer:

The correct answer is: $5,140.80.

Explanation:

Simple Interest is a quick method of calculating the interest charged on a loan or the interest accrued out of an investment. It is determined by multiplying the interest rate by the principal by the number of periods. It is one of the most common methods used in finance to calculate the return on certain investments.

In the example, the number of years considered to calculate the interest is 17 because the 18th year on interest is realized by the end of that year. Thus:  

  • Deposit per year: $140
  • Interest per year: $140 x 12% = $16.80
  • Interest accrued: $16,8 x 17 = $285.60

  • Total savings: (Deposit per year x number of years) + interest accrued
  • Total savings: ($140 x 18) + $285.60
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5 0
3 years ago
Which of the following situations would be most likely to lead to an increase in interest rates in the economy?
sveticcg [70]

Answer:

The correct answer is E

Explanation:

The interest rate is defined as the rate of percentage which is charged on the loan or which is paid on the savings. It is the reward for lending as well as the cost of borrowing.

When the interest rate rises or increases, then everyone tend to borrow more amount of money and the high demand of the credit states that the people are willing to pay more for the same.

So, the situation which would increase the interest rate in the economy is when the corporations set up for the expansion plans and increase the demand for the capital.

3 0
3 years ago
The value of a financial asset is the​ ________.
nadezda [96]

Answer: The correct answer is "B. present value of all of the future cash flows that will be received".

Explanation: The value of a financial asset is the​ present value of all of the future cash flows that will be received.

To value a financial asset, all future cash flows must be taken into account, therefore their value will be the sum of the present values of each of the future cash flows.

8 0
3 years ago
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