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My name is Ann [436]
2 years ago
8

Demand for food doesn't change in response to a change in price. Why? 

Business
2 answers:
Butoxors [25]2 years ago
7 0
The price of elasticity of the product maybe considered inelastic since there is little to no responsiveness to the change in price of the product. A factor or reason can be that it is a necessity so persons still have to buy the product no matter the change in price.
MAXImum [283]2 years ago
5 0

Answer:

Demand for food is inelastic

Explanation:

Inelastic demand means that people buy about the same amount of goods whether the price drops or rises. In this case, food demand doesn't change in response to a change in price. This behaviour is common with things that (despite the price) people must have, like food or gasoline.

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A 6-year bond, 8% semiannual coupon bond sells at par ($1,000). Another bond of equal risk, maturity, and par value pays an 8% a
timofeeve [1]

Answer:

Explanation:

  • The bond has 8% coupon paid semiannually, and those bonds sell at their par value.
  • Since the bond sales at par value, Market rate (Yield) = Coupon rate =8%

<u>Second bond:</u>

  • Coupon rate = 8%
  • Par value = $1,000
  • Semiannual coupon amount = 1000 x 8%/2 = $40
  • Time to maturity = 6 years = 12 semiannual periods
  • Semiannual Yield = 8%/2 = 4%

To get price of this bond we will use PV function of excel:

= PV (rate, nper, pmt, fv, type)

= PV (4%, 12, -40, -1000, 0)

= $1053.32

  • Price of this bond = $1,053.3
7 0
2 years ago
Read 2 more answers
Peng Company is considering an investment expected to generate an average net income after taxes of $2,600 for three years. The
daser333 [38]

Answer:

NPV = $-42,124.72

Explanation:

The new present value of after tax cash flows from an investment less the amount invested.

NPV can be calculated using a financial calculator:

Cash flow in year 0 =  $-54,000

Cash flow each year in year 1 and 2 = $2,600

Cash flow in year 3 = $2,600 +  $7,200 = $9,800

I = 10%

NPV = $-42,124.72

To find the NPV using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

I hope my answer helps you

3 0
2 years ago
Which organization compiles data on individuals and businesses to report on their credit?
Tanya [424]

Answer:

Option A

Explanation:

There are primarily three credit bureaus to which the Lenders go namely -

a) TransUnion

b) Equifax

c) Experian

These three agencies are interested in reviewing credit reports before lending any financial aid.

Hence, option A is correct

3 0
3 years ago
PLEASE HELP QUICK!! What type of strategy is being used by a car rental agency when it describes itself as the only rental compa
Tcecarenko [31]

There are different kinds of marketing strategy. Sales promotion is a type of strategy is being used by a car rental agency when it describes itself as the only rental company with a door-to-door service.

<h3>What is door-to-door promotion? </h3>
  • Door-to-door is known as a type of technique that is often used for sales, marketing, advertising, etc. This boast the sales of a product or services such as cars.

Tis is when a person or persons walk from the door of one house to the door of another, so as to sell or advertise a product. In the case of the car company, they deliver at home for ease to their customer and drives sales upward.

Learn more about Sales promotion from

brainly.com/question/1312782

5 0
2 years ago
Hyper-Tech Enterprises manufactures mechanical parts used in air conditioning and heating units.The company employs over 300 wor
ruslelena [56]

Hyper-Tech's top executives are considering fighting the unionization efforts. The statement which if TRUE, best supports the argument that Hyper-Tech should contest the union's right to an election is

  • D) The process outlined at Hyper-Tech for filing employee grievances differs from the grievance procedures at other firms in the same industry

<h3>Hyper-Tech </h3>

It was founded in 2008. The company's line of business includes providing various business services.

In conclusion, we can conclude that the correct answer is as given above.

learn more about Hyper-Tech from here: brainly.com/question/14343056

3 0
2 years ago
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