1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Y_Kistochka [10]
3 years ago
12

The price of cigars is $10, with a quantity demanded of 1,000 per day. If the price increases to $12, the quantity demanded decl

ines to 800 per day. What is the absolute value of elasticity of demand?
Business
1 answer:
saveliy_v [14]3 years ago
8 0

Answer:

PED = - 1

Explanation:

The PED or price elasticity of demand measures the sensitivity of quantity demanded to changes in price level. It is calculated by taking the percentage change in quantity demanded, which results from a change in price level, and dividing it by the percentage change in price level.

PED = percentage change in Quantity demanded / Percentage change in price

PED = [(800 - 1000) / 1000]  /  [(12 - 10) / 10]

PED = - 1

You might be interested in
The U.S. work week has declined from 60 hours in 1890 to 40 hours today. The impact of the decline in working hours:________
Len [333]

Answer:

It will Decreases U.S. real GDP and on the other way round it will increases the well-being of a typical working person in the U.S.

Explanation:

The impact of the decline in working hours is that it will Decreases U.S. real GDP and on the other way round it will definitely lead to increase in the well-being of a typical working person in the U.S. because of the decline in the U.S work week which was formally 60 hours in the 1980 but now 40 hours today because a typical working person will have more time for him/her and the stress involved in working for 60 hours per week will reduce when compared with working for 40 hours per week because a typical working person in the U.S will preferred to work for 40 hours per week than 60hours per week for the betterment of their well being.

4 0
3 years ago
FDIC is:
seropon [69]

Answer:

c) A government insurance program that will pay back account holders if the bank or lending institution fails

Explanation:

The FDIC is an acronym for Federal Deposit Insurance Corporation. It was founded by Franklin Roosevelt on the 16th of June, 1933.

FDIC is a government insurance program that will pay back account holders if the bank or lending institution fails.

The income generated from the premium payments of insured banks is used to fund or finance the FDIC.

5 0
3 years ago
Read 2 more answers
When the environment becomes more turbulent and unpredictable: a. External consultants need to play a greater role in strategy m
topjm [15]

Answer:

The answer is d. Strategy becomes an increasingly important as a source of direction

Explanation:

6 0
3 years ago
Sanders, Inc., paid a $4 dividend per share last year and is expected to continue to pay out 60% of its earnings as dividends fo
maks197457 [2]

Answer:

The price of the stock today is $42.94

Explanation:

The price of a stock whose dividends are expected to grow at a constant rate is calculated using the constant growth model of Dividend Discount model approach. It bases the price of the stock on the present value of the expected future dividends. The price today under this model is calculated as follows,

P0 = D0 * (1+g)  /  r - g

Where,

  • D0 * (1+g) is the D1 or the dividend for the next year
  • r is the required rate of return
  • g is the growth rate in dividends

P0 = 4 * (1+0.052)  /  (0.15 - 0.052)

P0 = $42.938 rounded off to $42.94

6 0
3 years ago
The ratio of an insurance company's net profit to policyholders' surplus is called
Yuri [45]
I don't know the answer. I just want you to know that. Good day mate.
8 0
2 years ago
Other questions:
  • The windows 10 desktop has controls, also known as its ____, that allow you to interact with the windows 10 operating system.
    8·1 answer
  • Consider the following note payable transactions of Cabal Video Productions.
    7·1 answer
  • How do your financial choices impact the economy? Trace the impact of your financial decisions.
    15·1 answer
  • Philosophers draw a distinction between ___________________, which describe the world as it is, and normative statements, which
    6·1 answer
  • Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: Sales $ 345,000 Beginning m
    6·1 answer
  • In 2008 approximately what percent of the world's population lived in Asia? PROVIDE/EXPLANATION PROOF FOR YOUR ANSWER. INCOMPLET
    15·1 answer
  • you are the accounts receivable clerk for fast and friendly shipping . the friendly shipping the balance of the accounts receiva
    9·1 answer
  • What is the purpose of capital markets?
    5·1 answer
  • Profit-sharing plans, commissions, bonuses, and stock options are examples of:.
    6·1 answer
  • Which strategic is phase consists of a concise statement that captures what the planning team believes should be the role of is
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!