The percent change in quantity demanded of a good divided by the percent change in income, all other tings unchanged, is the price elasticity of demand. This is the equation you will use when finding the price elasticity of demand. Price elasticity of demand is measuring the demand of a product or service when nothing changes besides the price.
Answer: $12,000
Explanation:
The question makes no sense in one area. The loss probability for $0 cannot be 90% because the other two are collectively 20%. I shall therefore assume that the loss probability for $0 is 80% so that they add up to 100%.
Expected claim cost = ∑[loss probability * (Loss - Deductible)]
= 0.9 * 0 + [0.15 * (10,000 - 10,000)] + [0.05 * (250,000 - 10,000)]
= $12,000
Explanation:
In a command economy, the system is controlled by the government. A mixed economy is partly run by the government and partly as a free market economy, which is an economic system that includes no government intervention and is mainly driven by the law of supply and demand.
Answer: a. differences in scientific judgments
Explanation:
Economists generally argue about most policies due to the different schools of thought that they adhere to.
These schools of thought are influenced by scientific judgements they believe to be the most applicable to the economies of nations. This difference in opinion between these two is most likely because they follow different schools of thought with differences in scientific judgements.
The best order for financing higher education would be :
Grant/scholarship - Federal Student Loan - Private Loan
Grant/scholarship give you free financing for your Education , meanwhile Federal student loan tend to have a lower interest rate and a more flexible paying time than the private loan
