Answer:
option D "The demand is unitary elastic."
Explanation:
Data provided:
At price, P1 = 3,000 units
Demand, D1 = $ 50
also,
at price P2 = $ 60
Demand, D2 = 2,500 units
Now,
the percentage change in price = 
or
the percentage change in price = 20%
and,
The percentage change in the quantity = 
or
The percentage change in the quantity = -20%
The elasticity in demand (Ed) is given as:
Ed = (Percentage change in quantity) / (Percentage change in price)
on substituting the values, we get
Ed = (-20%) / 20%
or
Ed = - 1
Here the negative sign depicts the inverse relation between the price and the demand.
hence, the correct answer is option D "The demand is unitary elastic."
<span>They are considered decreasing term policies. In these policies, the benefits usually decrease over the life of the policy: that is, the closer one gets to the end of the policy term, the less the benefit will typically be. At the end of the term, there is no option to renew for the same premiums, and the policy simply expires.</span>
Answer:
None, he will have to declare by the beginning of year seven
One way to make the most of your money is to put any you have left over into your super
For many people, this is a tax effective way to save for the long term.
Answer:
The answer is $1.55
Explanation:
From the question above, we have the following:
Money spent by customer = $65
Transaction fee = $0.25
Percentage charge = 2% of the total charge
We calculate the total transaction fee as follows:
2% of $65 will be = 0.02 X $65
=> $1.3
Recall that there is a transaction fee = $0.25.
Therefore, total transaction fee:
$1.3 + $0.25
=> $1.55
