<span>To calculate the absolute price elasticity in this case, the expression is the quantity demanded change divided by the change in the price, both expressed as percentages. For the sandwiches, the demand dropped by (50/250), or 20% (0.20), while the price increased by (1.00/2.00), or 50% (0.50). The expression, then, would be (0.20/0.50), or a price elasticity of demand of 0.40.</span>
Firat book of sheet music printed from movable type
Answer: Option c
Explanation: Elasticity is an economic term that describes a transition in consumer and vendor actions in response to a price change for a commodity. How the market for the commodity responds to a price change dictates the elasticity or in-elasticity of the demand for that product.
An inelastic commodity is the one that even after a price change, buyers continue to buy. A good or service's elasticity may change depending on the number of close alternatives accessible, its overall cost, and the length of time that has passed since the increase in price occurred.
Thus even if there is a slight change in demand due to change in price then the commodity is said to be elastic.
The marginal benefit from the activity is equal to the marginal cost
Answer: D. Combining and individual fund financial statements.
Explanation: Annual financial Report, the most common of this set of reports issued are general purpose financial statements that include income statement, balance sheet, retain earnings and statement of cash flow. It is a financial statement of 12 consecutive months in a year.
There are items that will be include such as Combining and individual fund financial statements.
