Answer:
b. a 20% decrease in the price of foreign travel will increase the quantity demanded by 80%.
Explanation:
A price elascitiy of 4 means demand is elastic. Price elasticity greater than 1 indicates demand is elastic.
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price.
Elastic demand is when a change in price leads to a change in quantity demanded.
If price increases and demand is price elastic, the quantity demanded falls.
If price falls and demand is price elastic, the quantity demanded rises.
If price elasticity is 4, 20% decrease in the price of foreign travel will increase the quantity demanded by 80%.
Inelastic demand is when price elasticitiy is less than 1.
I hope my answer helps you
Answer:
<h2>Spending on infrastructure projects is an example of <u>Discretionary Fiscal Policy</u> aimed at increasing real GDP and employment.</h2>
Explanation:
- A discretionary fiscal policy basically refers to the manipulation or adjustment of various fiscal instruments by the government such as public taxes and government spending.
- The aim of discretionary fiscal policy is to adjust the overall macroeconomic condition in any country based on the existing or current situation or scenario.
- Now,infrastructural spending is part of fiscal policy or instrument to adjust the macroeconomic condition of the country as reflected by necessary modification in the GDP and employment level.Hence, higher infrastructural spending by the government would expectedly increase the residential and commercial construction projects in the country thereby,enhancing the GDP and the employment level in the country and boost the overall economy.
Annual Compound Formula is:
A = P( 1 + r/n) ^nt
Where:
A is the future value of the investment
P is the principal investment
r is the annual interest rate
<span>n is the number of
interest compounded per year</span>
t is the number of years the money is invested
So for the given problem:
P = $10,000
r = 0.0396
n = 2 since it is semi-annual
t = 2 years
Solution:
A = P( 1 + r/n) ^nt
A = $10,000 ( 1 + 0.0396/2) ^ (2)(2)
A = $10000 (1.00815834432633616)
A = $10,815.83 is the amount after two years
Answer:
I believe that it is B or
Explanation:Telling a story about people who resemble the target audience
This shift in demand was likely the result of the improved technology of MP3 players.
Improved technology brought improved quality of MP3 players, which meant that more people were interested in buying them. MP3 players are far more convenient than CD players, because they are smaller, more easily portable, and overall better.