Because texas generally has low rates of low, individual effects on the texas political process are likely to be: low
This is further explained below.
<h3>What is texas's political process?</h3>
Generally, The development of problems marks the beginning of the policymaking process in Texas, which then continues on through five additional stages: the establishment of agendas, the selection of policies, the adoption of policies, the implementation of policies, and the assessment of policies.
In conclusion, Individual influences on the political process in Texas are anticipated to be modest because of the state's relatively low crime rate and low rate of poverty.
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When personal income taxes is increased, there would be a decrease in consumption of $67.
<h3>What is the MPC?</h3>
The marginal propensity to consume is the proportion of the disposable income that is spent. When personal income taxes are increased, there would be a decrease in the disposable income. The decrease in disposable income would reduce the income avalialbe for consumption.
Decrease in consumption = 2/3 x $100 = $67
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Answer:
PED = 5.49
Explanation:
current price = $0.99 per ticket
average daily tickets sold = 433
average daily revenue = $428.67
if the company increases the price to $1.10, then average daily tickets will be only 169. Average daily revenue will drop to $185.90
price elasticity of demand (PED) = % change in quantity demanded / % change in price
PED = [(169 - 433)/433] / [(1.1 - 0.99)/0.99] = -0.6097 / 0.1111 = -5.49 or |5.49| in absolute terms
the price of tickets is very elastic, meaning that a 1% change in price will result in a much higher proportional change in quantity demanded
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Your answer would be A hope this helps
Answer: 1. false , 2.gains , 3. losses , 4 harmed , 5 benefited
Explanation:
1. Real interest rate ≈ Nominal interest rate - Inflation rate
Inflation rate has an inverse/negative relationship with Real interest rate, an increase in inflation rate will cause a decrease in real interest rate
2 if interest rate rises the lender gains because the borrower will now pay more interest on the loan
3. Borrower losses because more interest would need to be paid
4 harmed. when inflation rate increased in the 1970s interest rate fell drastically and borrowers could have paid lower interest if they were not on fixed interest rate
5 banks benefited they the interest rate on loans they made was not affected by the fall in the interest rate
