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Fofino [41]
4 years ago
11

In market A, a 4% increase in price reduces quantity demanded by 2%. In market B, a 3% increase in price reduces quantity demand

ed by 4%. The price elasticity of demand in market A and market B are considered______ and ______, respectively. Group of answer choices
Business
1 answer:
olganol [36]4 years ago
3 0

Answer:

Price elasticity of market A = Inelastic

Price elasticity of market B = Elastic

Explanation:

Elasticity in the case of market A.

Given the percentage change in demand = 2%

Percentage change in price = 4%

Elasticty of demand = %Change in demand / %change in price

= 2 / 4

= 0.5 (Inelastic)

Elasticity in the case of market B.

Given the percentage change in demand = 4%

Percentage change in price = 3%

Elasticty of demand = %Change in demand / %change in price

= 4 / 3

= 1.33 (elastic)

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The approximate annual real rate of return is 14%.

16% - 2% = 14%.

Rate of Return = [ (Current Value − Initial Value) ÷ Initial Value ] × 100. Let's say you own a stock that started at $100 and went up to $110. Now you want to find out the rate of return. In our example, the calculation would be [ ($110 – $100) ÷ $100] x 100 = 10.

“The real rate of return formula is the sum of one plus the nominal rate divided by the sum of one plus the rate of inflation, which is then subtracted once. The real rate of return formula can be used to determine the effective rate of return on an investment after adjusting for inflation.” Real returns = (1 + nominal rate/1 + inflation rate) – 1

Rate of return = ( (value of investment after one year - initial investment) / initial investment) x 100 percent. Analyze your investment to obtain the values ​​necessary to calculate its initial rate of return. For example, consider a $25,000 investment that grows to $28,500 after one year.

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1 year ago
Does break even point shows how profitable a company is???
steposvetlana [31]

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Explanation:

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A feature of academic writing is the research and analysis of others' work. to give credit where credit is due and to avoid conc
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Answer and Explanation:

The business writing formats benefits and disadvantages of the three primary business writing formats are described below:-

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4 years ago
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The type of performance appraisal that judges specific, observable aspects of performance like being on time for work is a(n) __
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The type of performance appraisal that judges specific, observable aspects of performance like being on time for work is a behavioral  appraisal.

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