Answer:
B) Demand is price elastic
Explanation:
Elasticity of demand is the degree of responsiveness of demand to a change in price. It measures how much is effected on quantity demaned as a result of a unit change in price.
It is calculated as % change in quantity demanded by % change in price.
PED = % change in Quantity demanded/ % change in price
IF PED is greater than 1, demand is price elasitic
If IF PED is less than 1, demand is price inelasitic
If IF PED is equal to one, it is unitary
If the % change in price produces a more than proportional change in demand , PED is elastic.
In this question , a 10% increase in price as a result of tax produces 12% fall in demand, so PED = 12%/10%= 1.2.
PED is greater 1, Therefore, demand is price elastic
Transfer to English please?
Answer:
Interest per six months =$64,750
.
Explanation:
B<em>onds are instruments used by companies, governments and other entries to borrow from the public. </em>
<em>They represent a contractual agreement where the borrower commits to pay a percentage of the principal amount borrowed plus the principal amount to the lender or investor.</em>
The proportion of the amount borrowed which is paid as interest is called coupon. The interest payment is computed as the the coupon rate in percentage multiplied by the amount borrowed.
Interest payment = Coupon rate (%) × Nominal Value
Annual interest payment = 7% × 1,850,000 =$129,500
Semi-annual interest payment = Annual interest payment/2
Semi-annual interest payment =129,500
/2 =64,750
.
Interest per six months =$64,750
.
Note we had to divide by 2 because they are two six months in a year.
Answer:
The Federal supreme council is the highest constitutional authority in the United Arab Emirates, being the highest legislative and executive body.[1] It establishes general policies and sanctions federal legislation. It is the First Federal Authority in terms of ranking in the hierarchy of the Five Federal Authorities prescribed in the Constitution: Federal Supreme Council, Federal President and Federal Vice President, Federal Cabinet, Federal National Council, Federal Judiciary.
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