Answer:
Demand is more elastic in the long run than it is in the short run
Explanation:
Elasticity of demand measures the responsiveness of quantity demanded to changes in price.
Demand is more elastic in the long run than it is in the short run because in the long run consumers have more time to search for suitable substitutes.
When the absolute value of elasticity of demand is less than one, demand is inelastic.
When the absolute value of elasticity of demand is equal to one, demand is unitary.
When the absolute value of elasticity of demand is greater than one, demand is elastic.
Demand is less elastic the smaller the percentage of the consumer's budget the item takes up.
The elasticity of demand for a specific brand of good doesn't translate into the elasticity of demand for the good.
I hope my answer helps you
Answer:
c
Explanation:
most are home businesses you can write off many things on taxes and have less overhead (bills and rent )
<u>A. According to the constant dividend growth model, the value of the firm depends on the current dividend level, divided by the equity cost of capital plus the grow rate.</u>
This is the false statement.
<u>Explanation</u>:
The fair value of stock can be calculated using the dividend growth model. While calculating the value of the stock, the growth of the dividends should be considered either in a stable rate or at a different rate during the period at hand.
The dividend growth model is also known as a <u>valuation model</u> as it is used to achieve the value of the stock.
Equity cost is the cost that the firm owes to the equity investors to compensate the risk of their investment.
Assuming it’s B) Transitive Tastes
Answer:
a. 2017 ⇒ 1.50
2016 ⇒1.58
b. Deteriorate
Explanation:
a. Current ratio 2017
= Current Assets / Current liabilities
= 6,708,700 / 4,470,000
= 1.50
Current ratio 2016
= 5,848,000 / 3,700,000
= 1.58
b. The current ratio went from 1.58 in 2016 to 1.50 in 2017 which would mean that it deteriorated.
