Answer:
Elastic demand
Unit elastic demand
Inelastic demand
Explanation:
Elasticity of demand measures the degree of responsiveness of quantity demanded to changes in price.
Elasticity of demand = percentage change in quantity demanded/ percentage change in price.
Denand is elastic if when price is increased, the quantity demanded changes more than the increase in price. Quanitity demanded is more sensitive to changes in price.
If price is increased, the quantity demanded falls and as a result the total revenue earned by sellers falls.
The elasticity of demand is usually greater than 1 when demand is elastic.
Demand is unit elastic if a change in price has the same proportional change on quantity demanded. The coefficient of elasticity is equal to one.
If price is increased, the quantity demanded changes by the same proportion so there's no change in total revenue of sellers.
Demand is inelastic if a change in price has little or no effect on quantity demanded.
Coefficient of elasticity is usually less than one.
If price is increased, there is little or no change in the quantity demanded and as a result the revenue earned by sellers increase.
I hope my answer helps you
Answer:
Top-down planning
Explanation:
Top-down planning -
It refers to the method planning , where the goals are bifurcated and placed according to the hierarchy from top to bottom , is referred to as top - down planning .
As breaking and arranging the goals , make the process to accomplish the goals in a better manner .
The process require the movement from higher level to lower level , in a very orderly manner to hasten the process .
Hence , from the given scenario of the question ,
The correct answer is Top-down planning .
Answer:
30 days after receiving notice of the changes
Explanation:
If the insurer offers to renew the policy on different terms, how long does the policyholder have to cancel the policy without being penalized?
An insurer is defined as- a person or company that underwrites an insurance risk; the party in an insurance contract agrees to pay compensation. Generally, the term insurer is synonymous with the term insurance provider or insurance company.
A policyholder is a person who buys an insurance policy. The policyholder is protected by the details in the insurance policy. He or she can add more persons to the policy depending on the type.
In most cases, a policyholder is allowed to cancel the policy within 30 days without been penalized for a short rate cancellation fee.
Answer:
Final Value= $414,135.43
Explanation:
Giving the following information:
Quarterly deposit= $32,000
Number of quarters= 3*4= 12
Interest rate= 0.0545/4= 0.01363
To calculate the final value, we need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= quarterly deposit
FV= {32,000*[(1.01363^12)-1]} / 0.01363
FV= $414,135.43
