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eimsori [14]
3 years ago
9

If a 10% decrease in the price of one product that you buy causes an 8% increase in quantity demanded of that product, will anot

her 10% decrease in the price cause another 8% increase (no more and no less) in quantity demanded?
Business
1 answer:
Bad White [126]3 years ago
8 0

Answer:

No

Explanation:

to determine if another 10% decrease in the price cause another 8% increase (no more and no less) in quantity demanded, we have to determine the price elasticity of demand.

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

Price elasticity of demand = percentage change in quantity demanded / percentage change in price

8% / 10% = 0.8

demand in inelastic so a 10% reduction in price would lead to a less than 8% change in quantity demanded  

Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one

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In the 1990s, the russian people lost confidence in the value of the ruble, and many were no longer willing to sell goods and se
hodyreva [135]
The answer to this question is <span>acceptability
The </span><span>acceptability characteristic refers to whether the currency is accepted as a medium of exchange for the transaction in the market.
Currency that has high rate of acceptability tend to be less volatile in the foreign exchange market and attract more investment.</span>
5 0
3 years ago
Grocer's Choice is the largest employer in the Pacific Northwest. It is covered by numerous federal employment laws. As such, it
yawa3891 [41]

Answer:

12 weeks of unpaid family or medical leave per year.

Explanation:

The Family and Medical Leave Act was signed by President Clinton in 1993. The benefits included in the law are (per year):

  • up to 12 weeks of unpaid leave when you give birth to a child or your wife gives birth to a child (this also applies to child adoptions)
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7 0
3 years ago
Below are several amounts reported at the end of the year. Currency located at the company $ 950 Supplies 2,800 Short-term inves
choli [55]

Answer:

$17,350

Explanation:

Calculation to determine the amount of cash to report in the balance sheet.

Currency located at the company $950

Add Short-term investments that mature within three months 1,850

Add Balance in savings account 8,100

Add Checks received from customers but not yet deposited 550

Add Coins located at the company 100

Add Balance in checking account 5,800

Total Cash $17,350

Therefore the amount of cash to report in the balance sheet is $17,350

8 0
2 years ago
A study of photosynthesis in phytoplankton in the open ocean used short pulses of laser light to trigger photosynthetic reaction
mario62 [17]

An important regulatory document for conducting clinical trials, the Investigator's Brochure (IB) summarizes an investigational medicinal product's (IMP) physical, chemical, pharmaceutical, pharmacological, and toxicological characteristics as well as any clinical experience.

<h3>In a clinical trial, what exactly is an investigator site?</h3>

Documents that demonstrate the clinical trial site and investigator's compliance with the ICH GCP guidelines can be found in an Investigator Site File (ISF).

power, P = 0.1 mw = 0.1 X10 3 time, t = 200 PS wavelength,  = 640 mm -9 = 640 X 10 -12 = 200 X 10 Sec photon energy

The number of photons is N = Pt 3 0.1 X 10 x 200 x 10-12 3-104x1019. E E 6.62310 - 34 X3108 640 x10-9 J -19 = 3.104 X10.

N= 64.4 X 10

To learn more about Investigator's Brochure here

brainly.com/question/14366756

#SPJ1

3 0
1 year ago
A newborn child receives a ​$7 comma 000 gift toward a college education from her grandparents. How much will the ​$7 comma 000
Scrat [10]

Answer:

$7,000 gift will be worth $19,922 after 17 years ( or 68 quarters) given the discount rate is 6.2% compounded quarterly.

Explanation:

The worth of $7,000 nowadays after 17 years is equal to its future value compounded for the time of 17 years or 68 quarters.

As the discounted rate is 6.2% compounded quarterly, we have:

Compounding period = 17 x 4 = 68; Interest rate = 6.2%/4 = 1.55%.

Apply the formula for future value to determine the value of $7,000 in 17 years as: 7,000 x (1+1.55%) ^68 = $19,922.

Thus, the answer is $19,922.

6 0
3 years ago
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