Answer:
Observational
Explanation:
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Answer:
Highly inelastic
Explanation:
Price elasticity of demand is a measure of the demand of a given service or commodity by utilizing it's price change. It can be calculated using the formula;
Price elasticity of demand=%change in quantity demanded/%change in price
%change in quantity demanded=((Final demand-Initial demand)/Initial demand)×100
((299-300)/300)×100=-0.33%
%change in price=12%
12%>0.33%
The change in price is larger than the change in demand, therefor the product is highly inelastic
Answer:
A = $4000
Explanation:
given data:
total investment $12000
interest on CD= 4%
Interest on bond =7%
the portion invested in the CD is A
total portion invested as a bond = $12,000 - A
total portion earned on the CD = 0.04A.
The total interest gain on the bond = 0.07(12000 - A).
equation for the total interest earned is:
0.04A + 0.07(12000 - A) = 720
0.04A + 840 - 0.07A = 720
-0.03A = -120
A = $4000
Answer: E
Explanation: Ted or Ursula didn't get the reward because Ursula was also a suspect. during the course of Ted investigation information gotten from Ursula interrogating helped in apprehending him. Ted was performing his duties as an officer of the law, Ursula was a suspect so couldn't claim the reward too.