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IRINA_888 [86]
2 years ago
15

During World War II, the price of rubber went up considerably. The rise in price stimulated research for alternatives. For examp

le, today's automobile tires are almost entirely made from synthetic materials. As a result, the increase in the price of rubber eventually led to a very large drop in quantity demanded. This is an example of how the price elasticity of demand:
Business
1 answer:
disa [49]2 years ago
5 0

Answer:

rises the greater the time frame considered.

Explanation:

Since in the question, it is given that the rubber price increased up and they are made up of synthetic materials. Due to an increase in the price of the rubber, there is a large decline in quantity demanded

So this represents that if the price elasticity of demand increased the more the time period is relevant

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3 0
2 years ago
The time value of money refers to the fact that a dollar received today is worth less than a dollar promised at some time in the
NikAS [45]

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8 0
3 years ago
Wine and Roses, Inc. offers a 7% coupon bond with semiannual payments and a yield to maturity of 7.73%. The bonds mature in 9 ye
Art [367]

Answer:

current market price = $953.29

Explanation:

the market price of the bond = present value of the face value + present value of coupon payments

PV of face value = $1,000 / (1 + 3.865%)¹⁸ = $505.31

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5 0
3 years ago
During 2018​, Doug incurs the following deductible​ expenses:
Alexus [3.1K]

The amount of Doug's taxable income is <u>$27,700</u>.

<u>Explanation</u>:

<u><em>GIVEN</em></u>:

AGI = $35,000

State income​ taxes = $2300

Local property taxes = $3000

Medical expense = $800

Charitable contribution = $2000

Total deduction amount= State income​ taxes+Local property taxes+Charitable contribution

                                        = 2300+3000+2000

                                        = $ 7300

Total deduction amount= $7300

Taxable income= $35000- $7300

                         = $27,700

The amount of Doug's taxable income is <u>$27,700</u>.

3 0
2 years ago
To be more efficient in formatting tasks, it is important to follow best practices when designing type. Which scenarios
Aleksandr [31]

Answer:

2 and 5

Explanation:

7 0
2 years ago
Read 2 more answers
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