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DanielleElmas [232]
3 years ago
6

The stocks of firms that don t meet listing requirements for stock exchanges are traded on the _____ market.

Business
1 answer:
Tresset [83]3 years ago
4 0
The stocks of firms that don't meet listing requirements for stock exchanges are traded on the over-the-counter market. An over-the-counter market is decentralized, without a central physical location. 
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When​ Alex's income increased from ​$2,000 to ​$4,000​, he increased his consumption of bagels from 6 to 10 a month and decrease
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Answer:

For Bagels = 1.33

For Donuts = -1.33

Explanation:

Using the midpoint method, Alex's percentage change in income is given by the difference in income divided by the average income:

\%I =\frac{\$4,000-\$2,000}{\frac{\$4,000+\$2,000}{2}}\\\%I=66.67\%

Alex's percentage change in demand for both bagels and donuts is given by the difference in the quantity consumed divided by the average consumption:

\%B =\frac{10-6}{\frac{10+6}{2}}\\\%B=50.00\%\\\%D =\frac{9-15}{\frac{15+9}{2}}\\\%D=-50.00\%

Alex's income elasticity of demand for bagels and donuts, respectively, is:

E_B=\frac{\%I}{\%B}=\frac{66.67\%}{50\%} \\E_B=1.33\\\\E_D=\frac{\%I}{\%D}=\frac{66.67\%}{-50\%} \\E_D=-1.33

His income elasticity of demand for bagels is 1.33, while for Donuts it is  -1.33.

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