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OverLord2011 [107]
3 years ago
12

Generally, we calculate elasticity as the: percentage change in quantity demanded/supplied divided by the change in price. perce

ntage change in price divided by the percentage change in quantity demanded/supplied. percentage change in quantity demanded/supplied divided by the percentage change in price. change in quantity demanded/supplied divided by the change in price.
Business
1 answer:
lozanna [386]3 years ago
5 0

Answer: Option (C) is correct.

Explanation:

Elasticity measures the responsiveness of percentage change in quantity demanded from percentage change in price.

Elasticity = \frac{Percentage\ change\ in\ quantity\ demanded/supplied}{Percentage\ change\ in\ price}

Types of elasticity:

(1) Perfectly elastic

(2) Inelastic

(3) Unitary elastic

(4) Less elastic

(5) More elastic

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If the price of good A decreases by 10 percent and the quantity demanded of good B increases by 10 percent, this is evidence tha
Lostsunrise [7]

Answer:

b. complement goods

Explanation:

Complement goods -

These are the type of goods , that are related to each other in a certain manner , is referred to as complement goods.

These type of good are also referred to as paired goods or associated goods .

In case of complement goods , if a person buys first good , then he might require the second good too.

These goods can even alters the prices of each other .

For example ,

people buying a CD player , need to buy the corresponding CD too , and hence ,

CD player and CD are complement goods.

Hence , from the given scenario of the question,

The correct option is b. complement goods .

A complementary good is a good whose use is related to the use of an associated or paired good. Two goods (A and B) are complementary if using more of good A requires the use of more of good B.

6 0
3 years ago
The average person changes career how many times in a lifetime?
IgorLugansk [536]

Answer:

<h2>Statistics Suggest You Will Change Careers More Frequently</h2><h3>The average person will change careers 5-7 times during their working life according to career change statistics. With an ever increasing number of career choices, 30% of the workforce will now change careers or jobs every 12 months.</h3>
7 0
3 years ago
Read 2 more answers
Sascha is in a marching band. Because the band members move together identically, the audience perceives waves of motion. Sascha
nata0808 [166]

Answer: Common fate

Explanation:

The gestalt principle of common fate explains that objects moving in the same direction with a similar speed range, are observed as being part of one body.

Sascha's band director is making use of the gestalt principle of common fate to give the audience an illusion of waves of motion from the movement of the band members.

3 0
3 years ago
An artist would like to protect one of his original oil painting from being sold as original prints. He may protect his painting
IRINA_888 [86]

Answer:

copyright

Explanation:

Analyzing the information provided by the question, it is ideal for the artist to protect his original oil paintings from being sold as original prints by requesting a copyright.

This is a legally guaranteed way for artists, scientists and scholars to protect their intellectual property from fraudulent reproductions that do not grant them due copyrights.

Therefore, copyright motivates individuals to produce intellectual content relevant to society, with the certainty that the author's rights will be maintained, even after the death of the creator, copyright guarantees the security of rights after 50 to 100 years.

3 0
3 years ago
Gilmore, Inc., just paid a dividend of $3.05 per share on its stock. The dividends are expected to grow at a constant rate of 5.
Alona [7]

Answer:

intrinsic value: 49.50

value in four years:        $   61.32

value in fourteen years: $ 104.75

Explanation:

we solve using the gordon model:

\frac{divends_1}{return-growth} = Intrinsic \: Value

D0 =  3.05

D1 = 3.05 x ( 1 + 0.055) = 3.21775‬

\frac{3.21775}{0.12 - 0.055} = Intrinsic \: Value

Value: 49.50384615

<u>In the future will grow at the same rate as dividends:</u>

price in four years:         49.50 x (1.055)^4  =  61.32182021

price in fourteen years: 49.50 x (1.055)^14 = 104.7465274

7 0
3 years ago
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