Answer:
500%
Explanation:
Given that,
Income elasticity of demand = 2.5
Consumer income increases from $100 to $300,
Therefore, percentage change in consumer income:
= [($300 - $100) ÷ $100] × 100
= [$200 ÷ $100] × 100
= 200%
Income elasticity of demand = (% change in Quantity demanded) ÷ (% change in income)
2.5 = (% change in Quantity demanded) ÷ 200%
Hence,
% change in Quantity demanded = 2.5 × 200%
= 500%
Answer:
$13
Explanation:
The current value of the stock can be determined using the constant growth dividend model
according to the constant dividend growth model
price = d1 / (r - g)
d1 = next dividend to be paid
r = cost of equity
g = growth rate
(1 x 1.04) / (0.12 - 0.04) = 13
The statement bakers are much likely to supply pastries to the market if property rights are not enforced is <u>false</u>.
<h3>What is property rights? </h3>
Property rights can be defined as the right given to person to own and use their property they way they like or wish to use it.
The statement is not true because bakers are much likely to supply their pastries to the market if property rights are enforced.
Therefore the statement bakers are much likely to supply pastries to the market if property rights are not enforced is <u>false</u>.
Learn more about property right here:brainly.com/question/913138
brainly.com/question/22370263
#SPJ1
Answer:
Simple Interest=P*r*n= $20 million * 0.18 * 1= $3.6 million
Therefore amount accumulated= $20 million + $3.6 million = $23.6 million
Amount accumulated through Compound Interest=P×(1+r) ^t
= $20 million( 1+0.18/12)^12= $23.912 million
Explanation:
Simple interest is based on the principal amount of a loan or deposit, while compound interest is based on the principal amount and the interest that accumulates on it in every period.
