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Svetllana [295]
3 years ago
12

Suppose that at a price of $8, 13,600 units were sold while at a price of $6, 15,200 units were sold. Without calculating the va

lue of price elasticity of demand , can you determine whether demand is elastic, unit elastic, or inelastic between the price of $6 and the price of $8?
Business
2 answers:
HACTEHA [7]3 years ago
5 0

Answer:

Inelastic between the price of $6 and the price of $8

Explanation:

At price $8, the total expenditure ;

= price * Quantity

=$8 * 13600

=$108,800

At price $6, the total expenditure;

=$6 * 15200

=$91,200

Since the total expenditure is decreasing with a decrease in price then the elasticity of demand will be inelastic.

Doss [256]3 years ago
5 0

Answer:

Inelastic

Explanation:

The elasticity of demand is the response of consumers to a change in the price of a product (Barnier, 2020). It is calculated as the percentage change in the quantity demanded divided by the percentage change in price.  

Looking at the number of units sold at each price ($6 and $8), we can determine that the demand is inelastic. The percentage change in demand is smaller than the percentage change in price.  This means that the demand curve will be steep.

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You have decided to refinance your mortgage. You plan to borrow whatever is outstanding on your current mortgage. The current mo
Maslowich

Answer:

<u>Mortgage liaiblity today: </u>424.092,31‬

Explanation:

We need to solve for mortage principal then;

how much do we amortize during four years and eight months old.

Last, decrease from the principal to know the current mortgage liability:

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C 3,120

time 360 (30 years x 12 months per year)

rate 0.00625

3120 \times \frac{1-(1+0.00625)^{-360} }{0.00625} = PV\\

PV $446,214.9972

Interest at first period:

446,215 x 0.00625 = 2.788,84

<u>Amortization at first period:</u>

3120 - 2,788.84 = 331.16

<u>Total Amount amortized:</u> will be the future value of the annuity of this first depreication during the life of the mortgage

C \times \frac{(1+r)^{time} -1}{rate} = FV\\

C 331

time 56

rate 0.00625

331.16 \times \frac{(1+0.00625)^{56} -1}{0.00625} = FV\\

Total Amortized: $22,122.6919

<u>Mortgage liaiblity today:</u>

446,215 - 22,122.69 = 424.092,31‬

4 0
3 years ago
Sam wants to grow in his current role, and he decides to take a three-month skill enhancement course. Sam is demonstrating .
Shtirlitz [24]

Answer:

Selfmanagment skills

Explanation:

I had the same question

3 0
3 years ago
Other things being equal, foreign governments and corporations would demand ____ U.S. funds if their local interest rates were s
inessss [21]

Other things being equal,foreign governments and corporations would demand <u>More</u> U.S.funds if their local interest rates were suddenly higher than U.S. rates.For a given foreign interest rate level,foreign demand for U.S. funds is <u>inversely </u>related to U.S.interest rates.

Answer: More;inversely

<u>Explanation:</u>

U.S. funds represent the funds that are available for borrowing and interest rates means cost of those borrowings.Other countries can buy U.S funds.There is inverse relationship between U.S. interest rates and foreign  demand for U.S. funds.If U.S. interest rates are higher than a given foreign interest rate, than foreign governments will demand less of U.S funds because it will be costlier.But on the other hand if U.S.interest rates are less than a given foreign interest rate,than other countries will demand more of U.S. funds because it will be cheaper for them.

So demand curve for U.S funds and U.S interest rates is downward sloping.It has negative slope.

5 0
3 years ago
Whoever answer first is getting brainliest :D
Fofino [41]

Answer:

I think it's D

It the best answer

Explanation:

7 0
3 years ago
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Which of the following is a good time management technique
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A. Knowing how to prioritize
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3 years ago
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