Answer:
Price elasticity of demand measures how much the quantity increases when price decreases.
Explanation:
Price elasticity is the percentage change in the quantity demanded, divided by the percentage change in the price.
If the percentage in the change in the quantity demanded is bigger than the percentage in the change of the price we talk about elastic demand.
If the percentage in the change in the quantity demanded is smaller than the percentage in the change of the price we talk about inelastic demand.
And if he percentage in the change in the quantity demanded is excatly the same than the percentage in the change of the price we talk about unit elastic demand.
Answer:
The answer is $1.55
Explanation:
From the question above, we have the following:
Money spent by customer = $65
Transaction fee = $0.25
Percentage charge = 2% of the total charge
We calculate the total transaction fee as follows:
2% of $65 will be = 0.02 X $65
=> $1.3
Recall that there is a transaction fee = $0.25.
Therefore, total transaction fee:
$1.3 + $0.25
=> $1.55
What's on the list? I need to know so I can answer :)
Answer:
If i was shana i would save up her money for collage because first her tution into the school and if she dont like there then she screwed 2nd if she dont save her money then she don get a car an go see er fams
Explanation:
Answer:
The CPI for the given year is 123.
Explanation:
Consumer price index (CPI)
In the base year, the typical family bought 4 loaves of bread at $2 per loaf and 2 bottles of wine for $ 9 per bottle.
Cost at base year =$[(4×2)+(2×9)]
=$26
In a given year, bread cost $3 per loaf and wine cost $10 per bottle.
Cost at given year =$[(4×3)+(2×10)]
=$32
The CPI for the given year is
≈123
