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Svetlanka [38]
3 years ago
15

When the price of a textbook falls by 4 ​percent, the quantity demanded of textbooks increases by 5 percent. What is the price e

lasticity of demand for textbooks​?
Business
1 answer:
just olya [345]3 years ago
5 0

Answer:

The price elasticity of demand for textbooks is 1.25

Explanation:

Price elasticity of demand is given by percentage change in quantity demanded divided by percentage change in price

Percentage change in quantity of textbooks demanded = 5%

Percentage change in the price of a textbook = 4%

Price elasticity of demand for textbooks = 5% ÷ 4% = 1.25

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Answer:

The correct option is D

Explanation:

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Rise in GDP could be because of the strengthening in the property rights, increase in the investment in human capital and change from inward oriented policies to the outward policies.

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2 years ago
Howard Ramsell recently became aware of implied warranties that exist for consumer purchases. An implied warranty exists as a re
faltersainse [42]

Answer:

(C) the intended use of a product.

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3 0
3 years ago
________________ mortgage is two or more mortgages consolidated into one payment, and is usually designed to allow the buyer to
azamat

Answer:

wrap around mortgage

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A wrap-around mortgage is can be used in deals of owner-financing.

Wrap around mortgage refers to two or more mortgages consolidated into one payment. Such type of mortgage allow the buyer to purchase with a smaller down payment. A buyer also gets an added benefit of a below market interest rate first mortgage. A wrap-around mortgage can only be used to homes with an existing FHA or VA loans.

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