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RSB [31]
3 years ago
14

A book on how to invest in collectibles spends several weeks on best seller lists. The paperback book was originally released fo

r $9.99. A reduction of the price to $9.79 had little effect total revenue, which remained the same. This is due to the book having:
Business
1 answer:
miskamm [114]3 years ago
4 0

Answer:

inelastic demand

Explanation:

Price elasticity of demand (PED) measures the proportional change in quantity demanded when the price of a product or service changes:

  • when a 1% decrease in price, increases quantity demanded in a smaller proportion, the PED is said to be inelastic.
  • when a 1% decrease in price, increases quantity demanded in a larger proportion, the PED is said to be elastic.
  • when a 1% decrease in price, increases quantity demanded in the same proportion, the PED is said to be unit elastic.

In this case, the decrease in price (-2%) barely increased the quantity demanded, therefore, the PED is inelastic.

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In a large open economy , an investment tax credit raises the real interest rate, __________ the trade balance, and __________ n
In-s [12.5K]

Answer:

The correct approach will be "decreases, decreases."

Explanation:

  • The investment tax incentive helps corporations to exclude a portion of the expense including its investment towards taxes. This raises disposable income unintentionally. This increase in household inflation rate is contributing to something like an increase in the rate of trade.
  • As either the significance of the domestic country's currency, export industries decreasing trend as well as imports rise, resulting throughout a decline throughout the terms of payment. The capital flows grow and indeed the outflow declines even as actual interest rates go up, the decline in net investment output.
4 0
3 years ago
Suppose a 95% confidence interval was made to estimate the monthly cost of internet service instead of a 90% confidence interval
Alex

The 95% confidence interval will be wider than the 90% confidence interval.

In statistics, the likelihood that a population parameter will fall between a set of values for a certain percentage of the time is referred to as a confidence interval. Analysts frequently employ confidence ranges that include 95% or 99% of anticipated observations. Therefore, it may be concluded that there is a 95% likelihood that the real value falls within that range if a point estimate of 10.00 with a 95% confidence interval of 9.50 - 10.50 is derived using a statistical model.

  • The level of certainty or uncertainty in a sampling process is measured by confidence intervals.
  • Additionally, they are employed in regression analysis and hypothesis testing.
  • To determine statistical significance, statisticians frequently combine confidence intervals with p-values.
  • 95% or 99% confidence levels are most frequently used in their construction.

Learn more about Confidence interval, here

brainly.com/question/13067956

#SPJ4

6 0
1 year ago
Stagflation might be caused by a increase in the money supply. b increase in the price of raw materials. c decrease in the money
just olya [345]

Answer:

increase in the price of raw materials

Explanation:

Stagflation is a period of both persistent high inflation and decline in gross domestic product of an economy.

Inflation occurs when general price level rises.

Stagnation is caused by a fall in production of goods and services in the economy. An increase in the price of raw materials can discourage production.

I hope my answer helps you

8 0
3 years ago
Which diagram arranges the types of business organizations from the most
Zinaida [17]
Can you show the diagram
3 0
3 years ago
Read 2 more answers
2lm²n³ ÷ 3l³m²n <br><br>please help :)) ​
Anvisha [2.4K]

Answer:

\frac{2}{3} {l}^{ - 2} {m}^{0}  {n}^{2}

{m}^{0}  = 1

8 0
3 years ago
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