A demand is relatively inelastic if for an increase in price, the quantity demanded falls by a proportionately smaller percentage.
<h3>What is a
relatively inelastic demand?</h3>
A relatively inelastic demand refers to a when the percentage change produced in demand is <u>less</u> than the percentage change in the price of a product.
In conclusion, the inelastic demand are often seen in most essential goods.
Read more about inelastic demand
<em>brainly.com/question/5078326</em>
Answer:
No, because he can increase his total utility by purchasing more music downloads and fewer snacks.
Explanation:
Given:
<span>bonds on the market with 19.5 years to maturity
</span><span>a yield to maturity of 6.6%,
current price of $1,043
face value of $1,000
YTM = Coupon payment / current price
6.6% = Coupon payment / 1,043
6.6% * 1,043 = Coupon payment
68.838 = coupon payment
Coupon rate = Coupon payment / Face Value
Coupon rate = 68.838 / 1,000
Coupon rate = 0.068838 or 6.88%
The coupon rate of DMA Corporation's bonds is 6.88%.
Regardless of its price in the market, each bond will have 68.838 annual interest payment or 34.419 semi annual payments.</span>
Answer:
22.50%
Explanation:
Amount of return on asset = Rate of return * Asset value
Amount of return on asset = 15% * $150 million
Amount of return on asset = $22.5 million
Operating profit margin = Amount of return on asset / Sales
Operating profit margin = $22.5 million / $100 million
Operating profit margin = 0.225
Operating profit margin = 22.50%
