Answer:
-0.33
Explanation:
The calculation of the price elasticity of demand using mid point formula is shown below:
= (change in quantity demanded ÷ average of quantity demanded) ÷ (percentage change in price ÷ average of price)
where,
Change in quantity demanded is
= Q2 - Q1
= 80 units - 100 units
= -20 units
And, the average of quantity demanded would be
= (80 units + 100 units) ÷ 2
= 90 units
Change in price is
= P2 - P1
= $2 - $1
= 1
And, the average of the price is
= ($2 + $1) ÷ 2
= 1.5
So, after solving this, the price elasticity of demand is -0.33
Available Options Are:
a) higher sensitivity to changes in the interest rate, or
b) lower sensitivity to changes in the interest rate
Answer:
Option A. Higher sensitivity to changes in the interest rate
Explanation:
The reason is that the tax cut will encourage foreign investment and this increase in Foreign Investment will increase the GDP but by small amount. However, the higher interest rate in an economy always raises additional money in an economy which companies invest to purchase the new GDP. Thus the GDP growth is highly sensitive to changes in interest rate.
Answer:
Janine is an accountant who makes $30,000 a year. Robert is a college student who makes$8,000 a year. All other things equal, who is more likely to stand in a long line to get a cheap concert ticket?
Robert; his opportunity cost is lower
Explanation:
Robert has loss of potential gain from the alternative available, his low income will made him to queue in order to get the concert ticket
<span>Choose the best closing for a message requesting the receiver's support for a proposed change in a benefits plan. C</span><span>ontacting me by December 1 about your support of this new benefits plan will allow me to present this proposal at the next strategic planning session. Out of the above options, this option sounds the best and hits all of the necessary points to conclude a request. </span>
The right answer for the question that is being asked and shown above is that: "c. Replace some workers with machines." one action an employer can take to lower wage levels is that <span>c. Replace some workers with machines.</span>
