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Nina [5.8K]
3 years ago
9

In which of these instances is demand said to be perfectly inelastic?

Business
1 answer:
Murljashka [212]3 years ago
5 0

Answer:

b. A decrease in price of 2% causes an increase in quantity demanded of 0%.

Explanation:

By definition, the demand is said to be <em>perfectly inelastic</em> when no matter how much the price of a good changes, you will still be consuming the same exact amount as you did before the price changed.

Keeping this in mind, we know that the price may increase or decrease in 2%, but the demanded quantity will not have any change at all (people won't consume less or more).

So, now we know that the correct answer is <em>b, </em>because a decrease in price of 2% causes an increase in quantity demanded of 0% - in other words, people's purchase decision weren't influenced by the change in the price.

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aleksklad [387]

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7 0
2 years ago
2. On December 1, a company accepted a $5,000, 4%, 90-day note. How much accrued interest will be recorded as an adjusting entry
uysha [10]

Answer:

B. $16.67

Explanation:

The computation of the accrued interest expense is shown below:

= Notes receivable or Principal × rate of interest × number of days ÷ (total number of days in a year)  

= $5,000 × 4% × (30 days ÷ 360 days)

= $16.67

We assume there are 360 days in a year

And, the 30 days is calculated from December 1 to December 31

This is the answer and same is not mentioned in the given options

4 0
3 years ago
Agent Don plans to conduct a marketing/sales event at the local public library on October 28 at 2pm. He received permission to p
kvasek [131]

Answer:

5th Nov is the latest date don could submit a event request.

Explanation:

  • The marketing and sales event can both be organized at the health care. These events can be planned no less than 7 days of the colander before the day of the event. These event can e both formal and informal.
6 0
3 years ago
In the following application problems, assume a linear relationship holds. 7) A person who weighs 150 pounds has 60 pounds of mu
Gemiola [76]

Answer:

weight/muscle

y = 0.4x

a 170 pounds will have 68 pounds of muscle

heights/weights

y = 7x-338

68 inches weights 138 pounds

year/college

y = 120  x t + 13,200

beging the base the year 2000 2015 will be t = 15

at t =10   14,400

kwh/ cost

y = 0.18 x + 10

y = 0.18 x 400kwh  + 10 = 82

coffe cups/cost

y = 3 x + 1000

at x = 100

it will sale 1300 coups of coffee

Explanation:

\\y = ax + b\\\frac{y_2-y_1}{x_2 - x_1} = a

(72-60)/(180-150) = 12/30 = 0.4

y = ax + b

60 = 0.4 x 150 + b

b = 60-60  = 0

170 x 0.4 + 0 = 68

(180 - 110)/(74 - 64) = 70 / 10 = 7

180 = 7 x 74 + b

b = -338

7x68 - 338 = 138 pounds

(15000 - 13200) /( 2015 - 2000) = 120

13200 + 120 x 10  = 14,400

(118 - 55)/(600 - 250) = 0.18

118 - 0.18 x 600 = b

b = 10

150/0 = 3

y = 3 x + 1000

y = 3 (100) + 1,000 = 1,300

8 0
4 years ago
The average number of times each dollar in the money supply is used to purchase goods and services is called:______.
zhenek [66]

Answer:

o think the answer is the discount rate

7 0
3 years ago
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