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tino4ka555 [31]
2 years ago
11

Assume that due to unfavorable conditions in a prime honey-producing area, the price of honey increases by 50 percent. the quant

ity consumed of herbal tea declines immediately by 25 percent. everything else held constant, the:
Business
1 answer:
vodomira [7]2 years ago
8 0

The answer to this question that would complete the statement is “<span>cross-price elasticity of demand for herbal tea and honey is negative, and therefore the two goods are complements.</span>”

<span>This means that a change in price of one product, directly affect the demand of the other product in an inversely fashion. In this case, as the price of honey increases, the demand for herbal tea decreases.</span>

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<h3>What is a Merger?</h3>

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George Jefferson established a trust fund that provides $170,500 in scholarships each year for worthy students. The trust fund e
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The returns of a capital amount to a compensation rate for depositing the money, to calculate these returns an interest rate is used by which the deposited capital is multiplied, in this case the rate is 4%.

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Answers

let <em>C</em> be the capital, then :

C\times4 \%  = 170500\\C\times\frac{4}{100}= 170500\\C=170500\times\frac{100}{4}\\C=4262500

The capital contributed by Mr. Jefferson was <em>$4,262,500</em>

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