20 because just subtract 3 from 20
Pepsi and Coke Is the correct answer!
Answer:
Price elasticity of demand is -1
Explanation:
Price elasticity of demand is defined as the degree of responsiveness of quantity demanded to changes in the price of a product. It is calculated by finding ratio of percentage change in demand to percentage change in price.
Percentage change in demand= (80-100)/100= -20/100
Percentage change in demand= -0.2
Percentage change in price= (12-10)/10
Percentage change in price= 2/10= 0.2
Elasticity= Percetage change in quantity demanded/ percentage change in price
Elasticity= -0.2/0.2= -1
Answer:
$2,205
Explanation:
The amount available after two years can be calculated using the formula
A= P x ( 1 + r) ^n
where A = amount
P= principal: $2000
r = interest rate : 5%, or 0.05
n = number of compound periods: 2
A= $2000 x ( 1 + 0.05)^2
A= $2000 x1.1025
A= $2,205
Principal amount after two years = $2,205
Answer:
That statement is true
Explanation:
- Issued by money-centered financial firms,
- short- or medium-term insured debt instruments pay higher interest than a regular savings account.
Those are the characteristics of Certificate of deposit
The certificate of deposit that issued by a bank is protected by Federal Deposit Insurance Corporation. This means that you guaranteed the return of your investment.
As the risk of investment becomes lower, the amount of profit tend to also become lower along with it. This happens to all forms of investment.
On average, the amount of profit you can get from an investment through certificate of Deposit is only around 2% per year,
