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Y_Kistochka [10]
3 years ago
15

What happens to the total expenditures for a product with elastic demand when its price goes up?

Business
1 answer:
Afina-wow [57]3 years ago
7 0

Answer:

Elasticity is more than One (Ed > 1): When demand is elastic, a fall in the price of a commodity results in increase in total expenditure on it. On the other hand, when price increases, total expenditure decreases. It means, in case of highly elastic demand, price and total expenditure move in the opposite directions.

Explanation:

hope it helps yoou

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Answer:

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Explanation:

Preparation of the journal entry to record the sale of these bonds on March 1, 2022

Based on the information given we were told that Brothers Inc. issues the amount of $257,000 that includes 10-year and 8% bonds at 99 which means that the journal entry to record the sale of these bonds on March 1, 2022 will be :

March 1, 2022

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3 years ago
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The risk-free rate is 4.5 percent and the market expected return is 10.8 percent. What is the expected return of a stock that ha
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For this question you can use the CAPM formula:

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3 years ago
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Answer:

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