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ohaa [14]
3 years ago
10

Suppose the Carolina Panthers football team lowers ticket prices by 20 percent and, as a result, the quantity of tickets demande

d increases by 25 percent.
This response means that the demand for tickets is:

A. perfectly elastic.
B. elastic.
C. inelastic.
D. unit elastic.
Business
1 answer:
Nookie1986 [14]3 years ago
6 0

Answer:

The correct answer is B. elastic.

Explanation:

Elastic demand occurs when, when any price changes for a good, the quantity demanded is drastically affected. In this case, there is a considerable variation in the price of the tickets, since there is no substitute good that people can access. This behavior is contrary to inelastic demand, since there is little or no variation in it.

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If the unemployment rate is 5.8% and the number of unemployed persons is 15 million, the labor force is approximately:__________
Delicious77 [7]

Answer: 258 million

Explanation:

The labor force refers to the number of people who are employed and the unemployed who are also looking for work.

Let the labor force be represented by x. Based on the question given, we can form an equation which will be:

5.8% of x = 15 million

0.058x = 15 million

x = 15million / 0.058

x = 258 million

Therefore, the labor force is approximately 258 million.

6 0
3 years ago
Gwendolyn and jack francis are investors with no financial training or investment background. which approach will they likely ta
Pani-rosa [81]

The answer is <u>"They will chose investments with less risk".</u>


Everything in life is about exchange offs. With low-risk investment decisions, you are probably not going to lose your main, yet you are additionally far-fetched to gain a high rate of return.  

In the event that you are investing cash you won't have to use inside the following ten years you might need to consider something that offers the potential for a higher return, which may likewise involve going for additional risk.  

The way toward building a portfolio implies you astutely select speculations with various levels of risk so they cooperate toward a shared objective.

6 0
3 years ago
What is the var of a 10 million portfolio with normally distributed returns at the 5% VaR? Assume the expected return is 13% and
Kitty [74]

Answer and Explanation:

The computation is shown below:

1. VaR = Expected return - z × Standard deviation  

= 13% - 1.645 × 20%

= -19.90%

Therefore the option a is the correct answer.

2) Now the correlation coefficient is

Variance of the portfolio  = (weight of A × Standard deviation 1)^2 + (weight of B × Standard deviation 2)^2 + (2 × weight of A × weight of B × Standard deviation 1 × Standard deviation 2 × correlation 1 and 2)

3.80% = (60% × 24%)^2 + (40% × 18%)^2 + (2 × 60% × 40% × 24% × 18% × correlation 1 and 2)

So the correlation is 0.583

8 0
3 years ago
a type of long term permanent financing for residential construction or large construction projects, that replaces the construct
shepuryov [24]

A type of long term permanent financing for residential construction or large construction projects, that replaces the construction loan is called a takeout loan.

<h3>What is a takeout loan?</h3>

A takeout loan is a method of financing whereby a loan that is procured later is used to replace the initial loan.

More specifically, a takeout loan, or takeout financing, is long-term financing that the lender promises to provide at a particular date or when particular criteria for completion of a project are met.

A take-out loan provides a long-term mortgage or loan on a property that "takes out" an existing loan.

The take-out loan will replace interim financing, such as replacing a construction loan with a fixed-term mortgage.

If the take-out loan is used to finance a rental or income-generating property, the take-out lender may be entitled to a portion of the rents earned.

To learn more about take-out loan, refer

brainly.com/question/1415802

#SPJ4

5 0
1 year ago
Indicate whether each of the following creates a demand for or a supply of European euros in foreign exchange markets:__________
DIA [1.3K]

Answer:

A: Demand of euros in foreign market.

B: Supply of Euros

C: Demand of Euros

D: Demand of Euros

E: Supply of Euros

F: Demand of Euros

G: Supply on Euros.

4 0
3 years ago
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