If the price of good X rises and the demand for good X is inelastic, then the percentage fall in quantity demanded is greater than the percentage change in price, and total revenue falls.
Demand elasticity, often known as the elasticity of demand, gauges how consumers react to changes in price or income. Due to the fact that the price of a good or service is the most typical economic component used to measure it, it is frequently referred to as price elasticity of demand.
The whole amount of money a seller can make by providing goods or services to customers is known as total revenue. The formula for this is P
Q, or the purchase price times the quantity of the products sold.
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Answer:
$12,892.67
Explanation:
Given:
Deposit amount (P) = $5,000
Interest Rate(I) = 7% (compounded annually) = 7/100 = 0.07
Number of years (n) = 10+4 = 14 years
Amount (A)=?
Calculation:
Amount = $12,892.67
So, we get $12,892.67 , 10 years from today.
Answer:
The diseconomies of scale because average total cost is rising as output rises.
Explanation:
The correct answer is soft money.
Soft money is the unregulated money given to the political party and not to a candidate meant for party building. The money can originate from an individual, corporations or political action committee. Hard money on the other hand is regulated money (political donations) by law through the federal election commission. McCain-Feingold act was an act that amended the federal government election campaign act in 1974, which regulates the funding and financing of political parties.
