Answer
Price elasticiy of demand for business travelers: -0.16
Price elasticity of demand for vacationers: -0.29
Explanation:
To find the price elasticy of demand (PED) using the midpoint method, we use the following formula:
![PED = \frac{(Q2-Q1)/[(Q2+Q1)/2]}{(P2-P1)/[(P2+P1/2]}](https://tex.z-dn.net/?f=PED%20%3D%20%5Cfrac%7B%28Q2-Q1%29%2F%5B%28Q2%2BQ1%29%2F2%5D%7D%7B%28P2-P1%29%2F%5B%28P2%2BP1%2F2%5D%7D)
Where Q2 and P2 are the new quantity demanded and new price respectively, and Q1 and P1 are the old quantity demanded and price.
Plugging the amounts into the formula we obtain the results of the answer.
Because both results are in absolute value less than one (0.16 and 0.29), we can say that the PED of tickets, for both vacationers and Business traveleres, is relatively inelastic. (Demand falls less in proportion to the change in price).
GDP deflator is nominal GDP divided by real GDP.
Therefore, 225/real GDP = 3, and then real GDP would then equal 75.
Answer:
Web Design I & II
Explanation:
Worth a whole credit each, the web design courses on FLVS are fun and and interesting, but there's a lot of focus needed to make sure you're doing everything right. Since you'll be creating your very own website using Dreamweaver and Fireworks, you'll have to follow instructions laid out in the modules closely. If you're good at focusing and following extensive directions, then you should be fine with the course. Depending on how computer savvy and focused you are, completion time can range from a week to months.Either way, it's an easy course and can be a huge grade booster since as long as you follow directions, you can easily earn a 95% or higher in the class with barely any mindful effort.
Answer: general revenue-dedicated funds budget
Explanation: The general revenue-dedicated funds budget is a type of budget (the amount of money earmarked for a particular institution, activity or time-frame) that is comprised of funds for dedicated revenues that target money for specific purposes. The fund is designated dedicated because by law is dedicated, appropriated or set aside for a limited object or purpose in the State Treasury, a separate account or fund in the General Fund in the State Treasury and does not include a trust or revolving fund.
Answer:
The correct answer is option b.
Explanation:
The term Ceteris paribus is a Latin phrase which means holding other things constant.
Ceteris paribus in the law of demand means keeping other market constant, the demand for a commodity will change with change in the price.
The other market factors here are income, population, taste and preferences etc.
