If a certain country considered handshakes in business transactions to be taboo and preferred to use nodding, This would be an example of differences in cultural forces. It is an example of differences in cultural customs because it includes <span>customs, lifestyles and values that characterize a society that are different. </span>
Answer:
Equilibrium price, p = 2.5
Equilibrium Quantity, Q = 22.5
Explanation:
The equation is:
Qd = 30 - 3p
Qs = 10 + 5p
At equilibrium, Quantity demanded equals quantity supplied
Equate Qd = Qs to find equilibrium price
30 - 3p = 10 + 5p
30 - 10 = 5p + 3p
20 = 8p
p = 20/8
P = 2.5
Substitute equilibrium price into Qd and Qs equation to find equilibrium Quantity
Qd = 30 - 3p
= 30 - 3(2.5)
= 30 - 7.5
= 22.5
Qs = 10 + 5p
= 10 + 5(2.5)
= 10 + 12.5
= 22.5
Therefore,
Equilibrium price, p = 2.5
Equilibrium Quantity, Q = 22.5
Answer:
price increases and Ed equals -2.47
Explanation:
Elasticity of demand measures the responsiveness of quantity demanded to changes in price.
Demand is inelastic if a change in price has little or no effect on quantity demanded. The absolute value of the coefficient for inelastic demand is less than 1.
If price increases and demand is inelastic, total revenue would increase because there would-be little or no change in quantity demanded as a result of the price increase.
Demand is elastic if a small change in price has a greater effect on the quantity demanded.
The absolute value of the coefficient for elastic demand is greater than 1.
If demand is elastic and price is increased, revenue would fall because of the decease in quantity demanded.
If demand is elastic and price is deceased, revenue would rise because of the increase in Quanitity demanded as a result of the fall in price.
Demand is unit elastic if a change in price has the same proportional effect on quantity demanded. The absolute value of the coefficient for unit elastic demand is one.
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Answer:
the Digby Corporation's total liabilities is $156.92 million
Explanation:
The computation of the total liabilities is given below:
Total Liabilities is
= Total Asset - (Total Common Stock + Retained Earnings)
= $210.761 - ($6.350 + $47.491)
= $210.761 - $6.350 - $47.491
= $156.92 million
Hence, the Digby Corporation's total liabilities is $156.92 million
The same should be relevant
