Answer:
More workers are unemployed.
Answer: $6.08
Explanation:
To calculate the coupon payment it must have paid in December 2018 if the CPI was 247.91 in December 2017 and 251.23 in June 2018 will be:
Face value = $1000
Coupon rate = 1.2%
= Face value × Coupon rate / 2 × CPI June 2017 / CPI December 2018
= (1000 × 1.2%)/{(2 × 251.3)/247.91}
= 12/(502.6/247.91)
= 12/2.027
= $6.08
Answer:
Elastic
A heart valve for heart attack victims
Red bell peppers - least elastic
Vegetables - in between
Food - most elastic
less elastic
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.
Demand is inelastic if a small change in price has little or no effect on quantity demanded.
a good that is considered a necessity usually has a less elasticity of demand.
the more narrowly defined a good is, the less elastic demand is. for example, there are many substitutes for food because it is largely defined, so its elasticity of demand would be more elastic
in the short run, demand is usually less elastic because there is a short time to find suitable substitutes. but in the long run, consumers have enough time to find suitable substitutes so demand is usually more elastic
These are considered convenience goods