Answer:
A) the demand for peanuts is inelastic
Explanation:
Since in the question it is given that the price of peanuts is fall fro $3 to $2 per bushel which shows the decreased in price while at the same time the revenue received is also decreased from $16 to $14 that results in demand for peanuts is inelastic
As we know that
Inelastic = When elasticity is less than one
So in the given case since the price and revenue received is decrease therefore the demand is inelastic
Answer:
textile developer is the answer
Answer:
6%
Explanation:
Current interest rate on one year bond = 5%
Forward interest rate on one year bond = 7%
To Calculate the interest rate on two year bond we use this:
Interest rate = [Current interest rate on one year bond + Forward interest rate on one year bond]/2
Interest rate = [5 + 7]/2 = 12/2 = 6%
Therefore,
The interest rate on two-year bond is equal to 6%.
Answer: The correct answer is the current cost of the television.
Explanation: When insurance coverage is for replacement value it means that if the insured suffers a loss they will receive the cost to replace the item. In this case, the television was $1,200 when he purchased it six years ago. If the same television is $2,000 to replace it, then he will receive the $2,000, not the $1,200 that he originally paid for it.