Answer:
A. The definition of a market in determining the price elasticity of demand.
Explanation:
Price elasticity of demand is the height of responsiveness of demand or purchase to changes in price. It shows how consumers or buyers would react to the demand for a product when the price of their favourite brand increases.
Reaction of consumers in the market place is one of the determinants of price elasticity of demand. It tells how buyers will switch to different brand of products if the price of their favourite brand increases. It also shows how consumers will adjust their spending abilities if the price of all the brands are increased at the same time.
Alternatively, consumers would demand for the brand that falls within the limit of their spending.
Answer:
The purpose of the function is to lend the people indeed.
Explanation:
a central bank help to keep our money and give a loan
Welders require little formal education.
A welder fuses metal components to form a final product that meets a client's request. They need physical strength and proper skills to manage hazardous and heavy welding equipment. Welders are employed in a myriad of industries, including construction, steel, aerospace, and motor vehicles, each of which may depend on their level of expertise.
Hope this helps!
The correct answer is 40 million additional visitors per year.
Suppose the first bill is passed, raising the probability of catching any given terrorist from 10% to 20%. However, this isn't enough for some. One representative introduces a bill that would increase security by an additional 10 percentage points, from 20% to 30%. Again, assume these measures do not change the position of the blue curve.
The opportunity cost of this additional measure is 40 million additional visitors per year.
Answer: 10%
Explanation:
The Capital Asset Pricing Model or CAPM for short can be used to calculate expected return in the following manner,
Expected return = Rf+B(Rm-Rf)
Rf = Risk free rate
B = Beta
Rm= Market return.
Plugging the figures in we have
Expected return = Rf+B(Rm-Rf)
= 0.04 + 1(0.1 - 0.04)
= 0.1
= 10%
