I believe the answer is B because unions serve to protect workers' rights
Answer:
Price elasticity of demand = Percentage in quantity demanded / Percentage change in price
We already have the percentage change in quantity demanded as -4.3%.
We need to find the percentage change in price using the midpoint method.
= (New price - Old price) ÷ ((New Price + Old price) / 2)
Old price = 1.50 - 0.25 = $1.25
Percentage change in price = (1.50 - 1.25) ÷ ((1.50 + 1.25) / 2)
= 18.18%
Price elasticity of demand = -4.3% / 18.18%
= -0.24
According to your estimate, the Transit Authority's revenue rises when the fare increases.<u> TRUE. </u>
The statement is true because the price elasticity of demand here is Inelastic and when this is the case, revenue rises when the price of the good or service increases.
The price elasticity of demand is inelastic when it is less than 1 which is the case here.
Answer:
Explanation:
Prepayment is the term used to describe unscheduled repayment of debts either partially or in full before their due date. Prepayment is also the payments of bills such as utilities, invoices and other operating expenses in advance. Extra payments on top of the regular monthly repayment amount is also a prepayment.
Corporates and individuals make prepayments to save on payable interests. Debts, especially short term facilities such as credit cards and overdrafts, attract high-interest rates. The longer they remain unsettled, the more interest will be paid. Making prepayments saves from spending huge amounts on interest.
Prepayments help improve credit score. An improved credit score qualifies an individual or a business to borrow at low-interest rates.
