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Artyom0805 [142]
3 years ago
11

For a certain good, when price rises from $50 to $55, quantity demanded falls from 8,400 to 7,500. The price elasticity of deman

d here is _____________, making the demand for this good ____________ in the price range between $50 and $55.
Business
1 answer:
yuradex [85]3 years ago
3 0

Answer:

Explanation:

The price elasticity of demand is PERFECTLY ELASTIC making the demand for the goods FALL in the price range between $50 and $55.

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What institution will Martha's lender check before granting or denying a loan or mortgage to Martha?
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Answer:

A credit bureau

Explanation:

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2 years ago
At the current steady state capital-labor ratio, assume that the steady state level of per capita consumption, (C/N)*, is greate
Blizzard [7]

Answer:

C) a reduction in the saving rate will have an ambiguous effect on (C/N)*

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Since the consumption rate is already higher than the steady state consumption, the effect of a decrease in the savings rate is ambiguous. Every dollar earned by a household is either spent or saved, and in order for savings to decrease, spending must increase.

But in this case, the spending level is already too high. A decrease in savings should increase consumption but the effects of the increase in the capital labor ratio and the per capita consumption are not certain.

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3 years ago
Vinnie (our friend in the video) had a lot of credit cards, and he did have fun with them! Then he nearly went broke. What was t
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8 0
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It should be noted that compound interest makes ones money grow faster. The reason for this is due to the fact that the interest is calculated based on the accumulated interest that the individual has earned over time and the original principal.

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