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3 years ago

The price of gold increases by 200%. if the price elasticity of demand for gold is 0.4, what will happen in the market?

1 answer:

3 0

I believe the answer will be that, the Gold sales will decrease by 80%. (200 × 0.4)
Price elasticity is a measure of the change in the quantity demanded or purchased of a product in relation to its price change. It is the percentage change in the quantity demanded of a good or a service divided by the percentage change in the price.
That is; Price elasticity of demand = % change in quantity/% change in price

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What is the typical relationship between time and interest rate everfi?

klasskru [66]

Interest rate is directly proportional to time. An interest rate is the amount of money due per period or a proportion of the amount borrowed or deposited. The total interest depends on the principal sum and the length of time over which it is lent or deposited. Therefore, the value of money will depend on interest rate and time. The longer time of debt or bank deposit, the higher interest rate.

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3 years ago

Heller Company offers an unconditional return policy to its customers. During the current period, the company records total sale

Evgen [1.6K]

Answer:

A. $816,000

Explanation:

The formula to compute the net sales is shown below:

= Total sales - sales returned

where,

Sales returned = Total sales × sales return percentage

= $850,000 × 4%

= $34,000

And, the total sales is $850,000

Now put these values to the above formula

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lapo4ka [179]

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3 years ago

Match the examples of the impact of the innovation of technology to their relevant sectors.

mezya [45]

Answer:

1. Communication.

2. Transportation.

3. Manufacturing.

4. Financial products.

Explanation:

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Some of the sectors that have been impacted greatly by technology includes;

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3 years ago

Abused children live in families of all socioeconomic levels, races, nationalities, and religious groups, although child abuse i

Digiron [165]

Answer:

The correct answer is lower-class nonwhite.

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To this socioeconomic class belong people with very low educational levels, barely with primary education and some with secondary education. Some casual or independent workers also enter this class. Lower class families do not have good basic services in their homes.

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4 years ago