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Inessa [10]
3 years ago
8

If the elasticity of demand for college textbooks is -0.1, and the price of textbooks increases by 20%, how much will the quanti

ty demanded change, and in what direction
Business
1 answer:
elixir [45]3 years ago
6 0

Answer:

The quantity demanded will decrease by 2%.

Explanation:

This can be determined using the elasticity formula as follows:

e = Percentage change in quantity demanded change / Percentage change in price ........ (1)

Where;

e = elasticity of demand for college textbooks = -0.1

Percentage change in quantity demanded change = ?

Percentage change in price = 20%

Substituting the values into equation (1) and solve for Percentage change in quantity demanded change

-0.1 = Percentage change in quantity demanded change / 20%

Percentage change in quantity demanded change = -0.1 * 20% = -0.02, or -2%

Since the Percentage change in quantity demanded change is negative 2%, it implies that the quantity demanded will decrease by 2%.

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BaLLatris [955]

Tijuana's actions are an example of <u> "altruism".</u>


Altruism is carrying on of worry for another's prosperity. Regularly, individuals carry on charitably when they see others in edgy conditions and feel sympathy and a craving to help. Selflessness doesn't generally easily fall into place, since by definition, it expects individuals to slight their very own worries to help other people with no desire for remuneration, however "reciprocal altruism" is a term utilized by evolutionary scholars and analysts to describe the choice to help with a desire that one will get some advantage or result to oneself. Agreeable conduct enabled our predecessors to make due under brutal conditions, despite everything it fills an important need to an exceedingly mind boggling society.

8 0
3 years ago
JohnBoy Industries has a cash balance of $54,000, accounts payable of $134,000, inventory of $184,000, accounts receivable of $2
Anettt [7]

Answer:Net working capital = $152,500

Explanation:

Net working capital = CA– CL

Where CA= Current Assets = Cash + Inventory + Accounts Receivable

and CL= Current Liabilities= Account payable + Notes payable + accrued wages and taxes

CA=$54, 000 + $184,000 + $ 219,000 =$457,000

Current liabilities = Account payable + Notes payable + accrued wages and taxes

CL = $134,000 + $129,000 + $41,500 = $304,500

Net working capital = Current assets – Current liabilities

Net working capital = $457,000 – $304,500=  $152,500

Net working capital = $152,500

5 0
3 years ago
Price level stability necessitates intelligent management or regulation of which of?
Kipish [7]

Price level stability necessitates intelligent management or regulation for money supply and interest rates.

Money supply alludes to how much money or cash coursing in an economy. The money supply is the aggregate sum of money present in an economy at a specific level.

The record of the absolute money supply is kept by the Central Bank of the country.

Interest rates is the sum a bank charges a borrower and is a level of the head - the sum credited. The financial cost on a credit it's regularly noted on a yearly premise known as the Annual Percentage Rate (APR).

To learn more about Money Supply.

brainly.com/question/12225192

To learn more about Interest Rates.

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3 0
1 year ago
Nelson Corp. is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an ann
Rashid [163]

Answer:

2 years

Explanation:

Payback period is the length of time it takes for the future cash flows to equal the initial investment.

$224,000 = $112,000 + $112,000

therefore,

It takes 2 years for the cashflows to equal initial investment

5 0
2 years ago
If chance or uncertainty is present in a system then there is an element of ____ in the decision making problem. a. danger b. ri
Elanso [62]

Answer: The answer is (D) Risk

Explanation:

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