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Doss [256]
3 years ago
7

If, when the price of a product rises from $2 to $3, the quantity demanded of the product decreases from 600 to 400, the price e

lasticity of demand coefficient, using the midpoint formula, is:
Business
1 answer:
const2013 [10]3 years ago
6 0
Price elasticity of demand is often talked about when the demand for a good is sensitive to pricing. The equation is,
                             n = ((Q1 - Qo)/(Q1 + Qo)) / ((P1 - Po)/(P1 + Po))
Substituting the known values,
                            n = ((400 - 600)/(400 + 600)) / ((3 - 2)/(3 + 2))
                                n = -1
Thus, the price elasticity of demand is -1. 
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Naddik [55]

Option B

​:hover the pseudo-class that should be used to perform this function.

<h3><u>Explanation:</u></h3>

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a:hover must appear after a:link and a:visited in the CSS definition to be powerful. It should resemble third in order (subsequent the :visited pseudo-class). Pseudo-class names are not case-sensitive. The syntax is

a:hover {

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8 0
3 years ago
Usings to - Do List effectively is likely to help students with which of the following?
astra-53 [7]
Listening,answers,Focus in class I think. I hope this help!
7 0
3 years ago
What are the effects of business on environment? List them. ​
Furkat [3]

Answer:

The four main environmental issues that are most likely to influence the activities of a business are climate change, pollution, sustainability and waste reduction.

Explanation:

4 0
3 years ago
The variance of returns of Asset A is 625. The variance of returns of Asset B is 1,225. The covariance of returns between Asset
kodGreya [7K]

Answer:

The correlation of returns between Asset A and Asset B is closest to 0.685714

or 68.57%

Explanation:

The formula to find the correlation of an asset is

Correlation of AB = Co variance AB/Standard deviation A * Standard deviation B

Co variance AB =600

Standard deviation of A= (625)^0.5=25

Standard deviation of B = (1,225)^0.5=35

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600/(25*35)=0.685714

8 0
3 years ago
The table below describes the market for dishwashers.
zvonat [6]

Answer:

The equilibrium daily wage rate is $150.

Explanation:

The equilibrium price and equilibrium quantity take place where the supply and demand curves intersect each other. The equilibrium take place when the quantity demanded is same as the quantity supplied.

Consider the data provided.

Wage per            Quantity demanded           Quantity supplied

    day                          per day                                per day

    $10                           8,000                                      10

   $25                           5,000                                     500

   $50                           4,000                                    1,000

  $100                           3,500                                   2,000

  $150                            3,000                                  3,000

In this case, it is clear from the table that the quantity demanded is same as the quantity supplied when the wage per day is $150.

Also consider the graph attached.

The intersection point of the two graphs is at ($150, 3,000).

So, the equilibrium daily wage rate is $150.

7 0
3 years ago
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