For this case, what you should remember is the demand curve.
The vertical axis represents the price.
The horizontal axis represents the quantity.
In this curve we see that the quantity demanded decreases at a higher price.
The lower price the quantity demanded increases.
Answer:
<span> b. the income effect.
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Answer:
These statements are correct:
- It makes it easier to compare prices across Europe - the Euro is the common curriency across 19 countries, but prices in those countries are far from being the same. For example, Germany is a lot more expensive than Greece (although a lot wealthier too), and Greek people can easily find out that the same product in Germany costs more euros than in Greece.
- It makes Europe an optimal currency area - in the Eurozone, economic efficiency is now higher because resources can be allocated across different countries thanks to the fact that prices can be compared in the region.
Answer:
Stock B is most valuable
Explanation:
a. Price of Stock A = $11.20/10% =$11.20/0.1 = $112
b. Price of Stock B = $6.20 / (10%-6%) = $6.20/4% = $6.20/0.04 = $155
C. Price of Stock C = $4.80/1.1 + $4.80*1.22/1.11^2 + $4.80*1.22^2/1.11^3 + $4.80*1.22^3/1.11^4 + $4.80*1.22^4/1.11^5 + ($4.80*1.22^5/10%)/1.1^5
Price of Stock C = $4.36 + $4.75 + $5.22 + $5.74 + $6.31 + $80.55
Price of Stock C = $106.93
Conclusion: Stock B is most valuable
Answer:
Explanation:
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