If a buyer has a critical or more important use of the product then the inelasticity of the demand increases, then it is the importance of the product affecting elasticity.
A product is considered inelastic if its demand remains static even if there is a significant price change. It is generally the basic necessity product that are considered as inelastic product. Inelastic demand of the product ensures the adequate supply of goods. In inelastic demand case the quantity demanded is same despite the change in price and the demand curve is graphed out as a vertical line. These goods have no substitutes ensuring the quantity demanded remains unaffected.
In case of fall in the price, the demand remains same, generating less revenue. On the other hand, if price hikes, the business earns significant profit.
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Answer:
the portfolio´s beta is 1.65
Explanation:
when the individual calculation of beta has been given, is possible to aggregate them as a weigthed average, so it is possible to apply te next formula

where w is the weigthed value for each asset, in this particular case we have:

so with this result we get 1.65
Answer:
False
Explanation:
There are 3 main decision making styles that most of us have regarding our normal day to day activities that includes our work and our personal lives, e.g. families and individual decisions. They are consumer, business, and personal decision making styles.
But managers, and specially true leaders have it a little more complicated. The four main decision making styles that apply to leaders are:
- directive: type of autocratic leadership where the leader decides everything by himself/herself
- conceptual: look for different alternatives and analyze each one of them
- consultative: seek advice from colleagues and subordinates, but the leader makes the decision
- consensus: seek advice from others and decisions are made by the group
The second part of the question is true; this leadership styles vary across countries, occupations and job levels.
Answer:
$90
Explanation:
Nominal GDP is GDP calculated using current year prices.
Nominal GDP = current year prices x unit of output
18 x $5 = $90
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year