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3 years ago

What can you conclude about the relationship between the slope of the demand curve above and its elasticity?

Business

1 answer:

NemiM [27]3 years ago

6 0

Answer:

By definition, the price elasticity of demand equals the percentage changes in the quantity demanded divided by the percentage changes in the price. There is an opposite relationship between the demand elasticity and the slope of the demand curve.

You might be interested in

Which of the following institutions employs scientists?

erastova [34]

The best and most correct answer among the choices provided by your question is all of the above.

All of the institutions in the given employ scientists.

I hope my answer has come to your help. Thank you for posting your question here in Brainly. We hope to answer more of your questions and inquiries soon. Have a nice day ahead!

4 0

3 years ago

The proper order of the following steps in the accounting cycle is prepare unadjusted trial balance, journalize transactions, po

photoshop1234 [79]

Answer:

The Accounting Cycle is as follows:

1. Transactions are analyzed and recorded in the journal.

2. Transactions are posted to the ledger.

3. An unadjusted trial balance is prepared.

4. Adjustment data are asssembled and analyzed.

5. An optional end-of-period spreadsheet is prepared.

6. Adjusting entries are journalized and posted to the ledger.

7. An adjusted trial balance is prepared.

8. Financial statements are prepared.

9. Closing entries are journalized and posted to the ledger.

10. A post-closing trial balance is prepared.

8 0

3 years ago

Tyson Corporation bought raw materials on April 23, 2012 and also on July 2, 2012. Products produced in the months of May were s

exis [7]

Answer:

2. the inventory acquired on April 23 with the products sold

Explanation:

Tyson Corporation

As the company uses FIFO it would associate the sales with the inventory bought earliest. FIFO means first in first out the materials bought first would be sold first . The materials bought later would be sold later. In this situation the April 23 inventory is the first purchase so it would be associated with the products sold first in July.

So option 2 is the best option indicating the first purchase sold first.

5 0

3 years ago

Read 2 more answers

On January 1, 2021, Adams-Meneke Corporation granted 25 million incentive stock options to division managers, each permitting ho

Olegator [25]

Answer:

Required Solution

Explanation:

6 0

3 years ago

A 10-year, 9.00%, $3,000 bond that pays dividends quarterly can be purchased for $2,775. This means that $2,775 is spent on the

Rainbow [258]

Answer:

The range of effective rate of return that the purchaser will receive would be between 10.2% - 11.2%. The right answer is a

Explanation:

According to the given data we have the following:

Quarterly dividend = $67.50

Buy price = $2,775

Maturity = 10 yrs = 10*4 = 40 quarters

Face value = $3000

Hence, PW = -2775 + 67.50 * (P/A,i%,40) + 3000*(P/F,i%,40) = 0

67.50 * (P/A,i%,40) + 3000*(P/F,i%,40) = 2775

Therefore, using trail and error method

When i = 2.5%, value of 67.50 * (P/A,i%,40) + 3000*(P/F,i%,40) = 2811.729

When i = 3%, value of 67.50 * (P/A,i%,40) + 3000*(P/F,i%,40) = 2479.917

And by using interpolation

i = 2.5% + (2811.729-2775) / (2811.729-2479.917) *(3-2.5)

i = 2.5% + 0.05534%

i = 2.555%

Nominal yeild = 2.555% * 4 = 10.22%

Effective yeild = (1+0.02555)^4 - 1 = 0.10618 = 10.62%

The range of effective rate of return that the purchaser will receive would be between 10.2% - 11.2%

3 0

3 years ago