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Katena32 [7]
3 years ago
5

Suppose that a 2% increase in price results in a 6% decrease in quantity demanded. Own-price elasticity of demand is equal to​

SAT
1 answer:
kodGreya [7K]3 years ago
8 0

Answer:

The correct answer to the following question will be "3".

Explanation:

The given values are:

Percentage demand,

= 6% i.e., .06

Percentage change in the price,

= 2% i.e., .02

Now,

Own-price elasticity of demand will be:

=  \frac{Percentage \ demand}{Percentage \ change \ in \ price}

On substituting the estimated values, we get

=  \frac{.06}{.02}

=  3

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the midpoint of 59 and 65 is 62

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Identify the statement below that describes what the Days' sales uncollected ratio assesses.
Tju [1.3M]

The statement which describes what the Days' sales uncollected ratio assesses how to measure how quickly a company can convert its accounts receivables into cash.

<h3>What is Sales uncollected ratio?</h3>

This helps measure the days the company will receive cash and is an important ratio for the company's investors and creditors.

This measures how fast a company will receive cash payment for its goods and services.

Read more about Sales uncollected ratio here brainly.com/question/17087119

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6 0
2 years ago
Aubrey invested $7,100 in an account paying an interest rate of 5. 6% compounded quarterly. Assuming no deposits or withdrawals
MatroZZZ [7]

Answer:

6.6%

Explanation:

after 19 years

7 0
2 years ago
A piece of equipment costs $30,000, and is expected to generate $8,500 of annual cash revenues and $1,500 of annual cash expense
djverab [1.8K]

Answer:

C. 4.29 years

Explanation:

The computation of the payback period is shown below:

Payback period = Initial investment of the equipment ÷ Cash flows

where,

Initial investment = $30,000

And, the cash flows is

= $8,500 - $1,500

= $7,000

So the payback period is

= $30,000 ÷ $7,000

= 4.29 years

By dividing the initial investment by the cash flows we can get the payback period and the same is applied above.

please mark me brainliest!!

6 0
2 years ago
What is not a type of sedimentary rock?
Dafna11 [192]
The answer is C. Extrusive. 

Extrusive is not a type of sedimentary rock. 

I hope this helps!

Have a nice day! 

:)
6 0
3 years ago
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