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Masteriza [31]
3 years ago
15

When the price increases by 30% and the quantity demanded drops by 10%, the price elasticity of demand is: quizet

Business
1 answer:
Nataly [62]3 years ago
8 0

Answer:

0.33 inelastic

Explanation:

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

Price elasticity of demand = percentage change in quantity demanded / percentage change in price

10% / 30% = 0.33

Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one .

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In the long run, the most important source of increase in a nation's standard of living is a: Group of answer choices high rate
Kruka [31]

In the long run, the most important source of increase in a nation's standard of living is high rate of economic growth.

<h3>What is economic growth?</h3>

This refers to continuous increase in the total amount of goods and services produced within a country.

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6 0
2 years ago
We are evaluating a project that costs $714,400, has an eight-year life, and has no salvage value. Assume that depreciation is s
kifflom [539]

Answer:

a-1. 55,620 units

a-2. 9.34

Explanation:

a-1. The accounting break-even point is calculated by;

= (Fixed costs + Depreciation) / (Sales - Variable costs)

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Accounting breakeven = (745,000 + 89,300) / (51 - 36)

= 55,620 units

a-2. Degree of Operating Leverage

= 1 + (Fixed Costs/ Operating Cashflow)

= 1 + (745,000 / 89,300)

= 9.34

<em>At this point, the only given Operating cashflow figure is Depreciation. </em>

6 0
3 years ago
The fair debt collection practices act attempts to ensure that creditors are always paid by debtors.​ true false
lorasvet [3.4K]

False. The Fair Debt Collection Practices Act limits the behavior and tactics of debt collectors. It exists to protect borrowers.

3 0
3 years ago
Read 2 more answers
A wealthy retired investor is interested in buying Agency mortgage backed securities collateralized by 30-yr mortgages as an inv
fomenos

Answer:

A) Principal will be repaid earlier than anticipated and will need to be reinvested at lower rates, generating a lower level of income

Explanation:

Because of the lower interest rates, the investor will get his principal back faster. This can now be invested back at the new lower rate.

The loan duration will also reduce in this instance.

Getting quick funds to pay off the old higher interest mortgage will be a smart move. There will now be an investment in the lower interest mortgage.

6 0
3 years ago
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