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ohaa [14]
3 years ago
10

Suppose the price elasticity of demand for cereal is negative −1.03. If​ so, then the demand for cereal is (unit-elastic, elasti

c, inelastic. In another​ example, assume the price elasticity of demand for a particular magazine is negative −0.72. The demand for the magazine is unit-elastic, elastic, inelastic
Business
1 answer:
kari74 [83]3 years ago
5 0

Answer:

The demand for cereal is elastic.

The demand for the magazine is inelastic.

Explanation:

The price elasticity of demand is the degree of responsiveness of quantity demanded to change in price. A negative price elasticity implies that the product is a normal good.

The price elasticity of demand for cereal is −1.03. This means that the demand is price elastic. An elastic demand implies that a change in price will cause more than proportionate change in quantity demanded.

The price elasticity of demand for a particular magazine is −0.72. This means that the demand is price inelastic. An inelastic demand implies that a change in price will cause less than proportionate change in the quantity demanded.

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Security is a financial instrument backed by assets. They give the holder an interest or right in something else. A regulation u
Ksivusya [100]

Answer:

c. a resort condominium project in which owners enter their units in a common rental pool to enhance their income

Explanation:

As provided, the company here aggregates funds to acquire property and then earn rental income. The company can be a combination of many individuals or firms or any other form. But since it is earning an assured income in the form of rentals, it can be categorized as security.

Accordingly if it is a security, the security laws will be applicable on them.

Option a and b do not provide so, as they do not form a security, as in case a there is no definite income attached. In case b there are losses also attached, as it is for residential and retail in the same volume, making it loose its commercial substance.

7 0
3 years ago
This assignment requires the application of your understanding of how the federal budget deficit affects economic variables.
SVEN [57.7K]

The  impact of a federal budget deficit on interest rates and the trade balance is that it can bring about the  inflow of foreign financial capital as well as a better exchange rate.

<h3>How can budget deficit have effect on trade balance?</h3>

When there is a stronger exchange rate there will be a little bit difficult for all the  exporters that want to sell their goods to foreign countries,  and at this time the imports will become cheaper.

In this case, trade deficit  will definitely bring about  an inflow of foreign financial capital as well as a good exchange rate.

Learn more about budget deficit on:

brainly.com/question/1083134

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7 0
2 years ago
In 2005, mandy and hal (mother and son) purchased land for $600,000 as joint tenants with right of survivorship. of the $600,000
Romashka [77]

Answer:

$500,000

Explanation:

Actual amount contributed by Hal to the land purchase = Contribution - Gift from mandy = $300,000 - $200,000 = $100,000

Hal's contribution weight in the land = 100,000 ÷ 600,000 = 1 ÷ 6

Hal's gross estate in the land = $3,000,000 × (1 ÷ 6) = $500,000

Therefore, as to the land, hal's gross estate must include $500,000.

4 0
3 years ago
If all of the logical conditions are true, the and function returns the logical value _____. select one:
anastassius [24]
False is the answer to this question. 

3 0
3 years ago
Software Riverside Company issued long-term debt of 410 paid dividends of 20 and issued capital stock of 100. Cash flow from fin
Mazyrski [523]

Answer:

Cash flow from from financing activities = $490

Explanation:

<em>The cash flow from financing activities includes that entails any or a combination of the following; issuance and redemption of stocks , issuance and redemption of debts and payment of interest and/or dividend, and receipt of dividend and or interest.  </em>

Cash flow                                    $

issue of long term debt           410

Cash dividend paid                  (20)

Capital stock issued                  <u>100 </u>

Net cash from financing activ.  <u>490</u>

Cash flow from from financing activities = $490

8 0
3 years ago
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