Answer:
Infinity
Explanation:
In economics, we say that demand is perfectly elastic when the Price elasticity of demand coefficient is equal to infinity. This is because in the scenario that demand is perfectly elastic, it means that the buyers will only buy at just one price.
Thus, the price elasticity demand for alfalfa will be infinity.
Answer:
Symbolism
Explanation:
The nike swoosh is an example of position based on symbolism tools for the brand to distinguishes itself from its competitors?
Cheers
Answer:
8448.22
Explanation:
We are asked to calculate the present value of 20,000 in ten years.
<em>Resuming: </em>in this kind of problems we are asked for which lump sum becomes a certain amount in a given period of time at an annual rate
Answer:
All of the above are correct
Explanation:
We evaluate the validity of each of the options.
A) option A is correct
According to the law of demand, all things being equal an increase in price leads to a decrease in the quantity demanded.
If there was no tax, it would have been sold at a lesser price which would have driven the demand curve upwards
B) Option B is correct
The incidence of the tax is summarized by the fact that tax payments are sent to the government.
C) Option C is correct
The total tax is $1 with the buyers paying $0.8 more for a bottle of liquor. This means they bear the burden of paying 80% of the tax
D) Is correct.
Having evaluated the validity of all the options to be correct, then this particular option is correct too
Answer:
Explanation:
Long-term Investment cost = $25
Long-term Investment sales value = $54
Gain from Long-term Investment = $(54-25) = $29
Land cost = $53
Land sales value = $28
Loss from sale of Land = $(28-53) = -$25
Cash Dividend paid = $22
Total change in Assets = $(29-25) = $4
Total change in Equity = -$22
