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erica [24]
3 years ago
14

The demand for bus rides is a downward-sloping straight line demand curve. The price elasticity of demand for bus rides ________

.(A) decreases as the price of a bus ride(B) rises is the same no matter what the price of a bus ride(C) increases as the price of a bus ride falls(D) decreases as the price of a bus ride falls
Business
1 answer:
MrMuchimi3 years ago
4 0

<u>Answer:</u>

<em>The price elasticity of demand for bus rides decreases as the price of a bus ride falls  (D)</em>

<em></em>

<u>Explanation:</u>

Price elasticity of interest is a financial proportion of the adjustment in the amount requested or obtained of an item in connection to its value change. When the amount required of an object displays a considerable difference because of changes in its value, it is named versatile; that is, the amount extended a long way from its earlier point. On the off chance that the amount obtained has a little change because of its value, it is named inelastic; or the amount did not extend much from its earlier point.  

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You just sold 300 shares of stock at a price of $42.06 a share. You purchased the stock for $39.80 a share and have received tot
Alex Ar [27]

Answer:

$678

Explanation:

Given that,

Number of shares sold = 300

Selling price of each share = $42.06

Cost of purchasing shares = $39.80 per share

Total dividend received = $1,272

We can easily determine the total capital gain on this investment by comparing the sales value and purchase value of this stock.

Total capital gain on this investment:

= Sales value - Purchase value

= (Number of units × Selling price per unit) - (Number of units × cost of purchasing per share)

= (300 × $42.06) - (300 × $39.80)

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3 0
3 years ago
3. An investor shorts 100 shares when the share price is $20 and closes out the position six months later when the share price i
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Answer:

$160

Explanation:

Calculation to determine How much does the investor gain or lose

Investor gain =[($20-$18.2)*100 Shares]- ($0.2*100 shares)

Investor gain=($1.8*100 shares)-($0.2*100 shares)

Investor gain=$180-$20

Investor gain=$160

Therefore The amount that the investor gain is $160

7 0
3 years ago
What is the most important component in planning a special event as a way to both advocate for your programs and raise funds?
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Suppose the market for cantaloupes is unregulated. That is, cantaloupe prices are free to adjust based on the forces of supply a
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Answer:

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So, buyers will compete for lower supply amount of cantaloupe by willing to pay higher price.

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