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artcher [175]
3 years ago
15

Use figure 3.4 to answer the following: if the cost of gasoline increased from $3.00 per gallon to $4.00 per gallon and the quan

tity demanded decreases from 12 gallons to 10 gallons, would the demand be elastic or inelastic?
Business
1 answer:
Charra [1.4K]3 years ago
8 0

I think the most appropriate answer would be "inelastic demand". As the demand doesn't decrease significantly high and the cost of gasoline doesn't increase significantly increase that high.

(Inelastic demand is the the demand of a product does not changes too much/vigorously, as compared to elastic demand.)

I hope it helped you!

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Answer:

Explanation:

In order to find the highest amount david can pay or in other words the present value of the investment we would have to discount the cash flows

3000/1.08+3000/1.08^2+3000/1.08^3+3000/1.08^4+3000/1.08^5=11,978

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4 years ago
A salaried employee receives an annual salary of $40,000. There are 26 pay
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Answer:

B. $1,738.46

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Gross pay =  $1,538. 46 + $200 bonus

=$1,738. 46

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E marketplace can take two different formats, which are
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hope this helps
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4 years ago
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