Answer:
1
Unitary elastic
Elasticity of demand is unitary elastic because the absolute value of elasticity is equal to 1.
Explanation:
Elasticity of demand measures the responsiveness of quantity demanded to changes in price.
Elasticity of demand = percentage change in quantity demanded / percentage change in price
Percentage change in quantity demanded = (25 - 15) / 25 = 0.4 × 100 = 40%
Percentage change in price = ($5 - $7) / $5 = 0.4 × 100 = 40%
Elasticity of demand = 40% / 40% = 1
If coefficient of elasticity is equal to 1, demand is unit elastic. It means that a change in price has an equal efect on the quantity demanded. Quantity demanded has an equal and proportional change to changes in price.
I hope my answer helps you
Answer:
c. $1,300 gain
Explanation:
In this scenario, Susan recognized a $1,300 gain on this sale. This is because Susan originally purchased the stock for a total price of $6,000. When she sold the stock, she sold it for a higher price than what she originally paid for it therefore recognizing a gain. To calculate this gain we simply subtract her initial purchase price from her selling price of the stock which would give us a $1,300 gain.
$7,300 - $6,000 = $1,300
Answer:
The correct answer is: Civil law system.
Explanation:
A civil law system is the type of legal regime in which the laws set must be literally followed in front of Court and cannot be modified in any sense by the judges. The role of judges under this regime is to dictate the facts of the trial and to come to a decision found in the civil law system.
Answer:
$9,372
Explanation:
The computation of the total estimated cost is shown below;
Variable Cost Per Unit is
= ($14,272 - $8,622) ÷ (4,650 - 2,390)
= $2.50
Now the Fixed Cost is
= $14,272 - 4,650 × $2.50
= $2,647
Now the total estimated cost is
= $2,647 + 2,690 × $2.50
= $9,372
