Answer: B. is more price elastic in the long run than in the short run because in the long run a substitute for crude oil may be found
Explanation:
The Demand for Crude oil is more elastic in the long run than in the short run because in the long run a substitute for crude oil may be found.
Crude oil is more elastic in the long run because consumers have enough time to find substitute products for crude oil. Price elasticity of demand in the short run is low because consumers donot have sufficient time to look for substitutes , they donot have much of a choice but to take whatever price is charged by producers of crude oil
Answer:
Limit order.
Explanation:
A limit order is an order executed in part or in full when a price level previously defined by it has been reached. In case of a partial execution, the order remains active until executed in full within its validity period or until cancelled.
Limit order in the L2 module :
- executed only at the specified price and only with Deltastock as a liquidity provider ;
- when another liquidity provider is used, the order is executed as a market order when the requested price is met and with the provider first to quote that price.
- in case of a partial execution of a limit order in the L2 module, the remaining amount constitutes a new limit order, valid until executed or cancelled.
Answer:
C. y = 11000(1.086)^7
Explanation:
Given the following data;
Principal = $11,000
Interest rate = 8.6% = 8.6/100 = 0.086
Time = 7 years
To derive a mathematical expression, we would use the compound interest formula;
Where;
A is the future value.
P is the principal or starting amount.
r is annual interest rate.
t is the number of years for the compound interest.
Substituting into the formula, we have;
A = $19,580
The way Gilberto prepared hes speech for his art history course (presentation and plans from a brief set of note cards) states that he is using extemporaneous delivery. This type of speech delivery <span>is usually given from brief notes or a speaking outline and it is an effective </span>way to hold the interest of and motivate an audience.
Answer:
A contract was formed when Andrew mailed his acceptance on Wednesday.
Explanation:
A contract is formed only if the parties intend to be legally bound by their promises and have clearly agreed on what those promises are. This is known as a meeting of the minds. The court will look for certain elements to determine whether a valid contract has been made. These are offer, acceptance, and consideration
