Answer:1.0 and X and Y are substitutes.
Explanation:
Elasticity is the degree of responsiveness of the change in price to a change in quantity demanded. Cross elasticity considers 2 products.
Old price $10
New price $8
Old quantity 20 units
New quantity 25 units
Formula: (change in quantity demandedY/change in priceX) * (old priceX/old quantityY)
{ (25-20) / ($10-$8) } * (10/20) = 1.25
Decision Rule:
> 0 the 2 products are substitutes
< 0 the 2 products are complements
= 0 the 2 products are independent
From the calculation, the products are substitutes because its Elasticity is greater than 0.
Answer:
Increase
Explanation:
The rate of a bank work or performance is mostly acted upon or influenced by the interest payments earned on its assets (loans and investments) relative to the interest paid on its liabilities (deposits). Bank will get profit from increasing interest rates only if the said assets have floating (adjustable) rates.
When the value of risk-sensitive assets is beyond that of its liabilities, the bank would profit from increase in interest rates.
Uh what are the answers though
The team that includes about 5 to 15 members that work together to produce an entire product is called a Functional team
<h3>Who is a
Functional team?</h3>
A Functional Team refers to a group of people with a common functional expertise who are working toward shared objectives (which is to produce an entire product.)
In conclusion, the team that includes about 5 to 15 members that work together to produce an entire product is called a Functional team
Read more about Functional team
<em>brainly.com/question/1490525</em>
The answer is true because both have to pay taxes.
