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andreev551 [17]
2 years ago
7

The elasticity coefficient is determined by looking at the percentage change in quantity divided by the percentage change in pri

ce. With that in mind, if the price of gasoline changes by 20% and there is a corresponding 10% change in quantity demanded, what is the elasticity coefficient
Business
1 answer:
krok68 [10]2 years ago
5 0

Answer:

Elasticity coefficient = 0.5

Explanation:

Elasticity coefficient = percentage change in quantity demanded / percentage change in price

percentage change in price if gasoline = 20%

percentage change in quantity demanded = 10%

Elasticity coefficient = percentage change in quantity demanded / percentage change in price

= 10% / 20%

= 1/2

= 0.5

Elasticity coefficient = 0.5

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In monopolistic competition, what effect do price variations generally have on the market as a whole
irinina [24]

In monopolistic competition, what effect do price variations generally have on the market as a whole?

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The motives of those involved in unethical behavior that caused the financial crisis in the real estate, banking, and mortgage i
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7 0
1 year ago
Bond J has a coupon rate of 3 percent. Bond K has a coupon rate of 9 percent. Both bonds have 14 years to maturity, make semiann
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If interest rates suddenly rise by 2 percent, the percentage price change of bond J is -18.80% while the percentage price change of bond K is -15.46%

The calculation is provided below

8 0
3 years ago
Tina's Track Supply's market-to-book ratio is currently 4.5 times and PE ratio is 10.5 times. If Tina's Track Supply's common st
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Answer:

$22.2222, $9.5238, respectively

Explanation:

The market-to-book ratio is given by a share's market value divided by its book value, if shares are selling for $100 on the market, the book value is:

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3 years ago
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