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andreev551 [17]
3 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]3 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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Answer:

Dana

Explanation:

According to my research on different bank responsibilities, I can say that based on the information provided within the question the bank is completely liable to Dana. This is because the bank has a responsibility to Dana since she is the one who signed to open the account, which in term is her. They must now let her know why they dishonored the check and provide a solution.

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3 years ago
Suppose you face a choice between a certain income of $2,000, or a 50-50 chance of income of $1,000 or $3,000. Suppose you prefe
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Why it is difficult to know what is “business casual”.?
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Quantity (Units) Private Value (Dollars) Private Cost (Dollars) External Cost (Dollars)
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Answer:

c. there is a negative externality.

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At the time when one individual actions develops the benefits for others but at the same time they dont pay so it is to be known as positive externality

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The reason that interest rate risk is greater for ____ term bonds than for ____ term bonds is that the change in rates has a gre
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<h3>What is a Long-term Bond?</h3>

Long-term bonds are investments that span a maturity term of at least 10 years and up to 30 years.

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