2. Significant fluctuations in the market would actually be corrected
Price elasticity of demand describes how the quantity demanded changes with a change in price. It describes how responsive demand is to price.
The formula for elasticity is:
e = %change in Quantity ÷ % change in price
Keep in mind that this number will almost certainly be negative, since an increase in price should decrease demand.
The problem tells us that price has doubled. This represents a 100% increase in price: Michelle still spent $30 dollars, although this $30 bought her half as much caviar since the price is twice what it was. This means her quantity demanded, or purchased, fell by 50%.
e= -50% ÷ 100%
e = -0.5
This tells us, more generally, that a x% increase in the price reduces demand by x/2%.
Answer:
[C] decides to borrow funds with a promissory note in writing from an individual client.
Explanation:
NASSA Model Rule on Unethical Business Practices of Investment Advisers and Federal Covered Advisers stimulates that an investment adviser could borrow money from either the shareholder or institutional lending facility. However, an investment adviser can not borrow money from an individual client. Therefore, the correct is the option [C].
Answer: $400,000
Explanation:
Days Sales Outstanding is used by a firm to estimate the amount of its accounts receivable.
DSO (Days Sales Outstanding) = Accounts Receivables/Average Sales per day
Where DSO= 20 days
Average sales per day= $20,000
Accounts receivable (AR) =?
20=AR/20000
Cross multiply to make AR the subject of the formula
Accounts Receivables = 20 x 20000
AR=$400,000.
<span>Falling for anything which makes companies and other people think you're too stupid or too young to know better.
Trust should be given to the people who already proof and earn their worth to you. Putting to low of a threshold to trust others will make it easier for you do be deceived and would bring a lot of negative outcome for your organization.</span>
