1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Dahasolnce [82]
3 years ago
15

Richard Voith estimated the price elasticity of demand for round-trip rail fare to be 0.62. If fares rose by 30 percent, one wou

ld expect the quantity of round-trip tickets purchased to:
Business
1 answer:
ElenaW [278]3 years ago
7 0

Answer:

Fall by 18.6%.

Explanation:

Calculation for quantity of round-trip tickets purchased

Using this formula

Quantity of round-trip tickets purchased=Round-trip rail fare*Fares percentage

Let plug in the formula

Quantity of round-trip tickets purchased=30%*0.62

Quantity of round-trip tickets purchased=0.186*100

Quantity of round-trip tickets purchased=18.6%

Therefore one would expect the quantity of round-trip tickets purchased to:Fall by 18.6%.

You might be interested in
Honestly guys, there is a lot of plagiarizing going on now. Taking someone else’s words off the internet and making it into your
ryzh [129]

plagiarism is wrong to do you could go to prison for this


8 0
3 years ago
Producers of Ocean Spray cranberry products decided to make Craisins (and dried cranberry snack food) available in convenience s
mylen [45]
I don’t know what your saying I’m confused I’m sorry
3 0
3 years ago
Magellan is adding a project to the company portfolio and has the following​ information: the expected market return is 11.6​%,
fredd [130]

Answer:

The beta of the new project is 1.475

Explanation:

The beta is the measure of systematic or market risk associated to a stock. The beta is used in the calculation of the required/expected rate of return under the CAPM model. The CAPM model uses the following formula to calculate the required/expected rate of return,

r = rRF + Beta * (rM - rRF)

Plugging in the available variables, we can calculate the value of the beta.

0.154 = 0.036 + Beta * (0.116 - 0.036)

0.154 - 0.036  =  Beta * 0.08

0.118 / 0.08 = Beta

Beta = 1.475

6 0
3 years ago
Which answer option is not a job function associated with a corporate finance department?
Leto [7]
4. As it is not the finance departments job to keep up with reputation and how they look.
5 0
3 years ago
suppose that aggregate demand is falling for several months in a row. describe how the economy will adjust in the long run.
Salsk061 [2.6K]

If aggregate demand in the long run is falling for several months in a row, it will make aggregate market results in an increase in the price level but no change in real production. The level of real production resulting from the aggregate demand shock is full-employment real production.

Aggregate demand can be described as a measurement of the total amount of demand for all finished services and goods produced in an economy. Aggregate demand is expressed as the total amount of money exchanged for those services and goods at a specific point in time and price level.

The model of aggregate demand and long-run aggregate supply predicts that the economy will eventually move toward its potential output. To see how nominal wage and price stickiness can cause real GDP to be either above or below potential in the short run, consider the response of the economy to a change in aggregate demand.

Learn more about aggregate demand in the link brainly.com/question/14375684

#SPJ4

4 0
1 year ago
Other questions:
  • One way to make it easier to track your progress toward success is
    15·2 answers
  • True or false: if you buy enough different stocks, you can diversify out all risk in the stock market.
    12·1 answer
  • Which leader behavior is most appropriate for a group of employees who are working together for the first time and are eager to
    11·1 answer
  • Quantitative research is most likely to be used when_________.A. the objective is to identify new ideas and thoughts for a produ
    13·1 answer
  • A marginal benefit curve has a negative or a positive slope?
    8·1 answer
  • Which of the following is true with regard to a market segment? A market segment consists of consumers who respond in a similar
    8·1 answer
  • Lazario Motor Car Company produces some of the most luxurious and expensive cars in the world. The company typically authorizes
    6·1 answer
  • The estimated factory overhead cost for a Co. is $1750000 for the year. Direct labor hours are estimated to be 500000. Determine
    10·1 answer
  • A U.S. investor has borrowed pounds, converted them to dollars, and invested the dollars in the United States to take advantage
    10·1 answer
  • Daniel was surprised his store ran out of marshmallows so quickly. This typically does not happen during the spring, so he runs
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!