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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%.

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Synovec Corporation is expected to pay the following dividends over the next four years: $6.60, $17.60, $22.60, and $4.40. After
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3 0
3 years ago
What are the continuing costs of this apartment? Security Deposit $1,000 Application Fee $25 First Month’s Rent $850 Electricity
vekshin1
Answer= $1025 monthly (continuing costs)

Security Deposit $1,000
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Open-end mutual funds Group of answer choices All of these. calculate the NAV based on the total value of assets held divided by
lesya [120]

Answer:

calculate the NAV based on the total value of assets held divided by the number of fund shares outstanding and may experience fluctuations in the number of shares outstanding on a daily basis

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