When the price of fresh fish increases 10%, quantity demanded decreases 5%. The price elasticity of demand for fresh fish is ___
1 answer:
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Answer:
$250,000
Explanation:
Perpetuity is a type of payment that has no end. It starts on a particular date and continues endlessly.
Given:
Amount paid per year = $10,000
Annual Growth Rate = 5%
Interest Rate = 9%
Clarissa need $250,000