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Sunny_sXe [5.5K]
3 years ago
5

when the price of good is RS4 the demand for the good is 25 units if the price increses to RS5 the demand falls to 15 units clac

ulate the price elasticity
Business
1 answer:
tresset_1 [31]3 years ago
6 0
Price Elasticity = % Change in quantity demanded / % Change in Price

Original demand - New demand =
25 - 15 = 10

10/ 25 = 0.4%

Original price - New price =
4 - 5 = -1

-1/4 = -0.25%

0.4%/-0.25%
= -1.6

Price Elasticity = -1.6 %
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Explanation:

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Review the transactions listed below for thyme advertising company, and classify each transaction as either an operating activit
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Answers:


1.       Financing Activity


2.       Operating Activity


3.       Operating Activity


4.       Non Cash Activity


5.       Financing Activity


6.       Non Cash Activity


7.       Operating Activity


8.       Investing Activity


9.       Non Cash Activity


What to remember:


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Answer:

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Cost of goods sold         8,500,000

Gross profit                  $4,250,000

Operating expenses      6,000,000

Loss from operations ($1,750,000)

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