Answer:
you hold it at both the base and handle
Answer:
Price elasticity of demand = Percentage in quantity demanded / Percentage change in price
We already have the percentage change in quantity demanded as -4.3%.
We need to find the percentage change in price using the midpoint method.
= (New price - Old price) ÷ ((New Price + Old price) / 2)
Old price = 1.50 - 0.25 = $1.25
Percentage change in price = (1.50 - 1.25) ÷ ((1.50 + 1.25) / 2)
= 18.18%
Price elasticity of demand = -4.3% / 18.18%
= -0.24
According to your estimate, the Transit Authority's revenue rises when the fare increases.<u> TRUE. </u>
The statement is true because the price elasticity of demand here is Inelastic and when this is the case, revenue rises when the price of the good or service increases.
The price elasticity of demand is inelastic when it is less than 1 which is the case here.
Answer:
$1,250
Explanation:
The tax in reference is capital gain tax.
The gain from this transaction is the selling price - the purchase price.
= $10,000 -$5000
=$5000
The gain is $5000
The tax on this gain will be 25% of $5000
=25/100 x $5000
=0.25 x $5000
=$1,250
Answer:
Virtually all of the 7 million millionaires in the United States learned how to make smart decisions by doing their homework.
Answer: Option 7.
Explanation:
