Answer:
the coefficient of elasticity is 1.25. therefore demand is elastic
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
5% / 4% = 1.25
If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.
Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one
Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded
Collecting a family of measures when undertaking an improvement as single measure may not be enough to determine the impact of a change on the system.
An example of a undertaking is washing dishes. An example of a commitment is promising to babysit a friend's child. Especially the business of mortician and funeral management. Promise or Promise; Guarantee.
A written undertaking provided as a guarantee to take certain actions required by court proceedings. In criminal proceedings, bail guarantees the defendant's appearance in court. If the defendant does not appear, the bond will be forfeited.
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Answer:
<u><em>FALSE</em></u>
Explanation:
Remember, total asset turnover is calculated using a ratio that measures how the management was able to use its assets to efficiently increase sales. Usually the total asset turnover is gotten by dividing a<em> company's sales </em>by its <em>total assets.</em>
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To increase sales, management should <em>continue</em> to use its existing assets (not making purchase of any new asset), and at the same time reducing their purchases of inventory.
Answer:
Commits the fed to set a particular money supply so that it hits the announced target
Explanation:
The target rate and money supply need to be alligned for the FED to achieve its goals.
