Answer:
elasticity of demand is 2.16. Consumers pay a smaller portion of the tax
Explanation:
Elasticity of demand measures the responsiveness of quantity demanded to changes in price.
Elasticity of demand = percentage change in quantity demanded / percentage change in price
(2/19)(2/41) = 2.16
When the coefficient of elasticity is greater than 1, demand is elastic.
Elastic demand means that a small change in price leads to a greater change in quantity demanded.
Because demand is elastic, more of the burden of the tax falls on producers and consumers pay a small portion of the tax.
I hope my answer helps you
Answer:
The answer is B :Consumer products
Explanation:
Consumer products are products that are produced for the direct consumption of consumers. These kind of products or goods are ultimately consumed by the consumer and are not used for production of further goods like producer goods.
<em>Therefore, going by the what these goods entails in the question (convenience product, shopping product, specialty product etc.) it is clear that the answer to the question is </em><em>Consumer products </em>
You are using money primarily as a : Store of value
Money as a store of value is something that maintains its worth both in the present and in the future, with money being one such commodity in modern.
When money is a store of value, it means that it is capable of being held such that it can increase our wealth and net worth. This is why it can be saved and used as a means of capital.
Other characteristics of money includes :
- Medium of exchange
- Unit of account
- Standard of value
Hence, you are using money primarily as a store of value if you place a part of your summer earnings in a savings account.
Learn more about functions of money here : brainly.com/question/25959268
<span>b. The second is lowest; the third is highest.
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Answer: Investors expected the earnings increase to be smaller than what was actually announced.
Explanation:
Abnormal return on an asset such as stock refers to the difference between actual returns and expected returns. As such, if it is positive, that would mean that the actual returns are/ will be higher than the expected/anticipated returns.
TYR had an abnormal return of 3.7% which would mean that the the 35% lower fourth-quarter earnings was higher than investors expected from TYR.
