As a result of the demand increasing only slightly compared to the reduction in price, the demand must be <u>inelastic</u>.
<h3>Why is the demand inelastic?</h3><h3 />
The demand is considered to be inelastic if the price elasticity is less than 1.
The price elasticity is:
= (%Change in quantity/% Change in price)
Solving gives:
= 15 / 200 ÷ 0.50 / 3.50
= -0.525
In conclusion, the demand for the shakes is inelastic.
Find out more on inelastic demand at brainly.com/question/1899986.
Answer:
Bank Reconciliation Statement as at October 2:
Balance as per checkbook $601
Add: Electronic transfer $2,400
Interest $4
Less: Bank charge ($5)
Balance as per bank statement $3,000
Explanation:
A bank reconciliation statement is a statement prepared periodically to reconcile the balance in the cash book with the balance shown on a bank statement.
The process starts with identifying transactions that do not (do) appear in the cash book and those that do not (do) appear in the bank statement, which did not appear in the other. Errors are also identified and corrected during the process. After this, the reconciliation statement is prepared to agree the two sources of balances.
Answer:
Conflicting personalities
The meaning of making "difficult choices" when creating a federal budget is: D. deciding what will be funded and what will be cut.
<h3>What is a federal budget?</h3>
A federal budget refers to a financial plan that is typically used by the government for the estimation of the revenue (taxation) and expenditures (spending) of a country over a specified period of time, which is often one year.
This ultimately implies that, making "difficult choices" when creating a federal budget simply means to decide what will be funded by the government and what will be cut from the budget.
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Answer:
$66,909
Explanation:
Calculation for How much must each deposit be (rounded to the nearest $10)?
First step is to calculate the PV using financial y
N= 25
PMT= 200,000
FV= 0
i/y= 9
PV= ?
Hence,
PV= 2,141,322
Now let How much must each deposit be by finding the PMT using financial calculator
N= 15
FV= 2,141,322
PV=0
i/y= 9
PMT= ?
Hence,
PMT=$66,909
Therefore How much must each deposit be is $66,909
