Answer:
- what will be the new price in the United States
c $33750
Explanation:
Initial Price:
$3,000,000 PRICE
100 USD Exchange
$30,000 PRICE USD
Updated Price:
$3,000,000 PRICE
80 USD Exchange
$37,500 PRICE USD
As the pass through indicates that the exchange rate impact only a 50%, then the final price of the car it's defined as:
$7,500 Exchange Impact
0.50 Pass through
$3,750 Final Exchange Impact
Initial Price : $30,000
Final Exchange Impact: $3,750
Final Price: $30,000 + $3,750 = $33,750
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
Answer:
A)
Explanation:
Research studies indicate that U.S. producers gain more from tariffs than U.S. consumers lose. This is mostly because many intermediaries must pay various different tariffs including the consumer which all go to the producers, and therefore allowing the producers to gain more from the tariffs that the U.S. consumers will spend paying them.
I believe the answer is: D. patriotism
Patriotism is the act of showing vigorous support to our own country . The support that shown in patriotism does not revolve around financial decision, but more to how our country is perceived in its foreign nation relative to the other countries.
