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3 years ago

Price elasticity of demand

Business

1 answer:

jeyben [28]3 years ago

5 0

$\bf \huge \pink A \purple N \blue S \red W \green E \pink R \\ \\ \\ \\ \\ \\$ ( ♡Brainlist plz ♡ )

A good's 'price elasticity of demand is a measure of how sensitive the quantity demanded is to its price. When the price rises, quantity demanded falls for almost any good, but it falls more for some than for others

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Explanation:

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3 years ago

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2 years ago

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3 years ago

Read 2 more answers

You are depositing $4,500 today at an annual interest rate of 7.2 percent. How much additional interest will you earn if you lea

Liono4ka [1.6K]

Answer:

$30,185.144

Explanation:

Deposit = $4,500

Annual Interest rate = 7.2%

Amount after 45 year = Deposit x ( 1 + interest rate )^45

Amount after 45 year = $4,500 x ( 1+ 7.2% )^45

Amount after 45 year = $4,500 x ( 1+ 0.072 )^45

Amount after 45 year = $4,500 x ( 1.072 )^45

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Amount after 40 year = Deposit x ( 1 + interest rate )^40

Amount after 40 year = $4,500 x ( 1+ 7.2% )^40

Amount after 40 year = $4,500 x ( 1+ 0.072 )^40

Amount after 40 year = $4,500 x ( 1.072 )^40

Amount after 40 year = $72,611 .252

Additional Interest = Amount after 45 year - Amount after 40 year

Additional Interest = $102,796.388 - 72,611.252

Additional Interest = $30,185.136

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3 years ago

Price elasticity of demand​

Price elasticity of demand