Answer:
The percent change in quantity is -0.14%.
Step-by-step explanation:
The formula to compute the change in quantity is:
The income elasticity of demand is 2.80.
Percent change in price is -5% (since the prices decreases)
Compute the percent change in quantity demanded as follows:
Thus, the percent change in quantity is -0.14%.
The price of the stock at the end of 6 weeks was 175$
Answer:
Step-by-step explanation:
Examples. A friend asks to borrow $300 and agrees to repay it in 30 days with 3% interest. How much interest will you earn? Simple interest is calculated on the principal, or original, amount of a loan. Compound interest is calculated on the principal amount and also on the accumulated interest of previous periods, and can thus be regarded as "interest on interest."
Answer: 101.956
Step-by-step explanation:7.18•14.2= 101.956
