Answer:
Price elasticity of demand is -1
Explanation:
Price elasticity of demand is defined as the degree of responsiveness of quantity demanded to changes in the price of a product. It is calculated by finding ratio of percentage change in demand to percentage change in price.
Percentage change in demand= (80-100)/100= -20/100
Percentage change in demand= -0.2
Percentage change in price= (12-10)/10
Percentage change in price= 2/10= 0.2
Elasticity= Percetage change in quantity demanded/ percentage change in price
Elasticity= -0.2/0.2= -1
Answer:
Option A: Must be calculated on earned income as well as adjusted gross income in some cases
Explanation:
Earned Income Credit also abbreviated to EIC is known to be a refundable tax credit. It is usually for qualified (low-income) taxpayers who have earned income such as wages.
Earned income are simply wages, self-employment income, and eligible disability pay.
The reason/purpose of the Earned Income Credit is to limit or reduce the tax burden on working families with lower earned income.
It would be $125,000 + $10,000=$135,000 the insurance company would need to pay
Answer:
Conservative
Explanation:
Do you have anymore of these on this subject?
Answer:
They will go broke
Explanation:
because if they spend over budget thats not enough money so they will be broke