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Degger [83]
2 years ago
13

Suppose there is a major technological issue in the production of a good that causes production costs and prices to rise. If dem

and for the product is relatively inelastic, what will happen in the market
Business
1 answer:
ozzi2 years ago
3 0

If the market for a good that sees its production costs and prices rise is inelastic, the quantity demanded will not change.

<h3>What is inelastic demand?</h3>

A good that has inelastic demand is one that will not see its demand change much when there is a price change.

This means that demand remains more or less the same even if prices rise. Examples of such goods are water and food. The product above will therefore not see its demand change by much.

Find out more on inelastic demand at brainly.com/question/24384825.

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Zarrin [17]

Answer:

$1,247.12

Explanation:

For computing the asked price we need to apply the present value formula i.e to be shown in the attachment below

Given that,  

Future value = $1,000

Rate of interest = 4.151% ÷ 2 = 2.076%

NPER = 17 years  × 2 = 34 years

The 20 years come from May 2019 to May 2036

PMT = $1,000 × 6.193% ÷ 2 = $30.965

The formula is shown below:

= -PV(Rate;NPER;PMT;FV;type)

So, after applying the above formula, the present value or the ask price is $1,247.12

8 0
3 years ago
Clients are increasingly asking advertisers for ______, agreements on campaign-specific outcomes and consensus on how the effect
Minchanka [31]

Answer:

accountability metrics

Explanation:

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6 0
3 years ago
A 10-year maturity zero-coupon bond selling at a yield to maturity of 7.25% (effective annual yield) has convexity of 157.5 and
TiliK225 [7]

Answer:

For Zero coupon: 545.52

Explanation:

Check attachment

7 0
3 years ago
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Luda [366]

True, because producer decisions are motivated by the attempt to earn profits.18. Consider the following statement: “Competition is the disciplinarian of the market economy.”This statement istrue, because when producers face competition they are driven to provide goods and services at the lowest possible cost.19. Some large hardware stores such as Home Depot boast of carrying as many as 20,000 different products in each store. This volume of goods is the result ofthe choice of consumers regarding what to purchase to satisfy their wants and the choice of producers regarding what to produce to maximize profits.

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3 years ago
Flyaway Travel Company reported net income for 2021 in the amount of $110,000. During 2021, Flyaway declared and paid $4,125 in
Lena [83]

Answer:

See below

Explanation:

7 0
3 years ago
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