The reason that the elasticity of demand is 0.62 for business and 0.12 for economy is because the economy class is more elastic than that of the business.
When the flight ticket of those flying business class is raised, they would not be affected much because they are rich and can afford it. They do not care much about the raise in price.
For the average flyer using the economy flight, raising the price of the ticket would affect him and he may end up reducing his demand for it.
Read more on brainly.com/question/10423637?referrer=searchResults
Dividend means that a company is how much a company pays of its profits to shareholders or investors.
Answer:
the money left in your account is $ 460 because you deducted $ 50
Explanation:
Answer:
Bonds affect the U.S. economy by determining interest rates, which affect the amount of liquidity and determines how easy or difficult it is to buy things on credit or take out loans for cars, houses, or education
<h2>
Please mark me as brainliest</h2>
Answer:
Present Value = $9,417.69 (Approx)
Explanation:
Given:
Annual payment = $1,400
Total payments = 25
Rate = 8% = 0.08
Computation:
First payment [7 years from now
]
So,
Present Value = $1,400(1/1.08⁶)[1 - (1/1.08)²⁵] / 0.08
Present Value = $1,400[6.72692]
Present Value = $9,417.69 (Approx)
