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SashulF [63]
2 years ago
5

The demand for a product is unit elastic. At a price of $20, 10 units of a product are sold. If the price is increased to $40, t

hen one would expect sales to equal:
Business
1 answer:
Gekata [30.6K]2 years ago
5 0

It should be noted that when demand for a product is unit elastic and one would expect sales to equal: 5 units.

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

An elastic demand can be regarded as the demand whereby change in quantity demanded due to a change in price is large.

An inelastic demand entails change in quantity demanded due to a change in price is small.

Learn more about elastic demand at;

brainly.com/question/24384825

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marissa [1.9K]

To get the formula for the principal, we will use the formula for the interest and derived it from there:

I = Prt is the equation then it will be P = I /rt since we are looking for the principal.

 

P = I /rt

 

= $500 / (0.145 x 240/360)

 

= $500 / 0.0967

 

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To check:

I = Prt

 

= $5170.3 x 0.145 x 240/360

 

= $499.8 or $500

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Answer:

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Flagon Transcontinental Corp.'s board of directors declared that whoever is listed as the owner of the stock on this date will receive the dividend for this year - Holder-of-Record date.

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Answer:

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Explanation:

We use the dividend discount method to estimate the current price. We use the growth rate and required return to figure out the current price by using the DDM formula.

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