subject
Business, 17.10.2019 21:20 Cheyenne8694

Using the midpoint method, the price elasticity of demand for a good is computed to be approximately 2. which of the following events is consistent with a 0.1 percent increase in the price of the good? a. the quantity of the good demanded decreases from 250 to 150.b. the quantity of the good demanded decreases from 200 to 100.c. the quantity of the good demanded decreases by 0.05 percent. d. the quantity of the good demanded decreases by 0.2 percent.

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 05:40
Grant, inc., acquired 30% of south co.’s voting stock for $200,000 on january 2, year 1, and did not elect the fair value option. the price equaled the carrying amount and the fair value of the interest purchased in south’s net assets. grant’s 30% interest in south gave grant the ability to exercise significant influence over south’s operating and financial policies. during year 1, south earned $80,000 and paid dividends of $50,000. south reported earnings of $100,000 for the 6 months ended june 30, year 2, and $200,000 for the year ended december 31, year 2. on july 1, year 2, grant sold half of its stock in south for $150,000 cash. south paid dividends of $60,000 on october 1, year 2. before income taxes, what amount should grant include in its year 1 income statement as a result of the investment?
Answers: 1
question
Business, 22.06.2019 08:50
Suppose that in an economy the structural unemployment rate is 2.2 percent, the natural unemployment rate is 5.3 percent, and the cyclical unemployment rate is 2 percent. the frictional unemployment rate is percent and the actual unemployment rate (in this economy) is percent.
Answers: 2
question
Business, 22.06.2019 11:30
On average, someone with a bachelor's degree is estimated to earn times more than someone with a high school diploma. a)1.2 b)1.4 c)1.6 d)1.8
Answers: 1
question
Business, 22.06.2019 16:00
What impact might an economic downturn have on a borrower’s fixed-rate mortgage? a. it might cause a borrower’s payments to go up. b. it might cause a borrower’s payments to go down. c. it has no impact because a fixed-rate mortgage cannot change. d. it has no impact because the economy does not affect interest rates.
Answers: 1
You know the right answer?
Using the midpoint method, the price elasticity of demand for a good is computed to be approximately...
Questions
question
Mathematics, 27.04.2021 20:10
question
Mathematics, 27.04.2021 20:10
question
Mathematics, 27.04.2021 20:10
question
Mathematics, 27.04.2021 20:10
question
Mathematics, 27.04.2021 20:10
question
Mathematics, 27.04.2021 20:10
question
Mathematics, 27.04.2021 20:10
Questions on the website: 13722360