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A. If demand is inelastic an increase in price will increase total revenue and a decrease in price will also increase total revenue.
B. If demand is inelastic an increase in price will decrease total revenue and a decrease in price will also decrease total revenue.
C. If demand is inelastic an increase in the price will increase total revenue while a decrease in price will decrease total revenue.
D. If demand is inelastic an increase in price will increase total revenue while a decrease in price will decrease total revenue.
If a lower price of crude oil leads to lower oil revenue for oil-producing countries, this suggests that the world demand for oil is _____
- A. perfectly elastic.
- B. elastic.
- C. inelastic.
- D. unitary elastic.
A. If demand is inelastic an increase in price will increase total revenue and a decrease in price will also increase total revenue.
B. If demand is inelastic an increase in price will decrease total revenue and a decrease in price will also decrease total revenue.
C. If demand is inelastic an increase in the price will increase total revenue while a decrease in price will decrease total revenue.
D. If demand is inelastic an increase in price will increase total revenue while a decrease in price will decrease total revenue.
Using the midpoint method, calculate the price elasticity for business travellers and holiday travellers if the price increases from R1 700 to R3 000. The price elasticity for
- A. business travellers are inelastic while for holiday travellers it is elastic.
- B. business traveller and holiday travellers are both inelastic.
- C. business travellers and holiday travellers are both elastic.
- D. business travellers are elastic while for holiday travellers it is inelastic.
elaborate on any five factors which influence profit
Identify and discuss how international trading policies have changed in light of the deepening of the neo-liberal project of globalization, and the impact of these changes on a small, open economy of your choice.
Major
cities
Weekly
Demand
Price
in Birr
Competitors
price in Birr
advert
cost
Household
income
(annual)
1 1290 137 94 814 53123
2 1177 147 81 896 51749
3 1155 149 89 852 49881
4 1299 117 92 854 43589
5 1166 135 86 810 42799
6 1186 143 79 768 55565
7 1293 113 91 978 37959
8 1322 111 82 821 47196
9 1338 109 81 843 50163
10 1160 129 82 849 39080
11 1293 124 91 797 43263
12 1413 117 76 988 51291
13 1299 106 90 914 38343
14 1238 135 88 913 39473
15 1467 117 99 867 51501
16 1089 147 76 785 37809
17 1203 124 83 817 41471
18 1474 103 98 846 46663
19 1235 140 78 768 55839
20 1367 115 83 856 47438
21 1310 119 76 771 54348
22 1331 138 100 947 45066
23 1293 122 90 831 44166
24 1437 105 86 905 55380
25 1165 145 96 996 38656
26 1328 138 97 929 46084
27 1515 116 97 1000 52249
28 1223 148 84 951 50855
29 1293 134 88 848 54546
30 1215 127 87 891 38085
when individuals believe they have sufficient income and assets to cover their expenses while maintaining a reserve for uncertainities, they are most likely in what phase of the investment life cycle
On June 1, 2020 David started a business-Web Design Inc. He invested his personal savings of E10,000 into the business. This becomes the capital for the business. The first expenditure. happens on June 5 when David buys a new laptop for his work. The laptop cost him E800. A first break comes when David sign a contract to develop the website of a restaurant at the cost of E3,000. He received an advance payment of E1,000 for the project. David will develop this website and on successful completion, he will receive the balance payment. On June 30, rent was due, E500. On July 5, rent is paid, E500, David completed the project on July 10, and send the invoice for the balance, E3,000. He received the payment of E2,000 from the client on July 20, 2020. Identity and journalise
Consumption $350 billion. Transfer payments $100 billion. Investment $100 billion. Government purchases $200 billion. Exports $50 billion. Imports $150 billion. Bond purchases $200 billion. Earnings on foreign investments $75 billion. Foreign earnings on US investment $25 billion.
Compute net foreign investment. Compute net exports. Compute GDP. Compute GNP.
In addition to responding with a quantitative answer, briefly describe how you arrive at your answers.
#339914 on Dec 2023