Suppose that the price of eggs increases from 75 cents to $1.00 per dozen and as a result a typical farmer experiences a decrease in egg sales from 100 to 200 dozen per week. using the method of average values, the absolute price elasticity of demand is. 答案:1.4
Bonds that have an option exercisable by the issuer to retire them at a stated dollar amount prior to maturity are known as: Serial bonds. Convertible bonds. Callable bonds. Sinking fund bonds.
Crude oil can be refined into home heating oil or gasoline. If very cold weather caused the price of home heating oil to increase, then the equilibrium price of gasoline would rise
Assume that we have a demand curve of the form.log(Q)=a-b×log(P)+c×log(I), where Q=quantity, P=price, I=income, and a, b, and c are positive constants. The income and price elasticities for the demand curve represented above are always constant.