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What is the most likely result when the price of a good with elastic demand is raised by 10 percent?
quanity sold will increase by 10 percent
When the price of a product is increased 10 percent the quantity demanded decreases 15 percent what is the demand for this product?
To determine the demand elasticity of the product, we can calculate the price elasticity of demand using the formula: elasticity = (% change in quantity demanded) / (% change in price). In this case, it would be -15% / 10% = -1.5. This indicates that the demand for the product is elastic, meaning that consumers are relatively sensitive to price changes; a 10% increase in price leads to a 15% decrease in quantity demanded.
If the money rate of interest is 10 percent and the real rate of interest is 7 percent the inflationary premium is?
The inflationary premium can be calculated by subtracting the real rate of interest from the nominal interest rate. In this case, if the money rate of interest is 10 percent and the real rate is 7 percent, the inflationary premium is 10% - 7% = 3%. Therefore, the inflationary premium is 3 percent.
China's poverty rate in 2004?
10 percent
The box needs to measure 10 cm by 5 cm by 5 cm 10 percent of the final product will be wasted in the cutting process How much cardboard do you need?
To figure out the full amount of cardboard needed you have to determine what 10 percent is of each measurement. Ten percent of ten is 1, and ten percent of five is .5. Therefore, you will need 22 cm of cardboard.
What percent of 2080 is 208?
It is 10%
How do you calculate 10 percent of 35.000?
A. Calculate 10 percent of 35 or 35.00010% of 35.000= 10% * 35.000= 0.10 * 35.000= 3.5B. Calculate 10 percent of 35,00010% of 35,000= 10% * 35,000= 0.10 * 35,000= 3,500
How do you calculate 10 percent of 125000?
To calculate 10 percent of 125,000, you can multiply 125,000 by 0.10. This gives you 125,000 × 0.10 = 12,500. Therefore, 10 percent of 125,000 is 12,500.
How do you calculate 10 percent of 884?
To calculate 10 percent of 884, you first can convert 10% to a decimal: 10% = .10Next, you multiply the two together: 884 x .10 = 88.4
How do you calculate 10 percent of 10117?
10117÷100×10
Calculate what percent of 5 is 0.5?
10% 0.5/5 = 10/100
How do you calculate accrued interest at 10 percent per annum?
calculate 10% of number ($2950.00 x 10% = 295.00) then divide it by 12.
What is the 10 percent of 14000?
Ten percent of 14,000 is 1,400. You can calculate this by multiplying 14,000 by 0.10 (which represents 10 percent). Therefore, 10% of 14,000 equals 1,400.
How do you calculate 1 percent of ten?
1 percent of ten = 1/10 or 0.11% of 10= 1% * 10= 1%/100% * 10= 1/10 or 0.1
How do you calculate 10 percent commission of 8500?
10% of 8500 = 8500*10/100 = 850
What is 10 percent percent of 1140.88?
To calculate 10% you divide by 10. To divide by 10 merely move the decimal point one place to the left. Over to you...
How do you Calculate 10 percent of anything?
To calculate ten percent of a value, multiply the value by 0.1. For example, ten percent of 75 is equal to 75 x 0.1 = 7.5.
