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When a price of a good increased by 2 percent the quantity demanded decreased by 10 percent What is the price elasticity of demand?
Price elasticity of demand= percentage change in demand/percentage cgange in price 2 = % chnge in demand/10 % change in demand= 2*10 % change in demand= 20%
Has the price of housing increased or decreased in the last year or so?
Home prices across the country have decreased in most areas during the last two years, caused mainly by an oversupply of homes on the market, and sellers trying to make a sale.
Determinants of share price?
Determinant of share price
How can quota subscriptions paid by a country to the IMF be increased or decreased?
Quotas are reconsidered every five years and can be increased or decreased based on IMF needs and the prosperity of the member country.
Decreased government spending increased taxes increase price level?
Decreased government spending and increased taxes can lead to a reduction in overall demand within the economy. This can initially lower the price level as consumption decreases; however, if taxes rise significantly, it may also create inflationary pressures if consumers expect prices to increase. In the long run, the impact on the price level will depend on how these fiscal policies affect overall economic growth and consumer confidence. Ultimately, the relationship between these factors is complex and can vary based on the broader economic context.
Throughout the 1800s how did the price of Cotton change?
The price decreased.
If the quantity demand of pepsi has decreased the best explanation would be...?
The price of pepsi has increased
When the light bulb industry went from being a single seller market to a competitive market the price of light bulbs decreased increased?
increase
What would happen to the price level if AD decreased?
If AD increased, all else being equal, the price level would increase.
When a price of a good increased by 2 percent the quantity demanded decreased by 10 percent What is the price elasticity of demand?
Price elasticity of demand= percentage change in demand/percentage cgange in price 2 = % chnge in demand/10 % change in demand= 2*10 % change in demand= 20%
Ten thousand books were produced and sold at a certain price. The popularity of the books increased and two million more were produced. What likely happened to the price of the books?
The price decreased
Has the home equity value in Chicago increased or decreased during the past 10 years?
I would have to say increased. The median price for a single-family home has increased at an accelerating pace in the past ten years, after a period of moderate price increases in the ten.
Is accounts receivable increased or decreased by a credit?
decreased
Why has the price of technetium decreased?
Because nuclear reactor numbers have increased due to an increase in nuclear power stations. Tehrefore there is a higher supply so the price drops. == ==
In 1969 the price of 5 kilograms of flour was 0.75 cents In 1970 the price was increased 15 percent In 1971 the 1970 price was decreased by 5 percent what was the price of 5 kilograms of flour in 1971?
$.82
In 1929 was the paper size of the US dollar increased or decreased?
Decreased.
Has the number of teenage pregnancy increased or decreased in the past decade?
It has decreased.
