Answer:
a. -1.25
b. -1.25
Explanation:
Price elasticity measures how demand varies with price fluctuations.
The formula is:
= % change in Quantity / % change in Price
a. If the price moves from $1.00 to $1.50, the elasticity of demand will be:
% change in Quantity calculated using the midpoint method;
% Change in Price calculated with the midpoint formula
= -0.5/0.4
=-1.25
b. If the price decreases from $1.50 to $1.00, the elasticity of demand is:
% change in Quantity calculated using the midpoint formula;
% Change in Price calculated using the midpoint formula
= 0.5/-0.4
= -1.25
Carter and the other shareholders will lose their investment and shares if Extreme Trax goes bankrupt.
Clarification:
In the event of a company's bankruptcy, creditors are paid first. Stockholders possess shares in the company, thus they assume the highest risk. If there's no remaining funds after creditor payments, stockholders will forfeit their investments.
Explanation:
The Clean Air Act was introduced in 1963 with the aim of safeguarding both the environment and public health in the United States.
Benefits to the environment:
- Minimizes air pollution by imposing standards on industries to regulate the emission of harmful wastes.
- Encourages individuals to be more active due to the availability of clean air
- Safeguards the ozone layer
Drawbacks for the industry:
- Represents a significant obstacle for industries
- Some products cannot be manufactured due to emissions exceeding the limits set by the Clean Air Act.
While the Clean Air Act is crucial for environmental protection, there are many skilled individuals in the industry who can wisely manage pollution and still find success amidst these challenges.
The response is 'not necessarily.' Jerry might have the financial means to purchase a new car; however, we cannot ascertain if he possesses the desire to make that purchase. Willingness is essential in this context. Numerous individuals can afford items due to their financial resources, yet a lack of motivation to make a purchase can impact the situation. If he does not have the desire, he will be unable to buy the new car. The key question is, does he want to buy the vehicle?
