The price/earnings ratio: A. is a measure of the relative expensiveness of a firm's common stock. B. does not usually change by more than 1.0 (e.g. 8.2 to 9.2) during the year. C. can be used to determine the cash dividend to be received during the year. D. is calculated by dividing the earnings multiple by net income.
Answers
The price/earnings (P/E) ratio is a measure of the relative expensiveness of a firm's common stock. It reflects the amount investors are willing to pay for each dollar of earnings the company generates.
A high P/E ratio typically suggests that investors have high expectations for the company's future growth potential. On the other hand, a low P/E ratio may indicate that the company is undervalued and could potentially be a good investment opportunity.
The P/E ratio can fluctuate throughout the year based on changes in the company's stock price and earnings. It is not uncommon for the P/E ratio to change by more than 1.0 during the year. However, significant changes in the P/E ratio may indicate changes in market sentiment or the company's financial performance.
The P/E ratio is not used to determine the cash dividend to be received during the year. Instead, dividends are typically declared by the company's board of directors based on a variety of factors such as earnings, cash flow, and financial needs.
The P/E ratio is calculated by dividing the market price per share by the earnings per share. It is a widely used financial metric in equity analysis and can be helpful in making investment decisions.
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Related Questions
The shift from D to D1 is called
Answers
From the graph shown, the shift from D to D1 is called a decrease in demand. Option A
What is a shift in demand graph?The shift from D to D1 in a demand graph is called a shift in the demand curve.
This means that there has been a change in the quantity demanded at every price point.
The shift can occur for several reasons, such as a change in consumer preferences, changes in income or wealth, changes in the availability of substitute or complementary goods, changes in the number of consumers, or changes in expectations about the future.
If the shift is to the right, it indicates an increase in demand, while a shift to the left indicates a decrease in demand.
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Banks play an important role in the United States economy by:
a
insuring depositors against the loss of personal property
b
preventing inflation
c
making loans to businesses
d
advising people when to retire
Answers
Banks play an important role in the United States economy by making loans to businesses. Hence, the correct option is c.
What are the roles of banks?A bank is a financial institution that accepts deposit from it customers and pay interest. Banks mainly take care of financial affairs and they are highly important to the economy. Various activities carried out by banks include personal banking, insurance, foreign exchange trading, corporate banking, etc.
The primary role of the banking system is to accept deposits from the general public so that the money can be given as a loan to the public in an effective way to foster the economy. It is the safest platform where people keep their money to get a bonus while people borrow money to continue operating.
Other role of banks are:
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What should a food worker do to prevent chemical hazards from contaminating food?
O a. Wear gloves when working with ready-to-eat foods
O b. Remove pits from cherries and immediately discard them
O c. Store cleaning solutions in a utility closet away from food
O d. Clean and sanitize cutting boards after cutting raw chicken
Answers
Answer:
c. Store cleaning solutions in a utility closet away from food
Explanation:
The best way to prevent food from getting contaminated by chemicals is to separate the two as much as possible. Deliberate actions should be taken to ensure that items containing chemicals such as cleaning materials and sanitizers are not in close contact with food.
During cleaning, food items should be kept at a safe distance. Surfaces should be left to dry before food preparation begins. Cleaning materials should have a lockable place away from the kitchen.
Intermediaries through which the flow of products travels are called A. logistics chains.
B. core carriers.
C. supply chains.
D. logistic channels.
E. distribution channels.
Answers
The correct term for intermediaries through which the flow of products travels is E. distribution channels. Distribution channels refer to the network of intermediaries such as wholesalers, retailers, and agents, who help move the product from the manufacturer to the end consumer.
These intermediaries add value by providing storage, transportation, and promotion services to the products.
The distribution channels play a vital role in making sure the right product reaches the right customer at the right time. Choosing the right distribution channel is essential to ensure the success of the product. It involves analyzing various factors such as customer needs, market trends, and competition.
The distribution channel also helps to reduce the cost of production, improve the speed of delivery, and increase the product's visibility in the market. By partnering with the right intermediaries, businesses can access new markets and reach a broader customer base.
In conclusion, distribution channels are an essential part of the supply chain that helps to bridge the gap between the manufacturer and the end consumer. Choosing the right distribution channel is critical to the success of the product, and it involves analyzing various factors such as customer needs, market trends, and competition.
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name four commercial services which are useful to a manufacturer
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$19,297 is invested, part at 13% and the rest at 8%. If the interest earned from the amount invested at 13% exceeds the interest earned from the amount invested at 8% by $777.58, how much is invested at each rate? (Round to two decimal places if necessary.)
Amount invested at 13%?
Amount invested at 8%?
Answers
Amount invested at 13%: $9,120.29
Amount invested at 8%: $10,176.71
Let's assume the amount invested at 13% is x dollars. The amount invested at 8% would then be (19,297 - x) dollars.
The interest earned from the amount invested at 13% is given by: 0.13x
The interest earned from the amount invested at 8% is given by: 0.08(19,297 - x)
According to the given information, the interest earned from the amount invested at 13% exceeds the interest earned from the amount invested at 8% by $777.58. Therefore, we can set up the following equation:
0.13x - 0.08(19,297 - x) = 777.58
Simplifying the equation:
0.13x - 0.08 * 19,297 + 0.08x = 777.58
0.21x - 1,543.76 = 777.58
0.21x = 2,321.34
x = 2,321.34 / 0.21
x ≈ $11,005.90
So, the amount invested at 13% is approximately $11,005.90. To find the amount invested at 8%, we subtract this value from the total amount invested:
Amount invested at 8% = 19,297 - 11,005.90 ≈ $8,291.10
The amount invested at 13% is approximately $11,005.90, and the amount invested at 8% is approximately $8,291.10.
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Which of the following is not a fixed cost? *
O monthly gym membership
car payment
O rent
O vacation/recreation/fun expenses
Answers
Congratulation! You just won $10 million in the lottery. But instead of squandering your newfound wealth on luxury goods and a life of ease, you've decided to stay in town and be a financial friend to your neighbors, who are hardworking but never seem to have enough money to fix up their homes or buy decent cars. The best way, you decide, is to start a bank that will make home and car loans at attractive rates. On the day that you open your doors, the reserve requirement set by the Federal Reserve System is 10 percent. What's the maximum amount of money you can lend to residents of the town? What if the Fed raises the reserve requirement to 12 percent? Then how much could you lend? In changing the reserve requirement from 10 percent to 12 percent, what's the Fed trying to do -- curb inflation or lessen the likelihood of recession? Explain how the Fed's action will contribute to this goal.
Answers
Answer:
Distinguish among different types of financial institutions.
Explanation:
The terms price and quantity are used when computing direct _____- variance, while the terms rate and hours are used when computing direct ______- variances.
Answers
The terms price and quantity are used when computing direct materials variance, while the terms rate and hours are used when computing direct labor variances.
In cost accounting, variances are calculated to analyze the differences between the actual costs incurred and the expected or standard costs. For direct materials, the price variance and quantity variance are calculated to assess the differences in the actual price paid for materials and the quantity used compared to the standard price and quantity.
The price variance is determined by multiplying the difference between the actual price and the standard price by the actual quantity used. It measures the impact of price fluctuations on the overall cost of materials.
The quantity variance, on the other hand, is calculated by multiplying the difference between the actual quantity used and the standard quantity by the standard price. It reflects the impact of variations in the amount of materials used.
Similarly, for direct labor, the rate variance and hours variance are computed. The rate variance assesses the impact of differences in the actual labor rate and the standard rate on labor costs. The hours variance measures the impact of variations in the actual hours worked and the standard hours allowed.
When computing direct materials variances, the terms price and quantity are used, while the terms rate and hours are used when calculating direct labor variances. These variances help in analyzing and understanding the factors contributing to deviations from the standard costs and aid in cost control and performance evaluation.
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To move toward a personal vision, what smaller steps should you take?
A. Set smaller, more specific goals.
B. Participate in many internships.
C. Change your lifestyle.
D. Switch your personal vision frequently.
Answers
Answer:
D
Explanation:
Mary Parker Follett felt that managers should act as ______ rather than dictators.
Answers
Facilitators
Best of luck in your studies! ☺️
Identify whether the income below would be considered earned income, passive income, or portfolio income. Mychal’s parents bought a house, fixed it up, and sold it at a higher price.
Answers
Answer: Portfolio income is money received from investments, dividends, interest, and capital gains. It is one of three categories of income.
Explanation:
A stock has returns of -9 percent, 17 percent, 9 percent, 14 percent, and -4 percent. What are the arithmetic and geometric returns? (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.)
Answers
The arithmetic return of the stock is 5.40%, calculated by averaging the individual returns. The geometric return is 5.03%, obtained by multiplying the growth rates and taking the nth root, then subtracting 1.
To calculate the arithmetic and geometric returns, we need to use the following formulas:
Arithmetic return = (Return1 + Return2 + ... + ReturnN) / N
Geometric return = ((1 + Return1) * (1 + Return2) * ... * (1 + ReturnN))^(1/N) - 1
Given the returns of -9%, 17%, 9%, 14%, and -4%, we can calculate:
Arithmetic return = (-9% + 17% + 9% + 14% - 4%) / 5 = 5.40%
Geometric return = ((1 - 0.09) * (1 + 0.17) * (1 + 0.09) * (1 + 0.14) * (1 - 0.04))^(1/5) - 1 = 5.03%
Therefore, the arithmetic return is 5.40% and the geometric return is 5.03%.
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__________ firms adopt an early-follower strategy to grab a dominant position more from their strengths in marketing and manufacturing than from technological innovation.
Answers
Some firms adopt an early-follower strategy to gain dominance primarily through their strengths in marketing and manufacturing rather than technological innovation.
Early-follower firms prioritize leveraging their marketing and manufacturing capabilities to establish a dominant position in the market. Instead of investing heavily in groundbreaking technological innovations, they focus on quickly adopting and enhancing existing technologies. By effectively marketing and efficiently manufacturing products, these firms aim to gain market share and competitive advantage. This strategy allows them to capitalize on the innovations introduced by early movers while reducing the risks associated with pioneering new technologies. Additionally, by closely monitoring and analyzing the market, early-follower firms can identify customer preferences and tailor their marketing and manufacturing efforts accordingly. This approach enables them to offer competitive products and services, thereby positioning themselves as strong contenders in the market.
In summary, some firms opt for an early-follower strategy, relying on their marketing and manufacturing strengths rather than technological innovation, to establish a dominant market position. By efficiently leveraging existing technologies and effectively marketing their products, these firms aim to gain a competitive advantage and capture market share.
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a key factor in achieving good internal cross-unit coordination is
Answers
Effective communication is essential for developing good internal cross-unit cooperation.
For everyone to be on the same page, to have a shared understanding of goals and objectives, and to be able to work together to achieve them, there must be clear and timely communication across various divisions or departments within an organization.
The identification of possible areas of conflict or overlap, the ability to intervene early and resolve problems, and the facilitation of the exchange of information, resources, and best practices between various groups can all be facilitated by effective communication.
Additionally, by promoting teamwork, information sharing, and a feeling of shared purpose and accountability, having a culture of trust, respect, and collaboration can help encourage effective internal cross-unit coordination.
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Effective communication is essential for developing good internal cross-unit cooperation.
For everyone to be on the same page, to have a shared understanding of goals and objectives, and to be able to work together to achieve them, there must be clear and timely communication across various divisions or departments within an organization.
The identification of possible areas of conflict or overlap, the ability to intervene early and resolve problems, and the facilitation of the exchange of information, resources, and best practices between various groups can all be facilitated by effective communication.
Additionally, by promoting teamwork, information sharing, and a feeling of shared purpose and accountability, having a culture of trust, respect, and collaboration can help encourage effective internal cross-unit coordination.
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n its recent income statement Tyler Toys Inc. reported $72.5 million of net income, and in its year-end balance sheet it reported $1,174 million of retained earnings. The previous year its balance sheet showed $1,131 million of retained earnings. What were the total dividends (in millions of dollars) paid to shareholders during the most recent year
Answers
I hope this helps you :)
The tiny town of Nemo has three neighborhoods located on a straight line: Neighborhood 1, Neighborhood 2, and Neighborhood 3, with Neighborhood 2 located equidistant between Neighborhood 1 and Neighborhood 3. There is one daycare center, located on Neighborhood 1. There are 10 families residing in each neighborhood, and each family has one child. Each family is willing to pay $70/day for daycare, and prefers daycare closest to its own neighborhood (though at current distances, families will purchase daycare services even if it’s two neighborhoods away). Families are indifferent between any two daycares in the same neighborhood. Suppose that daycare costs $30/day per child to provide. A new daycare center is thinking of opening in Nemo. If both daycares will keep their price at $70/day, which neighborhood should the new daycare open in?
Answers
Answer:
Neighborhood 2
Explanation:
Based on the information given if NEIGHBORHOOD 2 is located between Neighborhood 1 and Neighborhood 3 which means that in a situation where both daycares decide to keep their price at the amount of $70/day, the neighborhood that the new day care should open in is NEIGHBORHOOD 2 reason been that with NEIGHBORHOOD 2 all the families living in both Neighborhoods 2 and Neighborhoods 3 will be attracted to Neighborhoods 2 and on the other hand won't not be attracted to Neighborhood 1, for the amount of $800/day which is calculated as:
(10 Families *2) * ($70 for day care - $30 per child)
20*40= $800/day
Therefore the neighborhood that the new daycare should open in is NEIGHBORHOOD 2
man Services Workplaces and Tasks gnment Active Describing Work Activities for Clergy ick this link to view OZNETS Work Advies section for Clergy. Note that common activities are listed toward the pand less common activities are listed toward the bottom According to ONET, what are some common work developing objectives and strategies assisting and caring for others controlling machines and processes establishing and maintaining interpersonal relationships repairing and maintaining mechanical equipment interpreting the meaning of information for others
Answers
Answer:
According to ONET, common work activities for clergy include developing objectives and strategies, assisting and caring for others, establishing and maintaining interpersonal relationships, and interpreting the meaning of information for others. Less common activities include controlling machines and processes, and repairing and maintaining mechanical equipment.
Explanation:
Based on the ONET Work Advies section for Clergy, some common work activities include:
Developing objectives and strategies: Clergy may develop goals and objectives for their congregation, as well as strategies for achieving those objectives.
Assisting and caring for others: Clergy often provide emotional and spiritual support to members of their congregation, as well as offer guidance and counseling.
Establishing and maintaining interpersonal relationships: Clergy must build strong relationships with members of their congregation, as well as other clergy members and community leaders.
Interpreting the meaning of information for others: Clergy often read and interpret religious texts, and must be able to explain the meaning of those texts to others.
Some less common activities listed on the ONET website for Clergy include:
Controlling machines and processes: This may include using technology or other tools to enhance their religious services or work.
Repairing and maintaining mechanical equipment: While not a common activity, some clergy may be responsible for maintaining and repairing equipment or facilities at their place of worship.
Overall, the primary focus of a clergy member's work is to provide spiritual guidance and support to others, and to help build a strong sense of community within their congregation.
what can occur for project activities on a critical path that include slack time? more than one answer may be selected.
Answers
b) 'They can be completed after the project end date' and d) 'They need to be completed before other activities on the critical path' can occur for project activities on a critical path that include slack time.
Activities on the critical path are the ones that directly impact the project's overall duration. Slack time refers to the amount of time an activity can be delayed without causing a delay to the project's completion date. If an activity on the critical path has slack time, it means that it has flexibility in its schedule.
Given the nature of activities on the critical path and their impact on the project timeline, the following scenarios can occur for project activities with slack time:
b) They can be completed after the project end date: Activities with slack time can be delayed without affecting the project's completion date. This flexibility allows for adjusting the schedule to account for unforeseen delays or resource constraints.
d) They need to be completed before other activities on the critical path: While activities on the critical path have slack time, they still need to be completed before subsequent activities can begin. The critical path represents the longest sequence of dependent activities that determines the project's minimum duration. Completing activities on the critical path is crucial to maintain the project's timeline.
Regarding the other options:
a) They can be allocated fewer resources: This statement is not necessarily true. Activities on the critical path usually require sufficient resources to be completed within the planned time. Reducing resources may impact their timely completion and potentially affect the project's overall schedule.
c) They can be deemed a lower quality: Slack time does not necessarily imply lower quality for activities on the critical path. Quality standards should be maintained irrespective of the availability of slack time. The focus is on meeting the project's objectives and timeline while delivering the expected level of quality.
Hence, the correct answers are b) 'They can be completed after the project end date' and d) 'They need to be completed before other activities on the critical path'.
Correct Question :
What can occur for project activities on a critical path that include slack time?
More than one answer may be selected.
a) They can be allocated fewer resources.
b) They can be completed after the project end date.
c) They can be deemed a lower quality.
d) They need to be completed before other activities on the critical path.
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Which of the following is a type of sales promotion?
Free Samples
All of these
Coupons
Customer Loyalty Programs
Answers
Free Samples, Coupons, and Customer Loyalty Programs are the types of sales promotion. All of the above is the correct option. The correct option is B.
Free samples increase the possibility of future sales by enabling consumers to test a product before making a purchase.
Coupons encourage consumers to make purchases and may draw in new clients by providing discounts or special offers on goods or services.
Customers that use loyalty programs frequently receive points, awards, or special deals in exchange for their continued business. These initiatives try to keep current clients and promote reordering.
Thus, the ideal selection is option B.
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The balance on a credit card, that charges a 20%
APR interest rate, over a 1 month period is given in
the following table:
Days 1-5: $200 (initial balance)
Days 6-20: $350 ($150 purchase)
Days 21-30: $150 ($200 payment)
What is the finance charge, on the average daily
balance, for this card over this 1 month period?
finance charge = $ [?]
Round to the nearest hundredth.
Enter
Answers
The balance on a credit card, that charges a 20% APR interest rate, the Finance charge is given as
$4.3055
This is further explained below.
What is the APR interest rate?Generally, The interest rate that is applied to a loan, mortgage loan, credit card, etc. is referred to as an annual percentage rate of charge, which sometimes corresponds to a nominal APR and sometimes corresponds to an effective APR.
The annual percentage rate of charge is the interest rate for the entire year, as opposed to just a monthly fee or rate. It is a fee for financing that is presented in the form of an annual rate.
Interest rate APR = 12%
Average balance = ((200*5)+(350*15)+(150*10))/30
Average balance = $258.33
Average balance*APR/12
Finance charge =\(\frac{258.33*20 \%}{12 }\)
Finance charge = $4.3055
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Sue is considering splitting the cost of a new TV with her roommate. Her share would be $305.22. Can Sue afford this
Answers
Yes, she can make the purchase and have money left over.
Analyse the impact impact of sexual harassment as an ethical misconduct on businesses
Answers
Sexual harassment's effects on businesses as an ethical breach It results in psychological stress and worry for those affected, and if left untreated, it can cost businesses a lot of money due to lost productivity.
In addition to crying, depression, memory issues, despondency, irritability, agitation, lack of interest, isolation, lack of confidence, and low self-esteem, victims of psychological harassment may also experience symptoms like fatigue, sleep disorders, stomach problems, loss of appetite, back pain, sweating, dizziness, tremors, and nausea.
Low self-esteem and dissatisfaction with one's job are frequently experienced. The victim of harassment thinks that his or her integrity and dignity have been violated. Exclusion from the workplace is a frequent occurrence for the harassed individual, and isolation at work has detrimental effects on one's health.
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A group of individuals from the same business sector who try to persuade politicians to
pass favorable economic laws for them are known as
Answers
Answer:
Lobby
Explanation:
The term lobby refers to a group of people who band together and try to influence people in public office and politicians.
Hey does anyone go on the website Mkchat if you dont pls dont answer thnx
Answers
Answer:
yes i do
Explanation:
also pls answer my question on my profile im giving 66 points
why would you put money into a saving account
Answers
Answer:
You'd put money into a bank account to save it
Explanation:
you'd want to save it so you don't spend it yet.
Hope this helps! :)
You purchased a bond with a $10,000 face value and a 12% coupon rate. It has a 30-year maturity. Immediately before its 3rd payment, you sell the bond to your friend Jimmy. At the time of the re-sale, the interest rate in the economy is 8%. What is the selling price of the bond? a) 8k-9k b) 10k-11k c) 12k-13k d) 14k-15k e) none of the above
Answers
To calculate the selling price of the bond, we need to consider the present value of the remaining coupon payments. Therefore, the selling price of the bond is approximately $15,639.71.
Given:
Face value of the bond = $10,000
Coupon rate = 12%
Maturity period = 30 years
Interest rate in the economy = 8%
First, let's calculate the present value of the remaining coupon payments. The bond has a 12% coupon rate, so it pays $1,200 ($10,000 * 0.12) in coupon interest per year.
Since the bond is sold immediately before its 3rd payment, there are 27 remaining coupon payments (30 years - 3 years).
To calculate the present value of the remaining coupon payments, we can use the present value of an ordinary annuity formula:
Present Value of Annuity = Coupon Payment * [1 - (1 + Interest Rate)^(-Number of Periods)] / Interest Rate
Present Value of Annuity = $1,200 * [1 - (1 + 0.08)^(-27)] / 0.08
Present Value of Annuity ≈ $14,404.21
Next, let's calculate the present value of the face value. Since the bond matures in 30 years, we need to calculate the present value of $10,000 received in 30 years:
Present Value of Future Value = Future Value / (1 + Interest Rate)^Number of Periods
Present Value of Future Value = $10,000 / (1 + 0.08)^30
Present Value of Future Value ≈ $1,235.50
To find the selling price of the bond, we sum up the present value of the remaining coupon payments and the present value of the face value:
Selling Price of Bond = Present Value of Annuity + Present Value of Future Value
Selling Price of Bond ≈ $14,404.21 + $1,235.50
Selling Price of Bond ≈ $15,639.71
Therefore, the selling price of the bond is approximately $15,639.71, which falls into the range of $14k-15k (option d).
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Name three defferent "foodstuff" or drinks in your family and explain how biotechnology is involved in producing them
Answers
The three different "foodstuff" are:
1.Soyabean: Given that 81% of the soybeans grown worldwide are biotech, biotechnology plays a crucial role in enabling farmers to grow soybeans more profitably, develop unique frying oils, and implement contemporary agricultural techniques for soil conservation. Soybean meal and oil are produced from 85% of the soybean crop.
2.Tomato: According to a study published in Nature Plants, provitamin D3, a precursor to vitamin D3, can be artificially increased in tomatoes by preventing the action of an enzyme that normally converts it to cholesterol.
3.Papaya: Papaya genetic engineering enables the introduction of particular features into top cultivars without potentially changing the current phenotype. Specific DNA sequences are transferred in cell cultures and then integrated into the host genome as part of the procedure.
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3. Which of the following is NOT an example of a violation of professional ethics?
Answers
Coming to a school activity after participating in happy hour with colleagues is not an example of a violation of professional ethics.
What is professional ethics?Professional ethics encompass the personal and corporate standards of behaviour expected of professionals. The word professionalism originally applied to vows of a religious order. By no later than the year 1675, the term had seen secular application and was applied to the three learned professions, they are divinity, law, and medicine. The term professionalism was also used for the military profession around this same time.
Professionals and those working in acknowledged professions exercise specialist knowledge and skill. The use of this knowledge should be governed when providing a service to the public can be considered a moral issue and is termed professional ethics. It is capable of making judgments, applying its skills, and reaching informed decisions in situations that the general public cannot because they have not attained the necessary knowledge and skills.
One of the earliest examples of professional ethics is the Hippocratic oath to which medical doctors still adhere to this day.
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using the data under d1 and d2. calculate the cross elasticity of lorena's demand for golf at all three prices
Answers
The cross elasticity of lorena's demand for golf at $60 is -2.8, the cross elasticity of lorena's demand for golf at $45 is -3.50, the cross elasticity of lorena's demand for golf at $30 is -4.69.
Cross elasticity between golf rounds and movie tickets= Percentage change in quantity demand of golf rounds /Percentage change in price of movie tickets)
cross elasticity with the midpoint approach:
at a price of $60
Cross-price elasticity using the midpoint technique = [(P2-P1)/(P2+P1)/2] ÷ [(Q2-Q1)/(Q2+Q1)/2]
new quantity Q2 = 10
Old Quantity Q1 = 15
New price P2 = $15
Old price P1 =13
by substituting the above values:
=[(15-13)/(15+13)/2] ÷ [(10-15)/(10+15)/2]
=-2.28 ÷ -5/25/2
=5/12.5 ÷ 2/14 equals
= -0.4/0.1429
= -2.8
at a price of $45
New amount Q2 = 15
Old Quantity Q1 = 25
New price P2 = $15
Old price P1 =13
by substituting the above values:
=[(15-13)/(15+13)/2] ÷ [(15-25)/(15+25)/2]
=-10/40/2 by 2/28/2.
=[-10/20] ÷ [2/14]
= -0.5/0.1429
= -3.50.
when a $30 price
New Quantity Q2 = 20
Old Quantity Q1 = 40
New price P2 = $15
Old price P1 =13
by substituting the above values:
=(15-13)/(15+13)/2÷ (40-20)/(40+20)/2
=2/28/2 ÷ -20/60/2
= -20/30 ÷ 2/14
= -0.67/0.1429
= -4.69.
The cross price elasticity differs from one another. Because it's negative, the goods are complementary.
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