Answer:
-5.95%
Explanation:
A = P(1+r)^n
A is the auction price at which the sculpture was sold = $10,331,500
P is the price the sculpture was purchased = $12,417,500
n is the time interval between the year of sales and year of purchase
10,331,500 = 12,417,500(1+r)^3
(1+r)^3 = 10,331,500/12,417,500
(1+r)^3 = 0.832
1+r = (0.832)^1/3
1+r = 0.9405
r = 0.9405 - 1 = -0.0595 = -5.95%
Answer:
How does the price range affect the elasticity of demand for a product?
Demand for all goods is elastic if the price is low enough.
Price range has little or no effect on elasticity of demand for a good.
Demand for a good can be inelastic at a low price, but elastic at a high price.
Demand for a good can be elastic at a low price but inelastic at a high price.
Explanation:
How does the price range affect the elasticity of demand for a product?
Demand for all goods is elastic if the price is low enough.
Price range has little or no effect on elasticity of demand for a good.
Demand for a good can be inelastic at a low price, but elastic at a high price.
Demand for a good can be elastic at a low price but inelastic at a high price.
Answer:
Values Statement.
Explanation:
Value Statement: It shows that what an organization believes in, what are their values, where does the company stands in terms of morality. Moreover, value statement reflects the priority of the company and tells if it is inclined towards profit or collective goods more.
<em>As</em> the whole foods communicated that they don't want any harm towards the planet and claim themselves as responsible ones to care for this planet, it suggests that this is their value statement.
Answer:
In detailed along with all the contingencies that are spelled out.
Explanation:
Common law is the body which is of legal rules that have been made or build through the judges as they will issue the rulings on cases, which is opposed to the rules and the laws which were made through the official statutes or the legislature.
Under the common law, the contracts are made or stated or drafted so that they will provide a brief as well as detailed rules along with all the possible contingencies which were spelled out or made out.
