If $3,70240 Earned $212

question 111

Short Answer

If $3,702.40 earned $212.45 interest from September 17, 2014 to March 11, 2015, what rate of interest was earned?

Apply the concept of inverse demand function in economic analysis.

Calculate and interpret the price elasticity of demand for various commodities.

Analyze how changes in price affect demand using elasticity concepts.

Understand the role of income elasticity of demand in consumer behavior.