If Demand for a Service Is Very Elastic,make Up a Number

question 41

Short Answer

If demand for a service is very elastic,make up a number to represent its elasticity._____

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Definitions:

Dollar Price

The cost or value of a financial instrument or commodity expressed in terms of US dollars.

Capital Structure

The mix of debt and equity that a company uses to finance its operations and growth, crucial for determining the company's leverage and financial strategy.

Treasury Bonds

Long-term government debt securities issued by the U.S. Treasury with a maturity of more than ten years that pay periodic interest until maturity when the face value is paid back.

Ask Price

The price at which a dealer will sell a security.