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You are considering the purchase of one of two different investments.Investment A is tax exempt and pays 6%.Investment B is taxable and pays 8.33%.You live in a state that imposes no income taxes and are in a 28% federal tax bracket and want to earn the highest after tax return possible.Which of the following is true? (round to two decimal places)
Price Elastic
The responsiveness of the quantity demanded or supplied of a good to a change in its price. High elasticity means quantity changes significantly with price changes.
Necessity
A requirement or indispensability; something that cannot be done without.
Midpoint Method
A technique used in economics to calculate the elasticity of demand or supply, measuring the percentage change in quantity demanded or supplied relative to a percentage change in price.
Price Elasticity
A metric determining how the quantity of a good demanded fluctuates with a shift in that good's price.
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