Suppose you have one hour to catch a flight to Los Angeles for a job interview. It takes approximately about 40 minutes to drive to the airport. You just realized that car is almost out of gas, and the price of gas at the closest gas station is higher than at other gas stations that are much farther away in a different direction. To you, the price elasticity of demand for gas is likely to be than it would be if you had several hours before the flight.

Asavings account that pays interest every 3 months is said to have a interest period

Carrie works at a canned food production factory. the government wanted to give a boost to the salt industry, so it lined up numerous subsidies and tax exemptions for the sector. this lead to a decrease in production costs. this also meant that consumers could access canned foods at a lower price, which lead to an increase in demand for the product. which kind of economic system is carrie’s company dealing with? carrie’s company is dealing with a/an economy.

Laws corporation is considering the purchase of a machine costing $16,000. estimated cash savings from using the new machine are $4,120 per year. the machine will have no salvage value at the end of its useful life of six years and the required rate of return for laws corporation is 12%. the machine's internal rate of return is closest to (ignore income taxes) (a) 12% (b) 14% (c) 16% (d) 18%