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If price elasticity of demand is calculated to be less than 1, the good is said to be inelastic. An inelastic good will respond less than proportionally to a change in price; for example, a price increase of 40% that results in a decrease in demand of 10%. Goods that are inelastic often have at least one of the following characteristics:
Subway IP LLC, [8] trading as Subway, is an American multinational fast food restaurant franchise that specializes in submarine sandwiches (subs) and wraps.It was founded by Fred DeLuca and financed by Peter Buck in 1965 as Pete's Super Submarines [9] in Bridgeport, Connecticut.
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The oldest example of a perpetual bond was issued on 15 May 1624 by the Dutch water board of Lekdijk Bovendams. [2] [3] Only about five such bonds from the Dutch Golden Age are known to survive by 2023. [4] Another of these bonds, issued in 1648, is currently in the possession of Yale University. Yale bought the document for its history of ...
Textbook examples of industries with market structures similar to monopolistic competition include restaurants, cereals, clothing, shoes, and service industries in large cities. The "founding father" of the theory of monopolistic competition is Edward Hastings Chamberlin , who wrote a pioneering book on the subject, Theory of Monopolistic ...
This bond's price sensitivity to interest rate changes is different from a non-puttable bond with otherwise identical cash flows. To price such bonds, one must use option pricing to determine the value of the bond, and then one can compute its delta (and hence its lambda), which is the duration.
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