The elasticity of demand for some products is affected by the personal values of potential customers. Consider devout practitioners of the Hindu religion who believe it is wrong to eat beef. In Hindu
communities, the elasticity of demand for beef is 0.0, or completely inelastic - consumers won't buy
beef no matter what happens to its price. Describe several other situations where other factors are
more important to the buying decision than is the price. Discuss your reaction to these situations (i. e.
Do you find them interesting, surprising? If so, why? Be specific!)

Suppose the government decides to issue a new savings bond that is guaranteed to double in value if you hold it for 20 years. assume you purchase a bond that costs $25. a. what is the exact rate of return you would earn if you held the bond for 20 years until it doubled in value? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e. g., 32.16.) b. if you purchased the bond for $25 in 2017 at the then current interest rate of .27 percent year, how much would the bond be worth in 2027? (do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.) c. in 2027, instead of cashing in the bond for its then current value, you decide to hold the bond until it doubles in face value in 2037. what annual rate of return will you earn over the last 10 years? (do not