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2 years ago

If, for a given percentage increase in price, quantity demanded falls by a proportionately smaller percentage, then demand is:.

1 answer:

6 0

A demand is relatively inelastic if for an increase in price, the quantity demanded falls by a proportionately smaller percentage.

<h3>What is a relatively inelastic demand?</h3>

A relatively inelastic demand refers to a when the percentage change produced in demand is <u>less</u> than the percentage change in the price of a product.

In conclusion, the inelastic demand are often seen in most essential goods.

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LinkedIn is an example of a(n).<br> app?

UkoKoshka [18]

Answer: Linkedln is an example of an app, yes.

Explanation:

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3 years ago

Courtney is the finance head of a tourism company. Recognizing that the company is hard-pressed financially, she decides to canc

luda_lava [24]

Answer:

a. Romanticizing risk

b. Creating a vision for the organization

c. Developing a personal brand and building trust

d. Concentrating resources on areas that need the most change

Explanation: These strategies will help the company to regain it's productivity level because the focus must be on the way forward not the problem of the company at hand.

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3 years ago

All-Star Collectibles focuses its marketing efforts on high-income buyers of unique collectible items. The firm realizes that th

m_a_m_a [10]

Answer:

<em>b.niche marketing. </em>

Explanation:

Niche advertising is a marketing technique used to target a particular, specific market segment.

Niche market is very often generated by knowing what a consumer wants, and it can be achieved if the company knows whatever the consumer wants and then aims to provide an unique solution to the issue that other businesses have not provided.

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4 years ago

The Pita Pit borrowed $198,000 on November 1, 2021, and signed a six-month note bearing interest at 12%. Principal and interest

pantera1 [17]

Answer:

$3,960

Explanation:

The Borrowed amount is $198,000 on November 1, 2021.

The interest expense at December 31, 2021 is calculated as shown below:

I=PRT

R=12%=0.12

P=$198,000

T=2 Months=(2/12) year

I=198,000*0.12*(2/12)

I=$3960

The correct option will be "B. $3,960."

5 0

3 years ago

Which is most true of an annual rate of 4% compounded quarterly? A) It is equivalent to 4.4% paid annually. B) It is equivalent

Artemon [7]

Answer:

D) It is equivalent to 4.06% paid annually

Explanation:

Since it is not talking about annuity and simple compound interest, therefore assuming investment value = $100 then interest will be as follows:

Interest for each quarter = $\frac{4}{100} \times \frac{3}{12}$ = 1%

But this 1% will be paid on the compounded value

Interest at end of Quarter 1 = $100 X 1% = $1

Compounded value at end of Quarter 1 = $100 + $1 = $101

Interest at end of Quarter 2 = $101 X 1% = $1.01

Compounded value at end of Quarter 2 = $101 + $1.01 = $102.01

Interest at end of Quarter 3 = $102.01 X 1% = $1.0201

Compounded value at end of Quarter 3 = $102.01 + $1.0201 = $103.0301

Interest at end of Quarter 4 = $103.0301 X 1% = $1.030301

Compounded value at end of Quarter 4 = $103.0301 + $1.030301 = $104.060401

Now net return annually = $4.060401/$100 = 4.06%

Final Answer

D) It is equivalent to 4.06% paid annually

6 0

3 years ago