1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Readme [11.4K]
2 years ago
13

Each week Pablo buys exactly 14 bottles of Bai Infusion drink regardless of its price. Pablo's own price elasticity of demand fo

r the drink is Group of answer choices 0 -1 less than -1 more than -1
Business
1 answer:
soldi70 [24.7K]2 years ago
8 0

Based on the purchase, Pablo's own price elasticity of demand for the drink is: A. zero (0).

<h3>What is a price elasticity of demand?</h3>

A price elasticity of demand can be defined as a terminology that is used to measure the responsiveness of the quantity of a product demanded by a consumer with respect to a specific change in price of the product, all things being equal (ceteris paribus).

In this scenario, Pablo's own price elasticity of demand for the drink purchased is zero (0) because the quantity of drinks he buys is constant or remained the same i.e there is no change in the quantity demanded.

Read more on price elasticity here: brainly.com/question/24384825

You might be interested in
The monopolist's level of output is not at the minimum point of ______, meaning it will not be productively efficient.
Llana [10]

When a monopolist's level of output is not at the minimum point of <u>average total cost</u>, this means it will not be productively efficient.

<h3>What is an average total cost?</h3>

An average total cost refers to a cost derived from total fixed and variable costs divided by total units produced.

In conclusion, this cost is used to evaluate how the total per-unit cost change as a result of output

Read more about average total cost

<em>brainly.com/question/25109150</em>

3 0
1 year ago
Joseph buys a Hummer for $59,000, financing it with a five-year 7.60% APR loan paid monthly. He decides to pay an extra $50 per
Alex Ar [27]

Answer:

57.07 months.

Joseph must decide whether the 57th payment was $1,327, or he can pay a 58th payment of just $92.

Explanation:

The easiest way to calculate a monthly payment is using a payment calculator:

  • principal = 59,000
  • n = 60
  • APR = 7.6%

Monthly payments = $1,185.04

Since Joseph will pay an extra $50 each month, his payment = $1,235.04

By paying that extra amount Joseph will reduce his payments by almost 3 months to 57.07 months

After the 57th payment, Joseph' balance = $91.43, so he can decide to pay a little on the 57th payment or just pay $92 next month.  

7 0
3 years ago
As prosperity and economic development rise, ________ increases as well.
crimeas [40]
As prosperity and economic development rise, individualism increases as well.

Individualism refers to the freedom of someones actions. If the economy is doing well and someone has more money, they are more likely to spend their money freely. The person has moral worth as an individual. 
4 0
3 years ago
The capital allocation line can be described as the:.
juin [17]

Answer:

What Is the Capital Allocation Line (CAL)? The capital allocation line (CAL), also known as the capital market link (CML), is a line created on a graph of all possible combinations of risk-free and risky assets. The graph displays the return investors might possibly earn by assuming a certain level of risk with their investment.

Explanation:

3 0
2 years ago
If nominal GDP is $900 billion and, on average, each dollar is spent six times in the economy over a year, then the quantity of
NeTakaya

Answer:

Option B (150) is the correct answer.

Explanation:

Given:

Nominal GDP,

= $900

Money velocity,

= 6

As we know,

⇒ Nominal \ GDP=Quantity \ of \ demanded \ money\times Money \ velocity

By putting the vales, we get

⇒                    900=Quantity\times 6  

⇒           Quantity=\frac{900}{6}

⇒                           =150

7 0
2 years ago
Other questions:
  • Nora was thinking about something else the day her teacher explained the difference between the words "between" and "among," so
    5·1 answer
  • One end item A requires three component parts: B, C, and D. The bill of material indicates that for each completed A, 3 units of
    5·1 answer
  • The section of Waterways that produces controllers for the company provided the following information.
    6·1 answer
  • g 1)Which of the following strategies are used by business firms to capture consumer surplus?1)A)Two-part tariffsB)Price discrim
    14·1 answer
  • It is legal for a principal real estate broker to place clients' trust funds in an interest-bearing account in Oregon ____(A) Wi
    6·1 answer
  • With the proliferation of data mining analysis due to scanner data with tens of thousands of records, online surveys that garner
    10·1 answer
  • Howard has a chemical burn from accidentally spilling a strong basic cleaning solution onto his arm. It causes a small burn mark
    10·1 answer
  • When formulating a positioning strategy, a multiple-benefits approach is strongly suggested to satisfy many markets at the same
    9·1 answer
  • What is the simplest form of automation?
    14·1 answer
  • In economics, the demand for a good refers to the amount of the good that people:_______
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!