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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

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Explanation:

1.

Contribution Margin=Sales - variable cost =$8.75-$3.50=$5.25

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Pre-Tax Net Income=Net Income/(1-tax rate)

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3.  

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Answer:

$56.74

Explanation:

Base on the scenario been described in the question, we can use the following method to solve the problem

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