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fenix001 [56]
1 year ago
5

Do you think the price elasticity of demand for Ford sport-utility vehicles (SUVs) will increase, decrease or remain the

Business
1 answer:
olga nikolaevna [1]1 year ago
8 0

a. When other car manufacturers begin to make SUVs, the price elasticity of demand for Ford's SUV will increase. This is because the options consumers have has also increased.

b. When import is banned, the price elasticity of demand for Ford's SUVs will decrease. This is because there are less substitutes for  Ford's SUVs. Consumers would now have limited choices.

c. As a result of the ad campaigns,  the price elasticity of demand for Ford's SUVs will decrease. This is because other cars would be considered to be les safe when compared with the Ford SUVs.

d. Overtime, the price elasticity for Ford Cars will increase as there would be more substitutes

Price elasticity of demand measures how quantity demanded responds to changes in the price of a good

<em>Types of price elasticity </em>

  1. Elastic demand : this means that quantity demanded is sensitive to changes in price. Coefficient of elasticity is greater than 1
  2. Inelastic demand : this means that quantity demanded does not respond much to change in price.  Coefficient of elasticity is less than 1

To learn more about demand elasticity, please check: brainly.com/question/13565779?referrer=searchResults

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2. A company made the following merchandise purchases and sales during the current month
Bezzdna [24]

Answer: You need to subtract the following then add what you have left.

Explanation: For example if you had $300 and you spent 200 you have $100 left

4 0
3 years ago
During inflationary periods, assets such as TIPS, gold, and real estate are used as _____________ hedges. Money demand will decr
noname [10]

Answer:

Inflation; decrease.

Explanation:

An inflation can be defined as the sustained or persistent rise in the prices of goods and services at a specific period of time. Also, an inflation hedge refers to the investment that are used to protect the eroding purchasing power of a currency (money) as a result of a persistent increase in price level due to inflation.

During inflationary periods, assets such as TIPS, gold, and real estate are used as inflation hedges.

Additionally, money demand will decrease when interest rates, payment technology, inflation risk, and the liquidity of other assets decrease. This simply means that, the desired holding of financial assets in the form of money (monetary value) is dependent on factors such as interest rates, inflation risk, payment technology etc.

5 0
3 years ago
1. A man buys a laptop for £540 and sells it for £615. Find his loss or profit.
Korvikt [17]
<h3><u>Question</u><u>:</u><u>-</u></h3>

A man buys a laptop for £540 and sells it for £615. Find his loss or profit.

<h3><u>Answer</u><u>:</u><u>-</u></h3>

The man had a profit of £75

<h3><u>Explanation</u><u>:</u><u>-</u></h3>

Cost price = £540

Selling price = £615

▶️Profit = Selling price - Cost price

▶️Profit = £615 - £540

▶️ Profit = £75

6 0
2 years ago
Read 2 more answers
Lois is considering buying a new bicycle for $200. it has a 20hance of breaking down in the next year. what is the expected valu
denis23 [38]

The expected value in terms of repair cost for this purchase is $40.

Repair cost manner fees and expenses are fairly essential or acceptable due to normal wear and tear, periodic replacement, vandalism, damage, or destruction of any part of the ability property, and shall now not encompass operating fees.

First, bring together the entire listing of substances wished, and report a high and occasional price estimate for each. as soon as it really is carried out, add each column of numbers to get the whole cost for each high and coffee. Then upload the two totals, after which divide with the aid of to get the common price.

Repair cost and substitute mean all non-routine, non-repetitive activities, repairs or substitutes of systems, equipment, or device required for continuity of operations, safety, and running overall performance this is vital to prevent or correct a failure of the Pelletier Facility and which aren't protected as a component.

Learn more about repair costs here brainly.com/question/22932657

#SPJ4

4 0
1 year ago
Pinkie Copy Center sells laser printers and supplies. Pinkie Copy Center started the year with 90 containers of ink (average cos
Naddik [55]

Answer:

A) FIFO costing method

B) LIFO cost method

Explanation:

           Pinkie copy center income tax expense ending December 31

                                 Average cost FIFO LIFO

Sales revenue               13860 13860 13860

Cost of goods sold        6300 6246 6363

Gross profit                      7560        7614        7497

Operating expense          4000 4000 4000

Net income before tax       3560  3614 3497

Income tax expense         1424 1446 1399

Net income                         2136 2168 2098

7 0
3 years ago
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