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Readme [11.4K]
2 years ago
13

If the demand for product x is inelastic, a 4 percent decrease in the price of x will.

Business
1 answer:
NeTakaya2 years ago
3 0

A 4 percent decrease in the price will lead to an increase in the quantity demanded by less than 4 percent.

<h3>What is demand?</h3>

Demand simply means the amount of goods and services that a buyer wants to buy at a particular price and time.

When the demand for product x is inelastic, a 4 percent decrease in the price of x will lead to an increase in the quantity demanded by less than 4 percent.

Learn more about demand on:

brainly.com/question/1245771

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The prospecting stage is basically refers to the database, social contacts, various types of trading show that are used for locating the potential consumers according to the requirement.

Therefore, Prospecting stage is the correct answer.

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Answer:

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3 years ago
John buys a $1,000 bond that pays 6% annual interest at 75. what is john's annual yield?
lina2011 [118]

To calculate the current yield of bonds.

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Formula of current yield: 

Yield =  (interest rate * par value)/(market price) * 100%

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         = ( $60/$750) * 100%

         =0.08 * 100%

         = 8%


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3 years ago
How does McDonald's organize its marketing department
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