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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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Explanation:

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3 years ago
Which statement below best describes the accounting equation? Multiple Choice The change in retained earnings equals net income
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Answer:

The correct answer is Resources of the company equal creditors' and owners' claims to those resources.

Explanation:

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3 years ago
240 individuals are recruited in this trial, and the new treatment is effective on 60 of them. What is the p-value associated wi
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Answer:

Explanation:

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Step 1: we calculate the sample proportion; p= 60/240= 0.25.

Step 2: calculate the standard error for the sample, which is the square root of sample proportion,p = p(1-p)/n, n=100

0.25(1-0.25)/100

= 0.04.

Step 3: calculate the test statistics; assuming the hypothesis test percentage is 25%

Then, we say 0.25-1=0.75

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= -1.875.

In particular, the sample results are -1.875 standard error.

Probability of Z is less than -1.875.

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g explain which types of organizations (if any) will traditional HRM fit most and which types of organizations (if any) will str
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Learn more about Preventive maintenance: brainly.com/question/14970029

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