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
Mumz [18]
2 years ago
6

f the price of orange juice rises 10%, and as a result the quantity demanded falls by 8%, the price elasticity of demand for ora

nge juice is
Business
1 answer:
shusha [124]2 years ago
4 0

If the quantity demanded falls by 8%, the price elasticity of demand for orange juice is inelastic.

<h3>Price elasticity of demand</h3>

Using this formula

Price Elasticity of demand = Percentage change in demand/percentage change in price

Let plug in in the formula

Price Elasticity of demand=-0.08/0.10

Price Elasticity of demand=-0.8 (inelastic)

Therefore if the quantity demanded falls by 8%, the price elasticity of demand for orange juice is inelastic.

Learn more about  Price elasticity of demand here:brainly.com/question/5078326

#SPJ1

You might be interested in
our aunt has $500,000 invested at 5.5%, and she now wants to retire. She wants to withdraw $45,000 at the beginning of each year
dedylja [7]

Answer:

B. 17 is the correct answer.

Explanation:

8 0
2 years ago
Devon forgets to pay his credit card bill for three months. Which of the following statements is TRUE?
Mama L [17]
It is has to be option 4.
3 0
2 years ago
There are linkages between the microeconomic decisions made by managers and the macroeconomic environment. There are numerous ex
allochka39001 [22]

Answer:

One typical example of this linkage between the economy at the macroeconomic level, and business decisions at the macroeconomic and microeconomic level, is what happened with Lehman Brothers in 2008.

Explanation:

Lehman Brothers was one of the main investment banks in the United States. During the years prior to the financial crisis, Lehman Brothers decided to pursue a risky but profitable strategy of over leveraging -lending a lot more money than they had as deposits.

Once the financial crisis hit, a macroeconomic event, it affected the company at the macro and micro level. At the macro level because Lehman Brothers itself ceased to exist as it went bankrupt, and at the micro level, because it had to enter a process to pay off some debtors, and some of the employees who were laid off due to the dissolution of the firm.

4 0
2 years ago
Karen is buying a new laptop. She is looking for a light-weight computer. The laptop she purchases is a little heavier than she
Ipatiy [6.2K]

Karen is buying a new laptop. She is looking for a light-weight computer. The laptop she purchases is a little heavier than she had originally hoped, but she was willing to accept the extra weight for a computer with a bigger, clearer screen.

Karen made her purchase decision using a compensatory decision rule.

In psychology, compensation is a approach whereby one covers up, consciously or unconsciously, weaknesses, frustrations, goals, or feelings of inadequacy or incompetence in a single life area thru the gratification or (drive toward) excellence in some other area. compensation can cowl up both real or imagined deficiencies and personal or bodily inferiority. fantastic compensations may additionally help one to conquer one's problems. then again, bad compensations do not, which ends up in a strengthened feeling of inferiority.

Learn more about compensatory here

brainly.com/question/4395083

#SPJ4

8 0
1 year ago
In applying fiscal policy Conservatives will normally seek to limit government and will be inclined to ________ taxes (T) during
telo118 [61]

Answer:

Decrease

Explanation:

Fiscal policy is an important policy tool which is used by the government to account for revenue and expenses. During a boom stage, when the economy is improving the government implements more taxes. Similarly, in a recession period, where economic growth is negative an expansionary discretionary fiscal policy is applied. In this type of fiscal policy, taxes and government expenses both are concentrated to remove the pressure.

8 0
3 years ago
Other questions:
  • Two new rides are being compared by a local amusement park in terms of their annual operating costs. The two rides are assumed t
    8·1 answer
  • A $1,000 par bond is currently selling for $1,100. It has a 9% coupon rate, fifteen years remaining to maturity, and pays intere
    11·1 answer
  • Oakland Corporation reported a net operating loss of $500,000 in 20X3 and elected to carry the loss forward to 20X4. Not include
    11·1 answer
  • You would like to sell 290 shares of Xenith Bankshares, Inc. (XBKS). The current ask and bid quotes are $4.50 and $4.46, respect
    8·1 answer
  • An increase in the cost of producing video tape shifts the supply curve of video tape ________ and shifts the demand curve for v
    14·1 answer
  • Which of the following is the most authoritative source of tax law?
    15·1 answer
  • The chart shows a production possibilities schedule for Sabrina's Soccer how much profit does the company make from producing an
    5·1 answer
  • Acquired $60,000 cash from the issue of common stock. Received an $8,200 cash advance for services to be provided in the future.
    15·1 answer
  • True or False:
    11·1 answer
  • Identify which basic assumption of accounting is best described in each/some item(s) presented below:a) The economic activities
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!