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Pachacha [2.7K]
2 years ago
8

what situation is occurring if a 1 percent decrease in price results in more than a 1 percent increase in quantity demand?

Business
1 answer:
Mekhanik [1.2K]2 years ago
3 0

Demand is price elastic, is occurring if a 1 percent decrease in price results in more than a 1 percent increase in quantity demand.

<h3>What is price elastic?</h3>

Price elastic of demand means the measurement of the product's demand with respect to its price.

It is common that if the price of a product will increase, the demand will fall, but some products demand fall more than other products, which is measure by price elastic in demand.

Thus, the correct option is demand is price elastic.

Learn more about demand is price elastic.

brainly.com/question/20630691

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Prepare a marketing plan to market yourself. Visit a career website and locate three careers listed on the website and determine
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Answer:

kailangan meron ka companies

Explanation:

advance mag isip wag dto

8 0
3 years ago
Ben owns an ice cream shop. Last quarter's income was $9,000; his cost of goods was $575, and his total expenses were $5,000. Wh
rewona [7]

Answer:

$3,425

Explanation:

took the test

7 0
2 years ago
You were hired as a consultant to Quigley Company, whose target capital structure is 35% debt, 10% preferred, and 55% common equ
alexgriva [62]

Answer:

A. 8.15

Explanation:

WACC is the firm's weighted average cost for the capital that is employed from different sources which includes common equity, preferred equity and debt.

In order to calculate WACC, the weighted average cost of each capital is added, so the formula becomes:

WACC = (E x %E) + (D x (1 - Tax) x %D) + (PE x %PE)

E = Common equity

D = Debt

PE = Preferred equity

%E = Common equity / total capital

%D = Debt / total capital

%PE = Preferred equity / total capital

Tax = Tax rate

<em>Interest on debt is a tax deductible expense therefore the interest rate is taken after accounting for tax in order to calculate WACC.</em>

<u>Calculation:</u>

Using the above formula we can calculate WACC

WACC = (11.25% x 55%) + (6.5% x (1-40%) x 35%) + (6% x 10%)

WACC = 0.0815 or 8.15%

7 0
3 years ago
Exploring the cost of transporting goods is part of which step in the screening process for potential markets and sites?
mario62 [17]

B) Step 2: Assess the national business environment is part of which step in the screening process for potential markets and sites.

The national environment of a business consists of economic, demographic, natural, cultural and political forces. The external environment of a company is often divided into an economic environment, a political and governmental environment, a sociocultural environment, and an international environment.

A state-owned enterprise is a company that operates within the borders of a particular country. Like local companies, state-owned companies understand the culture of the country and develop products and services to satisfy the market. For example, Donut Time is a donut shop that operates throughout Australia.

The question is incomplete. Please read below to find the missing content.

Exploring the cost of transporting goods is part of which step in the screening process for potential markets and sites?

A) Step 1: Identify basic appeal

B) Step 2: Assess the national business environment

C) Step 3: Measure market or site potential

D) Step 4: Select the market or site

Learn more about the national business environment here: brainly.com/question/22728969

#SPJ4

4 0
2 years ago
David is a police officer with the New York Police Department (NYPD).NYPD asks David to retire when he turns 65.It also informs
romanna [79]

Answer:

B) David will most likely lose the case as it is legal for police officers to be subjected to mandatory retirement.

Explanation:

According to relevant laws, an officer must retire upon attaining the age of 62 of after 20 years of uniformed service (if it is an Early Retirement) or 22 years of uniformed service (if it is a Normal Retirement).

Regardless of whether it is a Normal or Early retirement, the officer must disengage at the age of 62.

The relevant laws which govern the administration of the NYPD retirement process as wells pensions are:

  • the Administrative Code of the City of New York (NYCAC);
  • the New York State Retirement and Social Security Law (RSSL), and
  • the Rules of New York City Police Pension Fund (NYCPPF)

Cheers!

3 0
3 years ago
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