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2 years ago

When a 1 percent decrease in price produces more than a 1 percent increase in quantity sold, the product or service is

2 answers:

7 0

When a 1 percent decrease in price produces more than a 1 percent increase in quantity sold, the product or service is an Elastic Demand.

<h3>What is an Elastic Demand?</h3>

Elastic demand is measured by its percent of change in demand divided by its percent of change in price, provided all other factors remain the same.
If the change in price and change in demand is proportionate, the item is neither elastic nor inelastic.
An item has elastic demand if its demand changes more than its price changes.

For example, if two stores sell identical products of the same amount for different prices, incase of a perfectly elastic demand nobody would buy from the seller with higher priced product.

Learn more about Elastic Demand here:

brainly.com/question/14897348

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Lemur [1.5K]2 years ago

7 0

When a 1 per cent decrease in price produces more than a 1 per cent increase in quantity sold, the product or service is an Elastic Demand.

<h3>What is an Elastic Demand?</h3>

Elastic demand is measured by its per cent of change in demand divided by its per cent of change in price, provided all other factors remain the same.

If the change in price and change in demand is proportionate, the item is neither elastic nor inelastic.

An item has elastic demand if its demand changes more than its price changes.

For example, if two stores sell identical products of the same amount for different prices, in case of a perfectly elastic demand nobody would buy from the seller with a higher-priced product.

Learn more about Elastic Demand here:

brainly.com/question/14897348

#SPJ4

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Which attack is typically performed from a hallway or doorway?

masha68 [24]

Answer:

B. Combination

Explanation:

Firefighting can be defined as a strategic approach or technique which typically involves the process of attempting to prevent and control the spread of an unwanted fire in buildings, vehicles or any other location (place).

Basically, the professionals or experts who are saddled with the responsibility of preventing or controlling this unwanted fire are known as fire fighters.

An attack which is typically performed from a hallway or doorway is known as combination.

3 0

3 years ago

Folger Group pays its executives short-term incentives for meeting financial targets. What could be included in this incentive p

Natalija [7]

Something that could be included in the incentive pay to the executives of the Folger Group is bonus for meeting the required goal for return on investment.

<h3>What incentives do executives get?</h3>

Executives are top management so their incentive pay will be based on the performance of the company as a whole.

One such incentive will therefore be a bonus for when the company meets the goal for the return on investment that was set by shareholders throught the Board.

Find out more on incentive pay at brainly.com/question/964887.

4 0

2 years ago

Why does platinum cost more than gold?

luda_lava [24]

Because platinum is more dense and so more of it is required to make a ring. Also platinum rings are 95% pure platinum while gold rings 58.5% gold

4 0

3 years ago

is a multi-division firm that uses its overall WACC as the discount rate for all proposed projects. Each division is in a separa

MatroZZZ [7]

Answer:

The right answer to this question is to choose higher-risk projects over low-risk projects.

Explanation:

Jenner is a multi-division company that uses its overall WACC as a discount rate for all proposed projects. Every division is in a different line of business, every of which poses risks specific to those divisions.

WACC lowered the overall expense of the various sources of finance by using the mechanics involved in calculating the costs of these sources of fluidity. Organizations use the hybrid structure that costs the customer to the organization to save the source of funding in WACC.

5 0

4 years ago

Shamrock Company had net income of $34,000. The weighted-average common shares outstanding were 8,500. The company declared a $3

Leni [432]

Answer:

d) $4.00.

Explanation:

Net Income = $34,000

Common shares outstanding = 8,500 shares

Earning Per share = Net Income for the period / Common shares outstanding

Earning Per share = $34,000 / 8,500 shares

Earning Per share = $4 per share

The company's earnings per share is $4.

Divided declared has nothing to do in the calculation of Earning per share because we just measure the earning against each share which involves net income and number of outstanding shares only.

3 0

4 years ago