All categories

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

#SPJ4

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

You might be interested in

Why had farming become unprofitable during this period?

vivado [14]

If you are referring to the unprofitable farming that occurred during the period of populism, then the answer is that it became unprofitable because the crops were producing surpluses and the prices started dropping heavily.

8 0

3 years ago

The __________ element of a business process includes people or computer applications assigned to roles.

nikdorinn [45]

The <u>Resources</u> element of a business process includes people or computer applications assigned to roles.

Operations management includes three degrees: strategic, tactical, and operational.

at the maximum essential level, control is a subject that consists of a fixed five well-known capabilities: making plans, organizing, staffing, main and controlling. those 5 capabilities are a part of a body of practices and theories on how to be a successful supervisor.

Operations control (OM) is the enterprise feature answerable for dealing with the technique of introduction of products and services. It entails planning, organizing, coordinating, and controlling all the assets needed to produce an organization's items and offerings.

Learn more about Operations management here

brainly.com/question/1276995

#SPJ4

5 0

2 years ago

Easy Car Corp. is a grocery store located in the Southwest. It expects to pay an annual dividend of $6.30 next year to its share

emmainna [20.7K]

Answer:

Missing question <em>"1. What is the cost of debt for Easy Corp? 2. How many interest payments are left for the bond of Easy Corp? 3. What is the interest payment per period for the bond? 4. What is the discount rate per period to use in pricing the bonds? 5. What is the market value of equity for Easy? 6. What is the cost of equity for Easy?"</em>

<em />

1. Cost of debt is equal to YTM, which is equal to 10%

Cost of debt = YTM = 10%

2. Number of interest payment to be made is equal to 26 * 2 = 52

This is because payment is made semi annually

3. Interest payment per period = 8.9141% / 2 * $1,000

Interest payment per period = 4.45705% * $1,000

Interest payment per period = $44.57

4. As the period is semiannual, discount rate per period is equal to 10% / 2 = 5%

5. Market value of equity = 600,000*60 = $36,000,000

6. Cost of equity = Dividend price + Growth rate

Cost of equity = 6.3/60 + 0.05

Cost of equity = 0.105 + 0.05

Cost of equity = 0.155

Cost of equity = 15.5%

7 0

3 years ago

Your coworker needs to communicate with the cleaning crew that there is no need for them to come in during the holiday break. He

Alecsey [184]

Answer:

A. Anticipate future relations and business

C. Avoid endings that sounds canned

Explanation:

Canned responses or endings are pre-dertermined responses used in various scenarios while writing.

In this your case coworker needs to communicate with the cleaning crew that there is no need for them to come in during the holiday break.

In order to have a personalised and future view of the relationship.

It will be better to use an ending that anticipates future relations and business, and avoid endings that sounds canned.

7 0

3 years ago

Archway Architects, Inc., makes travel arrangements online and stores the confirming documents and receipts on its servers. Unde

Firlakuza [10]

Answer:

The correct answer is D that it is a record.

Explanation:

Record is the term which is described as keeping a track of the items which is necessary for the business by recording them and can be use a proof if something wrong happen in the business.

So, keeping the documents as well as the receipts on the servers, under the UETA, information which is inscribed, stored in any form is a record.

6 0

3 years ago