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2 years ago

Holding the nonprice determinants of demand constant, a change in price would:

1 answer:

7 0

Holding the nonprice determinants of demand constant, a change in price would result in either a decrease in demand or an increase in demand.

An alternate in a nonprice determinant changes the relationship between rate and amount demanded, either increasing or reducing the amount demanded at every rate. on occasion referred to as non-very own-rate determinant. A boom or decrease in the amount demanded of an awesome, service, or resource at each fee.

The demand curve shifts horizontally. A surplus will arise in a market if: the quantity provided at a given rate exceeds the amount demanded at that rate.

Whilst a nonprice determinant of demand modifications calls for curve shifts, there may be a boom or lower in demand. when the rate of great adjustments, we move along the demand curve to a new factor on the curve, and there's a boom or lower in quantity demanded.

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Establishing a secure customer or client base is an example of how to deal with this type of risk.

Elan Coil [88]

It would be Operational risky

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3 years ago

Features of a cover note

musickatia [10]

Answer:

It will be:

a) Address and date

b) salutation

c) Body of letter.

d) Conclusion.

Explanation:

The first one is address.

The second one is one's greetings.

The third one is: one's purpose of writing the letter.

The last is the rounding up of the letter.

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3 years ago

A patent: Group of answer choices includes articles or processes falling under the category of physical phenomena or abstract id

ryzh [129]

Answer:

The correct answer is letter "C": deprives competitors of the opportunity to use the invention without the patent holder's consent.

Explanation:

Patents are grants given to the creator of innovation by which that individual is the only person with the right of use of the new technology. The U.S. Patent and Trademark Office (USPTO) is the agency in charge of evaluating the patent requests and providing them whenever suitable.

Patents are usually given for 20 years beginning from the date when the patent application was filed in the USPTO. If approved, <em>other individuals cannot use, replicate or exploit the innovation without the explicit permission of its creator.</em>

4 0

4 years ago

Consider two markets the market for motorcycle and the market for pancakes the initial equilbrium for both market is the same th

Sergio [31]

To calculate the midpoint elasticity, simply use the midpoint formula: {(Q1-Q0)/ [(Q1+Q0)]/2} / {(P1-P0)/ [(P1+P0)]/2

Where P0 and Q0 are price and quantity at the initial moment and P1 and Q1 are price and quantity at the second moment.

Note: The prices are the same for both products and the initial quantity (Q0) as well. What changes is Q1.

pancakes market:

{(109-31) / [(109+31)/2] / {(11,75-5,50)/ [(11,75+5,5)]/2}

[ 78/ (140/2)] / [6,25/ (17,25/2)]

[78/70] / [6,25/8,65]

1,11/0,72 = 1,48 (elastic)

motorcycle market:

{(51-31) / [(51+31)/2] / {(11,75-5,50)/ [(11,75+5,5)]/2}

[ 20/ (82/2)] / [6,25/ (17,25/2)]

[20/41]/ [6,25/8,65]

0,48/0,72 = 0,66 (inelastic)

Conclusion: After the price increase, the quantities demanded for each product varied. The elasticity of demand for pancakes has proved elastic (very price sensitive) while the elasticity of demand for pancakes has been inelastic (not very sensitive to price changes).

Note: Demand elasticity is considered elastic when the value is greater than 1 and inelastic when less than 1.

5 0

3 years ago

Kristen Lu purchased a used automobile for 8,000 at the beginning of last year and incurred the following operating costs:

love history [14]

Fixed cost per mile 0.32 =(1600+1200+360+40)/10000.

Kristen Lu purchased a second user automobile for 8,000 at the start of last year and incurred the subsequent operatingcosts:8,000atthebeginningoflastyearandincurredthefollowingoperatingcosts ($8,000 ÷5 years) Insurance Garage rent Automobile tax and license Variable operating cost$ 1.600 $ 1.200 $ 360 $ 40 $ 0.14 per mile$The variable expense consists of gasoline, oil, tires, maintenance, and repairs. therefore the annual straight-line depreciation is$1,600.

The car is kept in a very garage for a monthly fee. Kristen drove the car 10,000 miles last year. Compute the typical cost per mile of Owning and operating cost of the the car. What costs above are relevant during this decision? Kristen is considering buying an upscale sports car to interchange the car she bought last year.

She would drive the identical number of miles irrespective of which car she owns and would rent the identical parking zone. The sports car's variable operating costs would be roughly identical because of the variable operating costs of her old car.

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3 0

2 years ago