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1 year ago

If the demand for product x is inelastic, a 15 percent decrease in the price of x will:____.

1 answer:

5 0

If the demand for product x is inelastic, a 15 percent decrease in the price of x will: Reduce by more than 15 percent the amount of X that is being requested. Reduce by less than 15 percent the amount of X that is being requested.

This is further explained below.

<h3>What is the inelastic market?</h3>

Generally, An economic concept known as inelastic refers to an item or service's static quantity when its price varies. When a product's price increases or decreases, customers' purchasing patterns are said to be inelastic, which indicates that neither change affects the other.

In conclusion,If there is no elasticity in the demand for product x, then a price reduction of 15% for product x will have the following effects: The quantity of X that is being requested should be decreased by more than 15 percent. The quantity of X that is being sought should be decreased by more than 10 but less than 15 percent.

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Suppose only two countries existed in the world. Country A imported $200 million worth of goods and services from Country B. Cou

tigry1 [53]

Answer:

C. Country A equals –$100 million.

Explanation:

Imports from Country B to Country A = $200 million

Imports from Country A to Country B = $100 million

Imports for one country represents exports to another.

Net exports is the difference between exports and import for a country.

Net exports for country A = $100 million - $200 million = - $100 million

Net exports for country B = $200 million - $100 million = $100 million

Right option is C. Country A equals –$100 million. Country's A export is less than it's import.

6 0

3 years ago

As a pharmacist in your community, you are concerned with the level of service provided to those in need at odd hours and after

umka2103 [35]

I guess the correct answer is Making products and counseling available when consumers need them.

In the fact that you are concerned with the level of service provided to those in need at odd hours and after hours and in the neighborhoods where such extended service is needed, then your our concerns are centered on making products and counseling available when consumers need them.

3 0

3 years ago

Maggie’s Skunk Removal Corp.’s 2018 income statement listed net sales of $14.1 million, gross profit of $9.00 million, EBIT of $

Lera25 [3.4K]

Answer:

The answer is shown below:

Explanation:

The computations are shown below:

1. Gross Profit margin in percentage is

= Gross profit ÷ Net sales × 100

= $9 million ÷ $14.1 million

= 63.83%

2. Net Profit margin percentage

= Net income available to common stockholders ÷ Net sales × 100

= $4.8 million ÷ $14.1 million

= 34.04%

3. Operating Profit margin percentage is

= EBIT ÷ Net sales × 100

= $7.2 million ÷ $14.1 million

= 51.06%

Basic Earning Power in percentage

= EBIT ÷ Total Assets

= $7.2 million ÷ $54.1 million

= 13.31%

Return on assets is

= Net Income ÷ Average Assets

= $4.8 million ÷ $54.1 million

= 8.87%

Return on Equity is

= Net income ÷ common stockholders' equity

= $4.8 million ÷ $22.6 million

= 21.24%

And,

Dividend Payout ratio is

= common stock dividends ÷ net income available to common stockholders

= $2.8 million ÷ $4.8 million

= 58.33%

6 0

3 years ago

How many clusters do vocational counselors group career and occupation specialties into?

nevsk [136]

Answer:

Explanation:

I believe it's 10 let me know if its correct.

8 0

3 years ago

Read 2 more answers

The objective of a competitive strategy is to establish a competitively powerful value chain. grow revenues at a faster annual r

asambeis [7]

Provide buyers superior value relative to the offerings of rival sellers in order to attain a competitive advantage.

<h3><u>Explanation:</u></h3>

The strategy or the plan that is being used by a company in a long term for the purpose of gaining advantage over the competitors of the similar field refers to the Competitive Strategy. The main aim of using competitive advantage in the creation of a defensive position so that the competitors will not compete with the company and also aims in attaining higher return on investment.

The types of competitive strategies are differentiation strategies,focus strategies and Cost-leadership strategies. Thus competitive strategies aims in providing superior value to the offerings given to the buyers and gaining a competitive advantage.

7 0

3 years ago