Answer:
B. the percentage change in the quantity demanded divided by the percentage change in price.
Explanation:
The formula to compute the price elasticity of demand is shown below:
= (Percentage change in quantity demanded ÷ Percentage change in price)
where,
The Percentage change in quantity demanded equals to
= (New quantity - old quantity) ÷ ((New quantity + old quantity)
And, the Percentage change in price equals to
= (New price - old price) ÷ ((New price + old price)
Answer:
Explanation:
The most successful hoteliers are savvy operators who continually look for ways to learn and improve the way they do things, gaining an edge over the competition. But only a small percentage of independent hoteliers use revenue management strategies and thus limit their revenue-generating potential.
Answer:
least-cost is the correct answer.
Explanation:
Answer:
25%
Explanation:
Given:
Unemployed labor = 60,000
Workers wanting job = 20,000
Thus,
Total unemployed labor = Unemployed labor + Workers wanting job
= 60,000 + 20,000
or
Total unemployed labor = 80,000
Now,
the Total labor force with discouraged workers = people are in the labor force + Workers wanting job
or
= 300,000 + 20,000
or
labor force with discouraged workers = 320,000
Therefore,
Unemployment rate with discouraged workers
= (Total unemployed labor / labor force with discouraged workers) × 100
or
= ( 80,000 / 320,000 ) × 100
or
Unemployment rate with discouraged workers = 25%
