Answer:
The answer is: Since the price elasticity of demand is lower than -1, then you should lower the price of your goods.
Explanation:
Price elasticity of demand is almost always negative, since a decrease in the price of a product should increase the quantity demanded for that product. In this case the price elasticity of demand is -1.5, that means that if you lower your price by 1%, you should be able to sell 1.5% more products. So when you lower your price, your total revenue should increase due to higher sales.
Answer:
which statement regarding Cold Goose Metal Works Inc.’s balance sheet is consistent with U.S. Generally Accepted Accounting Principles (GAAP)
A. The company’s debts should be listed in order of their liquidity.
Explanation:
Under U.S. GAAP, assets are presented in descending order of liquidity, liabilities in ascending order of time to maturity, and equity in descending order of priority in liquidation.
10 cents is more valuable than finding a dollar i think because of the connection with hardworking , rather earn something than find because are luck isn’t always trusted
Answer:
B.enables production to be ahead of demand.
Explanation:
<em>One of the benefits of a wholesale warehouse in the chain of distribution is that it </em><em>enables production to be ahead of demand</em><em>.</em>
A warehouse generally represents a large house where goods/products are kept prior to their distribution for sale.
The use of a warehouse offers several advantages to producers. These include:
- adequate protection and preservation of products
- regular flow of goods irrespective of their period of production
- continuity in the production process in order to stay ahead of market demand
- easy handling of products
- etc.
<em>Hence, the correct option is B.</em>
Answer:
The correct answer is "decrease".
Explanation:
This would cause the current demand for computers to decrease because consumer expectations would be displaced in the long run by waiting for computer prices to decrease before going to buy them. This behavior is due to the advance announcement of the manufacturers.
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