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Natasha_Volkova [10]
2 years ago
8

If the price elasticity of demand for a product is 2. 5, then a price cut from $2. 00 to $1. 60 will:_______

Business
1 answer:
hoa [83]2 years ago
3 0

Increase the quantity demanded by about 25 percent.

<h3>What is the short definition of price elasticity?</h3>
  • Price elasticity in business and economics refers to how much people, consumers, or producers alter their demand or the quantity supplied in reaction to changes in price or income.
  • It is mostly used to evaluate how consumer demand has changed as a result of a price change for a good or service.
<h3>What are some examples of price elasticity of demand?</h3>
  • When a price increase results in a greater percentage reduction in demand, we say a good is price elastic.
  • For instance, if price increases 20% and demand declines 50%, the PED equals -2.5. One illustration is Heinz soup. Heinz soup options are plenty today.

learn  more about price elasticity of demand here

<u>brainly.com/question/5078326</u>

#SPJ4

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The classified stock refers to class of common stock that comes with special privileges like dividend rights or enhanced voting rights.

Usually, these stock are issued/owned by individual that started or co-start the business.

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6 0
3 years ago
Recently, U.S. dairies, struggling to increase milk sales, tried to change the way adults thought about chocolate milk. The dair
Blizzard [7]

Answer:

The correct answer is C

Explanation:

Repositioning is states as altering or changing the position of the product in the customer minds as relative to the offerings of the product. It is very difficult as well as subtle procedure as the brand or the product needs or require to change the market understanding of the product.

In this case, the dairies would like to reposition the chocolate milk in the minds of the adult customers as they are trying to change the way adults think of chocolate milk.

7 0
3 years ago
Identify which of the following statements is false. A. The AAA balance can be​ negative, but the​ shareholder's basis in the S
astra-53 [7]

Answer:

(B) Nonmoney property distributions made by an S corporation having accumulated​ E&P are treated differently when determining the corporateminuslevel gain recognized under Sec. 311 than are property distributions made by an S corporation without accumulated​ E&P.

Explanation:

7 0
3 years ago
A cube has a side length (s) of 5 centimeters. The expression 6s2 gives the surface area of the cube and the expression s3 gives
Anastaziya [24]

Answer:

The volume and surface area of the cube is 125 cm³ and 150 cm² respectively.

Explanation:

The expression for the surface area of the cube :

A = 6s²

s is the side of the cube

The expression for the volume of the cube is :

V = s³

We need to find the volume and surface area of the cube.

For surface area : S = 6(5)² = 150 cm²

For volume : V = (5)³ = 125 cm³

Hence, the volume and surface area of the cube is 125 cm³ and 150 cm² respectively.

5 0
3 years ago
You withdraw $100 from your checking account. how does this affect the money supply and the reserves of your bank?
Ahat [919]
There is no change in money supply and the reserves of your bank decline
4 0
3 years ago
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