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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>

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In general, consolidated financial statements should be prepared a.when a corporation owns more than 50% of the common stock of
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Answer:

a.when a corporation owns more than 50% of the common stock of another company

Explanation:

Many a times, a parent company holds stock in it's own subsidiary company. Consolidation refers to presentation of combined profitability of a group wherein a Parent Co holds majority of the common stock i.e more than 50% of the common stock in it's subsidiary.

Such a presentation presents the combined picture of a group and helps in better comprehension and understanding by the users of the financial statements.

If a parent owns 100% stock in it's subsidiary, such subsidiary is referred to as a wholly owned subsidiary.

5 0
3 years ago
Indicate whether each of the following creates a demand for or a supply of European euros in foreign exchange markets:__________
DIA [1.3K]

Answer:

A: Demand of euros in foreign market.

B: Supply of Euros

C: Demand of Euros

D: Demand of Euros

E: Supply of Euros

F: Demand of Euros

G: Supply on Euros.

4 0
3 years ago
you want to put $2,500 in a simple interest account. It has a 4% annual interest rate. How long will it take you to earn $200 in
Solnce55 [7]
It will take 2 years because eaxh year you get 4% of the $2500 which means $100 a year
6 0
3 years ago
What kind of psychologist would someone who is dealing with the loss of a loved one most likely visit?
aliina [53]

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Counseling psychologist

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Which component of an enterprise resource planning (ERP) system provides business-to-consumer (B2C) information related to order
Anni [7]

Answer:

E-commerce

Explanation:

Enterprise resource planning can be regarded as one that encompass

technologies as well as systems that is used by companies in managing and integrating their core business.

Electronic commerce known as

can be regarded as E-commerce and can be explained as buying as well as selling of goods/services, it can as well be defined as transmitting of funds as well as data through electronic network, these could be the internet. These business transactions can appear as business-to-business (B2B), it can also be seen as business-to-consumer (B2C), it also be in form of

consumer-to-consumer as well as consumer-to-business.

It should be noted that E-commerce

component of an enterprise resource planning (ERP) system provides business-to-consumer (B2C) information related to order status and business-to-business (B2B) information related to suppliers and business partners

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