1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
svetlana [45]
2 years ago
9

when the percentage change in the price is greater htan the resulting percentage change in quantity demanded,

Business
1 answer:
Oliga [24]2 years ago
7 0
The price elasticity of supply is given by a similar formula: If the percentage change in quantity demanded is greater than the percentage change in price, demand is said to be price elastic, or very responsive to price changes.
You might be interested in
Trago Company manufactures a single product and has a JIT policy that ending inventory must equal 20% of the next month's sales.
Colt1911 [192]

Answer:

The number of units that would appear in June's production budget are 297000 units.

Explanation:

The production in June will contain 80% units that relates to June's budgeted sales and 20% units that relate to July's budgeted sales. Thus, the number of units that are to be produced in June are:

June's Production = 0.8 * 295000 + 0.2 * 305000 = 297000 units

Thus, in June, 297000 units will be produced.

3 0
3 years ago
Read 2 more answers
Rina notices that her ad's average cost per click (CPC) is significantly higher than the industry benchmark. But she's not seein
Naya [18.7K]

Answer: Improve the ad’s quality score.

Explanation:

Rina should try to improve her ad's quality score because even if you pay for an ad, it is not a guarantee that your ad will be picked if it does not have a good quality score.

There will be other people like her who have paid for ads and if hers is not as high quality as theirs, the search engine's search bots will pick those ones up more which would leave her ads lower on the ad hierarchy.

She can try to improve ad quality by including relevant ads and giving users a better landing page experience.

5 0
3 years ago
Most food service establishment before the 18th century cater to ____.
Thepotemich [5.8K]
Farmers are the only ones
6 0
3 years ago
Read 2 more answers
Select the correct answer. Which skill ensures that you follow fair/legal practices in your work and while dealing with people i
kicyunya [14]

Answer:

E

Explanation:

When following corporate ethics, you are proving that you are following your company's ethics and expectations of appropriate behavior.

4 0
3 years ago
The following inventory information was taken from the records of Kleinfeld Inc.: Historical cost $12,000 Replacement cost $7,00
irga5000 [103]

Answer:

the inventory should be recorded at $8,500

Explanation:

As we know that according to GAAP, the inventory should be recorded at a cost or net realizable value whichever is lower

So as per the question

Historical cost is $12,000

And, the net realizable value is

= Expected selling price - expected selling cost

= $9,000 - $500

= $8,500

So, the lower cost is $8,500

Hence, the inventory should be recorded at $8,500

5 0
3 years ago
Other questions:
  • You are analyzing an office building to determine if it make sense to build it. the building and site improvements cost $145 and
    11·1 answer
  • In the _____ marketplace model, ec technology is used to streamline the purchasing process in order to reduce the cost of items
    9·1 answer
  • The government document that grants permission to establish a corporation is called a
    13·1 answer
  • The following information describes a company's usage of direct labor in a recent period. The direct labor efficiency variance i
    11·1 answer
  • Texas ranks in terms of state spending per capita and it ranks in terms of how much money it gets from the federal government
    9·1 answer
  • Which of the following is a disadvantage of government provision of a public good? A. The private sector can provide all public
    14·1 answer
  • The City of Lawrence opens a solid waste landfill in 2017 that is at 54 percent of capacity on December 31, 2017. The city had i
    5·1 answer
  • Wildhorse Games Inc. adjusts its accounts annually. The following information is available for the year ended December 31, 2022.
    9·1 answer
  • During 2019, $27,000 of cash dividends were declared and paid. A patent valued at $80,000 was obtained in exchange for land. Equ
    8·1 answer
  • If a call option has a $10 strike price, and the underlying stock is trading at $11, then the option is considered: a. in the mo
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!