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
Marysya12 [62]
2 years ago
10

If the price elasticity of demand for a product is -2.5, then a price cut from $2.00 to $1.80 will _________ the quantity demand

ed by about ________.
Business
1 answer:
UkoKoshka [18]2 years ago
6 0

If the price elasticity of demand for a product is -2.5, then a price cut from $2.00 to $1.80 will <u>increase </u>the quantity demanded by about  <u>2.5%</u>.

Price elasticity of call for is a measurement of the trade in the intake of a product on the subject of exchange in its price. Expressed mathematically, it's miles: charge Elasticity of demand = percent trade-in quantity Demanded / percentage trade-in rate.

we are saying a great is price elastic whilst growth in prices causes a bigger % fall in demand. e.g. if fee rises 20% and demand falls 50%, the PED = -2.five. Examples consist of Heinz soup.

Learn more about Price elasticity here: brainly.com/question/24384825

#SPJ4

You might be interested in
Lueckenhoff Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labo
anastassius [24]

Answer:

C. $9.50 per direct labor-hour

Explanation:

The computation of the predetermined overhead rate is shown below:

Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours)

where,

Total estimated manufacturing overhead equals to

= Total fixed manufacturing overhead cost + Direct labor hours × variable manufacturing overhead per direct labor-hour

= $497,000 + 70,000 × $2.40

= $497,000 + $168,000

= $665,000

And, the direct labor-hours is 70,000  

So the rate is equal to

= $665,000 ÷ 70,000

= $9.5 per direct labor-hour

4 0
3 years ago
Olive Maccones dies without a will. She has three sons and seven grandchildren. She owned a substantial amount of property. What
navik [9.2K]

Answer:

The property will be transferred according to the Statute of Descent and Distribution.

Explanation:

Intestacy is the situation where a person dies without leaving a will for the sharing of his estate.

When this happens the descent and distribution statute comes into play.

The heirs or next of kin are beneficiaries to the estate. Heirs can be be blood relatives, adopted children, adopted parent, or surviving spouse.

The line of descent is the order of beneficiaries that are from an ancestor. The line of descent can be direct such as sons, or collateral such as cousins.

In this case where Olive Maccones dies without a will and she has three sons and seven grandchildren, her estate will be distributed by a court based on the line of descent of her sons and grandchildren.

6 0
3 years ago
The nation of Ectenia has 20 competitive apple orchards, which sell apples at the world price of $2 per apple. The following equ
Phoenix [80]

The  market's labor demand is L=500−2.5W

Since labor demand as a function of the daily wage is L 50-0.25W.

Hence,

The individual labor demand curve is: L=50−0.25W

Now let determine The market labor demand curve

The market's labor demand is :

L=10(50−0.25W)

L=500−2.5W

Inconclusion The market's labor demand is L=500−2.5W

Learn more about market's labor demand here:

brainly.com/question/13540328

4 0
2 years ago
A project requires a purchase of $1,000,000 in equipment, inventory will increase by $200,000, and accounts payable will increas
Snezhnost [94]

Answer:

The aggregate investment of the project is $1,000,000

Explanation:

Total or the aggregate investment is the term which is described as the amount of money which a person or a company needed or required to complete the task, work or the project.

In this situation, the project needed a purchase of equipment which is worth $1,000,000 due to which there is increase in inventory as well as increase in accounts payable. Therefore, the total investment amounts to $1,000,000.As the equipment is the necessary item in order to complete the project and due to which the inventory rise and also the equipment is purchased on credit because of which the accounts payable also increase.

4 0
3 years ago
The study of the characteristics of human populations such as size, density, age, race, gender, and income is known as.
algol [13]

The study of the characteristics of human populations such as size, density, age, race, gender, and income is known as Standard of living.

<h3>What is standard of living?</h3>

Standard of living refers toincome, comfort, out put or goods, population, gender, race and necessities of certain classes in some areas or characteristics of quality of life in a place.

The standard of living is measured by Gross domestic product per capital. That is GDP divided by population.

Gross domestic product(GDP) is the total number of goods produced in a nation per year.

Therefore, The study of the characteristics of human populations such as size, density, age, race, gender, and income is known as Standard of living.

For more details on standard of living check the link below.

https://brainly.com/question/930000.

6 0
2 years ago
Other questions:
  • Creighton Company reported the following on the company's income statement for the year. Interest expense $600,000 Income before
    5·1 answer
  • When XYZ firm entered the market for good A two years​ back, it kept the price of its product low to attract customers away from
    13·1 answer
  • A seller uses a perpetual inventory system, and on April 17, a customer returns $1,000 of merchandise previously purchased on cr
    12·1 answer
  • Wayne Company is considering a long-term investment project called ZIP. ZIP will require an investment of $142,104. It will have
    10·1 answer
  • An import quota or tariff on French wine that raises the prices for wine will probably: Select one: a. hurt domestic wine drinke
    6·1 answer
  • Hochberg Corporation uses an activity-based costing system with the following three activity cost pools: Activity Cost Pool Tota
    14·1 answer
  • A family with an income of 70,000 receives a raise of 2% in a year when inflation is 5%. Find the decrease in purchasing power.
    13·1 answer
  • What are four ethical character traits
    8·1 answer
  • Name any three (3) tests that Hornbill Holdings can use to assess the graduates
    14·1 answer
  • A city government is considering raising the local income tax to pay for improvements to government facilities. a private citize
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!