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GenaCL600 [577]
1 year ago
13

The demand for ski rentals falls when the price of lift tickets increases. This is an example of?

Business
1 answer:
romanna [79]1 year ago
5 0

The demand for ski rentals falls when the price of lift tickets increases. This is an example of Price Elasticity of demand.

<h3>What Is Price Elasticity Demand?</h3>

This refers to the relationship between the price of a commodity relative to the demand of that same commodity.

  In other words Price elasticity of demand  is a measure of how sensitive the quantity demanded is to its price.

 

   When the price increase, quantity demanded for such product decreases. It is important to note that the fall in prices of some product is more than the others.

Learn more about Price Elasticity of Demand at brainly.com/question/5078326

#SPJ1

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The depreciation deduction for year 11 of an asset with a 20-year useful life is $4,000. If the salvage value of the asset was e
PtichkaEL [24]

Answer:

The answer is $80,000

Explanation:

The formula for straight-line depreciation is:

[Cost of asset - salvage value(if any)] ÷ useful life of the asset

Depreciation = $4,000

Cost of asset= ? (represented by y)

Useful life of the asset = 20 years

$4,000 = y ÷ 20 years

y is $4,000 x 20 years

y = $80,000

Therefore, the initial cost of the asset was $80,000

7 0
3 years ago
Good Firm is highly profitable and will grow rapidly in the future. Bad Firm faces the same risks but barely makes a profit and
RideAnS [48]

Answer: B.both stocks are equally good investments

Explanation:

The options are;

A.it is better to buy shares in Bad Firm

B.both stocks are equally good investments

C.it is better to buy shares in Good Firm

D.both stock prices react equally to the same information

From the question, we are informed that Good Firm is highly profitable and will grow rapidly in the future while Bad Firm faces the same risks but barely makes a profit and will not grow at all. It should be noted that In an efficient market, both stocks are equally good investments.

3 0
3 years ago
Which type of tax analytics provide insight creating a trend analysis for sales and use tax paid in different locations would he
sashaice [31]

Based on the information given, it can be inferred that the type of tax that is illustrated is known as the <u>diagnostic analytics.</u>

Diagnostic analytics simply means a form of advanced analytics that is vital for the examination of data in order to be able to answer the question "why did it happen?"

It should be noted that diagnostic analytics takes a deeper look at the datas in order to understand the causes of events and to help answer some workforce questions.

Read more about tax on:

brainly.com/question/25815069

6 0
2 years ago
Banks are a stabilizing force in our entire financial system. Discuss two of the three primary function of the banking system.
Illusion [34]

Answer: Banks transfer money from savers to borrowers by holding deposits and lending excess reserves. Banks also create money by making loans of excess reserves.

Explanation: Those are two primary functions.

7 0
3 years ago
This graph shows the marginal costs of each pair of
lorasvet [3.4K]

Answer:

Pair 4

Explanation:

Has the lowest marginal cost

7 0
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