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
mixas84 [53]
1 year ago
6

if a 35 percent increase in price of golf balls led to an 42 percent decrease in quantity demanded, then the demand for golf bal

ls is
Business
1 answer:
8_murik_8 [283]1 year ago
5 0

If a 35 percent increase in price of golf balls led to an 42 percent decrease in quantity demanded, then the demand for golf balls is relatively elastic.

A relatively elastic demand is one in which a change in the price of a good or service will have an effect on the quantity required of that good or service. A product or service is typically said to as having significant price elasticity when there are numerous alternatives available.

The range of moderately elastic demand's numerical value is from one to infinity. In a market where demand is highly elastic, if a good's price goes up by 25%, demand for that good must correspondingly go down by more than 25%.

To know more about price elasticity refer to:

brainly.com/question/5078326

#SPJ4

You might be interested in
the biggest challenge facing the growth of new franchises is: A) market saturation B)competition from independent entrepreneurs
Furkat [3]

Answer:

(A) market saturation

Explanation:

A franchisee starts a new franchise by entering into a franchising agreement with a franchiser to use its brand name and sell its products. The biggest challenge faced by this new franchise is market saturation.

This occurs because<u> the presence of other similar businesses, whether franchises or independently owned businesses in the market, creates lots of competition for the new franchise.</u>

6 0
3 years ago
The safest action to take if someone claiming to be from your bank calls you to ask for account information is to
mezya [45]
Call them and tell them to not do it, if they don't listen, call the police...simple...
8 0
3 years ago
It takes Anne 3 hours to make a pie and 4 hours to make a shirt. It takes Mary 2 hours to make a pie and 5 hours to make a shirt
mina [271]

Answer:

False

Explanation:

An economic agent should specialise in the production of the good for which it has a comparative advantage in its production.

An economic agent has a comparative advantage in production if it produces at a lower opportunity cost when compared with other economic agents.

Anne's opportunity cost in pie production = 4/3=1.33

Anne's opportunity cost in shirt production = 3/4 = 0.75

Mary's opportunity cost in pie production = 5/2 = 2.5

Mary's opportunity cost in shirt production = 2/5 = 0.4

Anne has a comparative advantage in the production of pies and Mary has a comparative advantage in the production of shirts.

Anne should specialise in pie production and Mary should specialise in shirt production.

I hope my answer helps you

5 0
3 years ago
Angie owns numerous strip malls. A major tenant of one of the strip malls wanted to cancel its lease because it was moving to an
Vlad [161]

Answer:

1. To determine whether she is in the business of being a person who LEASE out property as well as what will be her TAX BASIS for the lease.

2. Ordinary income of $60,000

Explanation:

1. Based on the information given the factors that she should consider in order to determine the amount as well as the character of her income from these circumstances is to determine whether she is in the business of being a person who LEASE out property as well as what will be her TAX BASIS for the lease.

b. Based on the information given we were told that the tenant paid her the amount of $60,000 in order to cancel its obligations under the lease which means that the amount and character of her income from the cancelled lease will be ORDINARY INCOME of the amount of $60,000 which we were told the tenant paid her in order to cancel its obligations under the lease.

7 0
3 years ago
The picture is above, I’ll mark as brainliest
QveST [7]

Answer:

c

i could not see the ful image until now srry

pls give brainliest i need for new rank

Explanation:

8 0
3 years ago
Read 2 more answers
Other questions:
  • Do you think college funding should be reduced to the humanities courses ?
    13·2 answers
  • ​________ is used to describe how changes in price affect a​ consumer's purchasing​ power, and​ ________ is used to describe how
    13·2 answers
  • What flexibility assessment requires a partner?
    15·2 answers
  • Russia and china are both rich in natural resources and human resources, and both countries have a solid level of capital. yet,
    10·1 answer
  • Collin buys a fixed deferred annuity. Upon annuitization, he chooses the life annuity with period certain payout option. Collin
    12·2 answers
  • Computech Corporation is expanding rapidly and currently needs to retain all of its earnings; hence, it does not pay dividends.
    12·1 answer
  • The First Bank of Flagstaff has issued perpetual preferred stock with a $100 par value. The bank pays a quarterly dividend of $1
    11·1 answer
  • Santayana Company purchased a machine on January 1, 2011, for $20,000 with an estimated salvage value of $5,000 and an estimated
    9·1 answer
  • Which of the following companies is most likely to have a negative Cash Conversion Cycle?
    14·1 answer
  • Bakan Corporation has provided the following production and average cost data for two levels of monthly production volume. The c
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!