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
What are examples of business, management, and administration careers?
Genrish500 [490]
<h2>Answer</h2>
  • Sales Manager
  • General Manager
  • Head of Administration
<h3>Explanation</h3>

Mentioned are some of the careers that fall in the stated categories. Business would include any career related with the field of finance, marketing, supply chain, distribution and so on. Management is more connected with positions where resources has to be managed and administration is one of the types of management.

3 0
3 years ago
Read 2 more answers
What is the most efficient level of output and correponding marketer-hours in the short-run?
algol [13]

The most efficient level of output and corresponding marketer hours in the short-run is capital for a time period of fewer than four-six months.

The short run is an idea that within a certain time period, at least one input is fixed while others remain variable. In the short run, firms face both variable and fixed costs, which means that wages, output, and prices do not have full freedom to reach a new equilibrium.

In the short run one factor of production, for instance capital is fixed. This is a time period of fewer than four-six months. In the short run, the firm should increase output as long as marginal revenue exceeds marginal cost, and reduce output if marginal revenue is less than marginal cost.

Hence, in the short run, a firm decides how much output to produce in the current facility.

To learn more about short-run here:

brainly.com/question/27240264

#SPJ4

7 0
2 years ago
6.You now have the agreement with the company and will sign the contract as you and the company are satisfied with the contract
Alex_Xolod [135]

A- Gather information

B- Manage concessions

C- Manage time

D- Build the relationship

7.You and the other party have either come to an agreement on the terms, or one party has decided that the final offer is unacceptable and therefore must be walked away from. Most negotiators assume that if their best offer has been rejected, there’s nothing left to do. You made your best offer and that’s the best you can do. This represent which of the negotiation process element?

A- Gather information

B- Manage concessions

C- Manage time

D- Build the relationship

8.Assemble the information you’ve gathered in a way that supports your position. You can present facts that show what you will contribute to the organization in the future, which in turn demonstrates your value. This represent which of the negotiation process element?

A- Gather information

B- Manage concessions

C- Manage time

D- Build the relationship

5 0
3 years ago
Helmway company purchased equipment and these costs were incurred: cash price $21,500 sales taxes $1,800 insurance during transi
Artyom0805 [142]
Presto will record the acquisition cost of the equipment as $22,250 (21,500+430+320) which is the total cost for making the fixed asset ready for operation. The Generally accepted accounting principle requires a company to record all of the acquisition cost of a fixed asset. Thus, Presto company must capitalize all cost related to the fixed asset.
5 0
3 years ago
290. Many states, in search of industries that are clean, fast-growing, and pay good wages to skilled workers, are trying to att
hammer [34]

Answer: C. clean and fast-growing and that pay

Explanation:

3 0
3 years ago
Other questions:
  • Dextra Computing sells merchandise for $6,000 cash on September 30 (cost of merchandise is $3,900). Dextra collects 5% sales tax
    5·1 answer
  • Hamrick Industries makes and sells two products. The demand for both products is unlimited. Product A has a contribution margin
    8·2 answers
  • how does money solve the problem of double coincidence of wants? explain with an example of your own.​
    10·1 answer
  • Suppose that you own a house. what is the opportunity cost of living in the house
    10·1 answer
  • Jack has recently been hired as a risk management professional for Blithe Corporation. Blithe has a risk management program in p
    12·1 answer
  • Write the importance of a business operating plan​
    6·2 answers
  • When the strong dictatorial rule in Arlington unexpectedly collapsed due to the shocking death of the royal family in an explosi
    8·1 answer
  • At what point should consumers stop researching a product?
    13·2 answers
  • Your company is building a new office site in a different state. You want to show your board members the progress of constructio
    13·1 answer
  • When a country imposes tariffs, it is likely to cause
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!