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
zhannawk [14.2K]
1 year ago
12

if customers buy a quantity of seven products per week, regardless of the price, the numeric value of the price elasticity of de

mand for the product is:_________.
Business
1 answer:
RideAnS [48]1 year ago
5 0

If customers buy a quantity of seven products per week, regardless of the price, the numeric value of the price elasticity of demand for the product is zero.

<h3>What is the price elasticity of demand?</h3>

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

Price elasticity of demand = percentage change in quantity demanded / percentage change in price

When a person purchases the same quantity of a good regardless of the price, it means that demand is perfectly inelastic. Perfectly inelastic demand means that the same quantity of a good is bought regardless of the price. Essential goods usually have a perfectly inelastic demand.

To learn more about price elasticity of demand, please check: brainly.com/question/18850846

#SPJ1

You might be interested in
The balance sheet category "Intangible Assets" includes:
AnnyKZ [126]

Answer:

b. patents, trademarks, and franchises. 

Explanation:

Intangible assets are assets that aren't physical, they cannot be seen.

Examples of intangible assets are goodwill, patents, trademarks, and franchises. 

8 0
3 years ago
Joseph wants to open up a skateboard shop with his cousin Billy. He would like for them to own and operate the shop equally. Wha
Olegator [25]

This would be a general partnership because both parties are responsible equally.

6 0
3 years ago
Read 2 more answers
A customer is interested in purchasing new furniture for their living room. Using a mobile phone, the customer opens a special a
Kaylis [27]

When a customer who wants to buy new furniture for his living room uses his mobile phone and opens an app that uses the camera to overlay different furniture options, this is a type of technology corresponding to augmented reality.

<h3 /><h3>Augmented reality technology</h3>

It is based on the interaction of the user of the virtual world with the real world, through perceptual information generated by a computer, which transmits sensorial modalities, creating an experience of the virtual environment closer to reality.

Therefore, the use of augmented reality can generate greater business innovation, generating greater value for the consumer through faster and more effective interaction and shopping experience and service.

Find out more information about augmented reality here:

brainly.com/question/9054673

8 0
2 years ago
Suppose the inflation rate is 2% per year. If you currently think of $40,000 as an acceptable retirement income and are expectin
Svetllana [295]
40,000x(1.02^40)=$88,322
3 0
3 years ago
7. John earned $2,500 as a life guard over the summer. This was his only job and income taxes were deducted from his paychecks b
guapka [62]
My answer is choice d.
7 0
3 years ago
Other questions:
  • Prepare the journal entry to record Zende Company’s issuance of 66,000 shares of $5 par value common stock assuming the shares s
    11·1 answer
  • Classifying Cash Flows - Identify whether each of the following would be reported as an operating, investing, or financing activ
    15·1 answer
  • only a monopolistically competitive firm operates at its efficient scale. both a perfectly competitive firm and a monopolistical
    9·1 answer
  • The paying of a fee to use another firm�s name, resources, and operating systems is called __________.
    6·1 answer
  • Which is a technique advertisers employ to increase consumer demand for their goods and services?
    9·1 answer
  • Assuming that ATCHULO Company Ltd is committed to the current design, how would you improve it?
    7·1 answer
  • Goods sold to Mahesh Rs 20000 journal entries​
    15·1 answer
  • Helen spent the last 85 days of 2020 in a nursing home. The cost of the services provided to her was $27,625 ($325 per day). Med
    7·1 answer
  • Journal entries of hari started business with cash and goods​
    7·1 answer
  • If there is allocative efficiency in a purely competitive market for a product, the maximum price consumers are willing to pay i
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!