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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

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Answer:

Cost of the equipment  = $32350

Explanation:

given data

purchased equipment =  $30,000

Sales tax = $1,500

freight charges = $400

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solution

we get here Cost of the equipment that is express as

Cost of the equipment  = Purchase cost + Sales tax paid + Freight + Installation cost    .........................1

put here value and we will get

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3 years ago
A risk of marketing myopia is that sellers pay more attention to:.
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2 years ago
Sea Side Enterprises is trying to predict the cost associated with producing its anchors. At a production level of​ 5,300 anchor
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Answer:

The total cost at 9000 anchor is $473400

Explanation:

To come up with the cost equation used by the manager, we need to find the variable cost per unit.

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Thus, variable costs at production of 5300 is = 286200 - 18000 = $268200

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Total cost = 18000 + 50.60 * (9000)  = $473400

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3 years ago
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Answer:

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