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cestrela7 [59]
1 year ago
11

As the price of video games is raised from $20to $25, their quantity demanded fell from 1.5 million copies to 1 million copies.

the price elasticity of demand for video games is:
a. ​-0.55
b. ​-1.8
c. ​-1.33
d. ​-2.08
Business
1 answer:
KatRina [158]1 year ago
5 0

In the following ways, demand for video games is elastic to price:

-1.33 for option (c).

Where Q and P are quantity and prices, respectively, elasticity is calculated as (Q2 - Q1)/Q1 divided by (P2 - P1)/P1. It will thus be (1-1.5)/1.5 divided by (25-20)/20. It will thus be (-0.5*20) / (1.5*5) = -1.33.

In economics, the quantity of an item that customers are willing and able to purchase at various prices during a certain time period is known as the demand. The demand curve This phrase describes the relationship between price and quantity and demand. How much of a certain product is in demand depends on a variety of factors, including perceived necessity, price, perceived quality, convenience, alternatives provided, customer preferences, disposable income, and a number of other elements.

The link between a good's quantity and its price

Learn more about demand here:

brainly.com/question/10489478

#SPJ4

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Answer:

He should have given the Japanese negotiators a menu of options including the lower price.

Explanation:

As it was already on cards that whenever you negotiate you need to have some preparation beforehand and have a complete list of options you would opt if your best options fails to be executed.

Hence, Mike should have given the Japanese a list of options so that It would be easy for them to think about the offer as well as give Mike the advantage to make his deal a success through different options. And if still the options weren't good enough for the Japanese, then Mike would only be left with the option of lowering the price but he would still had a more chance of getting his deal done if he had prepared those options as well.

Thanks.

Goodluck buddy.

6 0
3 years ago
how should we regulate emerging market arrangements such as pay for performance initiatives in healthcare
Setler79 [48]

Answer:

Do this by producing detailed images using a series with polarized glasses, that first focuses a laser light on or via an object, then conveys the image of the object to expand the created image.

Explanation:

Developing economies are those countries that transition from economies and invest in capacity-building. Developing economies mean rapid industrialization and foster care of market economics and the personality traits of social democracy.

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6 0
4 years ago
The Kelsh Company has two divisions--North and South. The divisions have the following revenues and expenses: Total North South
gizmo_the_mogwai [7]

Answer:

The correct answer is C that is $(140,000)

Explanation:

Elimination of the North Division will result in the overall net income or loss which is computed as:

Elimination of the North Division will result in the overall net income or loss = South Net Income (NI) - North's allocated costs

where

South Net Income is $100,000

North's allocated costs is $240,000

So,

= $100,000 - $240,000

= $(140,000)

Therefore, it will result in loss of $140,000

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4 0
4 years ago
When using net present value to compare projects, the total cost approach?
amid [387]

When using net present value to compare projects, the total cost approach  Is the most flexible method available to compare projects. Includes all cash inflows and outflows under each alternative.

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Producers usually define supply chain charges using the full value of ownership. the total cost of ownership is defined as the aggregate of the acquisition or acquisition fee of a great or carrier. To this, they add the extra expenses incurred earlier than or after the services or products are delivered.

The whole price formulation is used to combine the variable and fixed costs of providing goods to determine a complete. The system is total fee = (common constant value x common variable value) x quantity of gadgets produced. To use this component, you need to recognize the figures for your constant and variable fees.

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3 0
2 years ago
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AnnyKZ [126]

Answer:

They should not make the change because the price of the stocks will decrease.

Explanation:

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current price with current capital structure = $5.64 / 0.123 = $45.85

if the company changes its capital structure by increasing debt, the price of the stocks will be

$5.92 / 0.136 = $43.53

since the price of the stocks would actually decrease if the capital structure changes, the change should not be made. The stockholders' wealth is measured by the price of the stocks, and if the price of the stocks decreases, then the stockholders' wealth also decreases.

4 0
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