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1 year ago

) Studies also find that teenagers have a higher price elasticity than do adults. Why might this be true?

Business

1 answer:

Andru [333]1 year ago

5 0

This statement is true. Teenagers have a higher price elasticity than do adults.

This is because teenagers does not have much income to spend so they can shift to other products also. Teenagers are also not addict to smoking or any other habits , Therefore price affects the demand of the product.

Price elasticity is defined as the ratio of the percentage change in quantity demanded due to percentage change in price.

Elasticity having more than 1 are relatively more elastic.

Adults have more income to spent so the demand do not effects due to change in price. As adults are more addicted to smoking then teenagers ,

addicted people did not consume less due to its price change.

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When an oil cartel effectively increases the price of oil by 100% causing a shock in oil consuming countries A and B.

The FED in country A takes immediate action increasing the money supply, while FED in inflationary country B does not take any action

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<h3>What is Federal Reserve System (FED)?</h3>

The nation's central banking system is the Federal Reserve System, usually referred to as the Federal Reserve or just the Fed.

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2 years ago

Only three airlines fly from San Francisco to Medford, Oregon. No new airline will enter this market, because there are not enou

I am Lyosha [343]

Answer:

a) Oligopoly

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The oligopoly is a market structure which characterized by the presence of a few large companies producing homogeneous or differentiated products

In this market, there are few sellers plus there is also a barriers for entering the new firms in the market. Also, the prices are normally fixed in this market because due to the competitors as they are fear of price war

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3 years ago

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mixas84 [53]

Answer:

The correct answer is: multi-level marketing.

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3 years ago

a $104,000 selling price with $24,000 down at 6.5% for 25 years results in a monthly payment of: multiple choice $545.61 $554.71

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The monthly payments, given the selling price, the down payment, and the rate is, D. $540.17

<h3>How to find the monthly payment?</h3>

First, find the loan amount:

= Selling price - down payment

= 104, 000 - 24, 000

= $80, 000

The monthly payment is an annuity because it is constant. To find this annuity, find the monthly periodic rate and the number of monthly periods:

Monthly rate :

= 6.5% / 12

= 6.5%/12

The number of periods is:

= 25 x 12

= 300 months

Then put this into an annuity calculator to find the monthly payment to be:

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= 80, 000 / 148.1

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1 year ago

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