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tino4ka555 [31]
1 year ago
11

) 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.

To know more about price elasticity:

brainly.com/question/13565779

#SPJ1

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Lady bird [3.3K]

Answer:

1) Not hiring the right people. Generally speaking, the quality of the customer service you provide largely depends on the quality of the people you hire. ...

2) Lack of training. ...

3) Lack of belief in the product or the company. ...

4) Lack of respect for the customer. ...

5) Lack of empathy.

Explanation:

7 0
3 years ago
What is the most common method of distribution for consumer products and services? For industrial products and services?
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Answer:

expensive cookware, meat, and cosmetics are sold this way. manufacturer/producer directly to industrial users. this is the most common method of distribution for major equipment used in manufacturing and other businesses. the manufacturer's sales force calls on the industrial user to sell goods or services.

6 0
3 years ago
An investment adviser structured as a partnership lends money to a customer to buy recommended securities. Under NASAA's Model R
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A) acceptable, provided the securities are used as collateral for the loan and the loan conforms to the provisions of Regulation T.

B) acceptable, provided the loan is made under the provisions of Regulation T of the Federal Reserve.

C) unethical.

D) acceptable, provided the securities are used as collateral for the loan.

Answer: Unethical

Explanation: Based on the model and policy of the North America Securities Administrator's Association, the investment adviser cannot lend money to a customer to purchase recommended securities under the guise of being partners, such behavior is deemed UNETHICAL and in violation of the rule binding the practices and investment advisers and investment adviser representatives.

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5 0
3 years ago
A bag contains 9 red marbles, 5 white marbles, and 6 blue marbles. You draw 4 marbles out at random, without replacement. Find t
IRINA_888 [86]

a) 0.0260

b) 0.0681

Explanation:

a)

The bag contains:

r = 9 (number of red marbles)

w = 5 (number of white marbles)

b = 6 (number of blue marbles)

So, the total number of marbles in the bag at the beginning is:

n=9+5+6=20

At the 1st attempt, the probability of choosing a red marble is:

p(r)=\frac{r}{n}=\frac{9}{20} (1)

At the 2nd attempt, the 1st red marble is not placed back, so now the number of marbles is (n-1), while the number of red marbles left is (r-1). So the probability of choosing another red marble at the 2nd attempt is

p(r)=\frac{r-1}{n-1}=\frac{8}{19} (2)

With a similar argument, the probabilities of selecting a red marble in the 3rd and 4th attempt are

p(r)=\frac{7}{18} (3)

p(r)=\frac{6}{17} (4)

Therefore, the probability of drawing 4 red marbles in the first 4 attempts without replacing is:

p(rrrr)=\frac{9}{20}\frac{8}{19}\frac{7}{18}\frac{6}{17}=\frac{3024}{116280}=0.0260

b)

At the 1st draw, the probability that the marble is not red is:

p(r^c)=1-p(r)=1-\frac{9}{20}=\frac{11}{20}

At the 2nd draw, there are 9 red marbles left and 19 total marble left. So, the probability of NOT drawing a red marble is:

p(r^c)=1-\frac{9}{19}=\frac{10}{19}

At the 3rd draw, there are 9 red marbles left and 18 total marbles left. So, the probability of NOT drawing a red marble is:

p(r^c)=1-\frac{9}{18}=\frac{9}{18}

Finally, with a similar argument the probability of NOT drawing a red marble at the 4th and last attempt is:

p(r^c)=\frac{8}{17}

So, the total probability of drawing 4 non-red marbles in the first 4 attempts is:

p(r^cr^cr^cr^c)=\frac{11}{20}\frac{10}{19}\frac{9}{18}\frac{8}{17}=\frac{7920}{116,280}=0.0681

6 0
3 years ago
Suppose the following information was taken from the 2014 financial statements of FedEx Corporation, a major global transportati
MatroZZZ [7]

Answer:

Please see attachment

Explanation:

Please see attachment

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