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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

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An oil cartel effectively increases the price of oil by 100% causing a shock in oil consuming countries A and B. The FED in coun
Ann [662]

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

In this case, in long term "Both countries return to their long-term stable equilibrium, but country A will remain with a higher price level than country B".

<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.

The Fed offers a secure, adaptable, and stable monetary and financial system to the nation.

The Fed's primary responsibilities include-

  • overseeing and regulating banks,
  • implementing national monetary policy,
  • preserving financial stability, and
  • offering banking services.

Therefore, to better understand the effects of financial services laws and practices on customers and communities, the Federal Reserve promotes supervision, community reinvestment, and research.

To know more about  monetary policy, here

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3 0
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

Explanation:

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

So in the given question, it indicated the oligopoly scenario

8 0
3 years ago
In ___________, salespeople are independent contractors who not only sell the product, but also recruit additional salespeople.
mixas84 [53]

Answer:

The correct answer is:  multi-level marketing.

Explanation:

Multi-level marketing (MLM) is appealing for workers because there is tremendous potential to make money and low entry costs. It is a business strategy in which salespeople recruit other individuals to sell products or services for them in order to earn a portion of their sales in addition to their own sales.

6 0
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
stellarik [79]

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:

= Loan amount / Annuity factor

= 80, 000 / 148.1

= $540.17

Find out more on monthly payment at brainly.com/question/27926261

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4 0
1 year ago
The operational design of an illicit drug business can be divided into four stages of production and distribution: cultivation,
vesna_86 [32]
Retail distribution

The illegal drug business or trade primarily consists of the cultivation, manufacture, distribution and sales of prohibited drugs.

Cultivation and manufacture involves planting and harvesting prohibited drugs from plant sources (e.g. opium or marijuana) and processing the plant raw materials to produce the final product. For synthetic drugs, manufacture entails securing (sometimes by importation) of the chemicals required for the production of a certain drug (e.g. methamphetamine). Importation of the raw materials or final products might also be necessary to meet the demands.

With the final product at hand, the next step is to distribute and sell the drugs -- wholesale or retail. Wholesale distribution and sales involve large amounts (in bulk) of the illegal drugs while retail involves smaller amounts.  
5 0
3 years ago
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