The person's new salary based on the new CPI of 112 should be $30,545.
<h3>What is the consumer price index (CPI)?</h3>
The Consumer Price Index (CPI) is an aggregate measure of the average price changes over time for a market basket of consumer goods and services. The index is used by businesses, governments, and individuals to gauge the inflation trend in the economy.
Data and Calculations:
Old CPI = 110
New CPI = 112
Old salary = $30,000
New salary = $30,545 ($30,000/110 x 112)
Thus, the person's new salary based on the new CPI of 112 should be $30,545.
Learn more about the consumer price index (CPI) at brainly.com/question/24888747
The correct answer is that the price elasticity of demand is elastic.
Price elasticity occurs when a change in price results in a change in demand. In this example, a 20 percent increase in the price of the drinks resulted in a 25 percent decrease in the demand for the product. Because the price increase resulted in a demand decrease the price is elastic.
The five C's of credit<span> is a system used by lenders to gauge the creditworthiness of potential borrowers. The system weighs five characteristics of the borrower and conditions of the loan, attempting to estimate the chance of default. The five </span>C's of credit<span> are character, capacity, capital, collateral and conditions.
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The answer to this question is Response
Response is the action that taken by company after experiencing a certain stimulus from the situation in the market.
In this case, zecola response the action taken by its competitor in order to maintain it's positioning in the market
Answer:
The correct answer is letter "D": Psychological–learning.
Explanation:
Psychological learning refers to the behavior individuals acquire based on their experiences, negative or positive. It is believed events of individuals' childhood shape their personalities in the future and their attitudes in front of different situations. The school of study in charge of studying behavior is called Behaviorism.
