1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
OlgaM077 [116]
1 year ago
7

according to the midpoint method, the price elasticity of demand for oranges between point x and point y is approximately0.05 ,

which suggests that the demand for oranges is between points x and y.
Business
1 answer:
Shtirlitz [24]1 year ago
4 0

Yes According to the Mid Point Method The degree to which customers are receptive to price changes is gauged by their price elasticity of demand.

<u>WORKING OF MID POINT METHOD</u>

Demand is considered to be elastic if consumer behaviour changes significantly in reaction to a minor change in price, as opposed to inelastic if customers alter their purchasing behaviour very little in response to a large change in price.

  • The percentage change in quantity subtracted from the percentage change in price represents the price elasticity of demand. The following formula may be used to calculate the percentage change in the number of oranges requested in this area using the midpoint method:

To learn more about Mid Point Method, Click the links

brainly.com/question/27961894

#SPJ4

You might be interested in
Does retail storage with customer pick up pose any risk for distribution network?
sukhopar [10]

Inventory cost is higher than all other options. If there are many small players at the customer stage, each requiring small amount of the product at a time.

4 0
3 years ago
Under the all-events test, in addition to specifying that all events to establish the liability must have occurred, the test als
IgorC [24]

Answer:

TRUE

Explanation:

It is true that under the all-events test, in addition to specifying that all events to establish the liability must have occurred, the test also provides that the business must be able to determine the amount of the liability with reasonable accuracy

Under Sec. 461(h), a three-prongall-events test is met when

(1) all events have occurred that establish the fact of the liability;

(2) <u>the amount of the liability can be determined with reasonable accuracy</u>; and

(3) economic performance has occurred.

8 0
3 years ago
Read 2 more answers
Which of the following organizations emerged from the Bretton Woods agreement of 1944, where a group of international leaders de
Fofino [41]

Answer:

International Monetary Fund, IMF and the World Bank

Explanation:

The Bretton Woods Agreement was negotiated in July, 1944 which established a new global monetary system. It made US dollar the global currency and replaced gold standard.

This agreement created The World Bank and International Monetary Fund (IMF) which would monitor the new monetary system.

The Bretton Wood system was dissolved in 1970's but IMF and The World Bank still exist and are strong pillars of global monetary system.

8 0
4 years ago
Emily works in an orphanage and strongly believes that what she does is important and adds real values to the lives of others. S
Allushta [10]

Answer: EMPATHY

Explanation: Empathy can be defined as the ability of an individual to understand the feelings of other individuals. It is the capacity of experiencing the difficulties that the others are facing.

In the given case, Emily works in an orphanage and believes what she do is important. Emily understands the feeling of loneliness that those orphan children experiences even though she is not an orphan herself. Hence , we can conclude that she is reflecting empathy.

3 0
3 years ago
Read 2 more answers
Find the following values for a lump sum assuming annual compounding. a. The future value of $800 invested at 7% for one year b.
Dmitrij [34]

Answer:

For the first 2 we calculate the future value:

(A)856

(B)1,122.04

(C) and (D) thre present value will be 800

Explanation:

Principal * (1+ r)^{time} = Ammount

800* (1+ 0.07)^{1} = Ammount

856

800* (1+ 0.07)^{5} = Ammount

1,122.041358

\frac{856}{(1 + 0.07)^{1} } = 800

\frac{1,122.04}{(1 + 0.07)^{5} } = 800

5 0
3 years ago
Other questions:
  • The reasons why business use team dynamic theories to understand team performance
    13·1 answer
  • F Rudy offers Oscar $200 for his laptop valued at $600 and Oscar agrees, a court will probably
    6·1 answer
  • In January 2016​, currency held by individuals and businesses and​ traveler's checks was ​$1,347 ​billion; checkable deposits ow
    11·1 answer
  • Cane Company manufactures two products called Alpha and Beta that sell for $135 and $95, respectively. Each product uses only on
    12·1 answer
  • Arjen owns investment A and 1 bond B. The total value of his holdings is 1,529 dollars. Investment A is expected to pay annual c
    5·1 answer
  • Fong Sai-Yuk Company sells one product. Presented below is information for January for Fong Sai-Yuk Company.
    13·1 answer
  • A The following section is taken from Blossom's balance sheet at December 31, 2021.
    5·1 answer
  • In the _____ stage of the advertising development process, Fallon account managers and clients must set the campaign budget. Cam
    5·1 answer
  • How do bonds earn income
    13·1 answer
  • Cash flows from __________ activities are the cash flows from transactions that affect the net income of a company.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!