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
yuradex [85]
1 year ago
7

Consider some determinants of the price elasticity of demand: The availability of close substitutes Product's share of the consu

mer's total budget A good with many close substitutes is likely to have relatively demand, since consumers can easily choose to purchase one of the close substitutes if the price of the good rises. The price elasticity of demand for a good depends on the price relative to consumers' income. Which of the of flowing goods has the most elastic demand? Shoes Car Swing set Coffee
Business
1 answer:
frez [133]1 year ago
7 0

The main factors influencing a commodity's price elasticity of demand are as follows: 1. The presence of substitutes 2. The sum of consumer spending 3. The Products' Complementarity.

The main factors influencing a commodity's price elasticity of demand are as follows: 1. The presence of substitutes 2. The sum of consumer spending 3. A product's number of applications 4. The Products' Complementarity 5. Time and elasticity. The most important factor influencing price elasticity of demand is the availability of diverse kinds and quantities of substitutes for a particular commodity or service. If a commodity has close substitutes, its demand is probably elastic. The demand for such an item will be greatly diminished if its price rises because consumers will switch to similar substitutes.

With increasing substitutability, something's price elasticity of demand rises.

To know more about consumer click here:

brainly.com/question/27773546

#SPJ4

You might be interested in
The management of Truelove Corporation is considering a project that would require an initial investment of $321,000 and would l
Art [367]

Answer:

2.6 years

The appropriate response to carry out the project if the payback period is within the acceptable payback period of the company

Explanation:

Payback period calculates the amount of the time it takes to recover the amount invested in a project from its cumulative cash flows.

Payback period = amount invested / cash flow

Cash flows is used in calculating the payback period.

To derive the payback period from net income, add depreciation to net income

$82,000 + $42,000 = $124,000

$321,000 / $124,000 = 2.6 years

I hope my answer helps you

4 0
3 years ago
Campbell's has been marketing soup in Japan for more than 40 years. Early on, Japanese consumers were not receptive to ads featu
Alex

Answer:

D, product-communication adaptation

Explanation:

Product adaptation can be defined as the process of modifying a product to make it useful for a variety of users.

Communication adaptation can also be defined as the change in a product's communication as a result of a change in product strategy.

Product-communication adaptation can be defined as the modification of a product for a variety of users but ensuring that the marketing of the product is through standard communication channels.

In the case of Campbell adapted his product to look like M'm M'm Good product but ensured that he used a standard communication channel (ads) to market his product.

Cheers.

6 0
3 years ago
When estimating the cost of equity by use of the bond-yield-plus-risk-premium method, we can generally get a good idea of the in
diamong [38]

Answer: True

Explanation: <em> Bond-yield-plus-risk-premium method is used if the entity has publicly listed debt, shapes the bond return. This is therefore effective interest on a organization's long-term debt. </em>

<em>Here equity risk premium approximation can be extremely imprecise,  also fluctuating disorderly, depending on which framework is used.</em>

6 0
3 years ago
Explain the value of applying the recency/fre- quency/monetary assessment to an organization's cus- tomer database Is it possibl
maks197457 [2]

Answer:

RFM stands for Recency, Frequency, and Monetary value, each corresponding to some key customer trait. These RFM metrics are important indicators of a customer's behavior because frequency and monetary value affects a customer's lifetime value, and recency affects retention, a measure of engagement.03-Jun-2021

4 0
2 years ago
An investor is in a 30% combined federal plus state tax bracket. If corporate bonds offer 9% yields, what yield must municipals
Yuki888 [10]

Answer:

0.063 or 6.3% (or more)

Explanation:

Given:

Combined Tax Bracket = 30% = 30/100 = 0.30

Yields of corporate Bonds = 9% = 9/100 = 0.09

Yield to Shift Investors to choose municipal bonds = ?

Calculation:

Yield from corporate bond = (After tax yield) x Yield rate of corporate Bonds

                                              = (0.70) x (0.09)

                                              = 0.063 or 6.3%

Working note:

After tax yield = (1 - tax rate )

After tax yield = (1 - 0.30 )

After tax yield = (0.70)

so, they must give 6.3% yield

7 0
3 years ago
Other questions:
  • J Corporation has gathered the following data on a proposed investment project (Ignore income taxes.): Investment required in eq
    6·1 answer
  • Pepper Company is using the annual rate of return to evaluate a potential investment. The original investment required is $120,0
    12·1 answer
  • Merchant Company had the following foreign currency transactions: On November 1, 20X6, Merchant sold goods to a company located
    11·1 answer
  • Executive Solutions is a strategy consulting firm. Other than the senior leadership (who manage the firm, but do not actively co
    14·1 answer
  • When comparing different forms of advertising, the property manager should realize that A) trade journals are ineffective for re
    8·1 answer
  • This document summarizes why the project is important by describing the benefits of a selected component, and is used as a basis
    12·1 answer
  • ________ are persons who act as catalysts and assume the responsibility for managing refinement activities.A) Early adoptersB) F
    11·1 answer
  • While approaching a group of colleagues, Patrice overheard what she believed were inappropriate comments about another team memb
    10·1 answer
  • Tony's marginal income tax rate is 24%, and he pays FICA tax on his entire salary (7.65%). Tony's employer offered him a choice
    15·1 answer
  • _ is a method of measuring the effectiveness of altering one characteristic of a marketing asset such as a web page, a banner ad
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!