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VikaD [51]
3 years ago
9

If the price of good X rises and the demand for good X is elastic, then the percentage __________ in quantity demanded is ______

____ the percentage rise in price, and total revenue __________.a. fall; greater than; risesb. fall; less than; fallsc. fall; equal to; remains constantd. rise; greater than; fallse. fall; greater than; falls
Business
1 answer:
Ira Lisetskai [31]3 years ago
8 0

Answer:

e. fall; greater than; falls

Explanation:

Demand is price elastic if a small change in price has a greater effect on the quantity demanded. The coefficient of elasticity is usually greater than one which indicates that the percentage change in quantity demanded is greater than the percentage change in price.

Elasticity of demand = percentage change in quantity demanded/ percentage change in price

If demand is elastic, an increase in price leads to a fall in quantity demanded and total revenue falls.

I hope my answer helps you

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Suppose that hca and tenet were to merge. ignoring potential antitrust problems, this merger would be classified as a:
inessss [21]
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6 0
3 years ago
Clarissa want to fund a growing perpetuity that will pay $5000 per year to a local museum starting next year. she wants the annu
Akimi4 [234]

Answer:

Clarissa needs to fund the growing perpetuity by $166666.67

Explanation:

A perpetuity is an investment that will give a future series of infinite payments so if the perpetuity gives you a periodic growth rate then you find the difference between the interest rate and the growth rate then use the perpetuity formula which is:

Pv = C/(i-g)

where Pv is the present value of the perpetuity which will be the initial investment.

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g is the growth rate per fixed period which is 5%

thereafter we substitute on the above mentioned formula:

Pv= $5000/(8%-5%) then compute

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3 0
3 years ago
Data-driven decision management is usually undertaken as a way to gain a competitive advantage. A study from the MIT Center for
Ganezh [65]

Answer:

  • 4%
  • 6%

Explanation:

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They were very clear in specifying that the success of data driven management is based upon the quality of the data gathered and the effectiveness of its interpretation. Not all data gathered is useful for every corporation, so it must be properly analyzed and interpreted.

5 0
2 years ago
Details of the division of partnership income should normally be disclosed in the financial statements.a. Trueb. False
Strike441 [17]

Answer:

a. True

Explanation:

A partnership is a form of business that is owned by 2 or more people through signing of a partnership agreement. Each person is responsible for all the decisions made in the partnership and they share the net income. Details of how the net income is distributed is mentioned in the Partnership income statement. It will be divided equally among the partners as mentioned in the partnership agreement.

8 0
3 years ago
A magazine ad for Orville Redenbacher's PopCorn states that the sponsor's brand has three more cups of popcorn in every microwav
andrezito [222]

Answer:

The correct answer is letter "D": is meant to stimulate secondary demand using delayed response, product advertising.

Explanation:

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5 0
3 years ago
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