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
lisov135 [29]
3 years ago
10

If the price elasticity of demand is 1.8 then a 30 percent decrease in the price of the good will lead to a _______ percent incr

ease in the quantity demanded.
Business
1 answer:
Mkey [24]3 years ago
3 0

Answer:

The answer is 54percent

Explanation:

Elasticity is a measure of how sensitive one variable is to any variable. It is expressed as the ratio of percentage changes in variables.

That is; %change in quantity demanded/%change in price.

This calculation shows how sensitive quantity demanded is to a change in price.

In the question, price elasticity of demand is 1.8

30 percent decrease in price

Therefore, the quantity demanded will increase by 30percent x 1.8

=54percent

You might be interested in
During the current year, Corporation G received $30,000 in dividends from a 60%-owned taxable domestic corporation. G received n
Leni [432]

Answer: 8,950 hope this helps can you plz tell me if it wong so i  can se what i did wong

Explanation:

7 0
3 years ago
Which of the following is NOT true of credit cards? AThey offer the highest level of fraud protection. BThey are the best paymen
choli [55]
A because you can get your card stolen from you
4 0
3 years ago
Read 2 more answers
When making financial decisions, it is important that you critically evaluate the source.
svetoff [14.1K]
Hello,

Here is your answer:

The proper answer is option A "true". It is extremely important to find the source of the information because the source could not be verified (which means its giving false information).

Your answer is A.

If you need anymore help feel free to ask me!

Hope this helps!
7 0
3 years ago
Read 2 more answers
In 2019, Jonathan pays real estate taxes of $18,000 and New York State income taxes of $17,000. Assuming he itemizes, what deduc
-Dominant- [34]

Answer: $28,000

Explanation:

Jonathan can deduct both the real estate taxes and the state income taxes but the Tax Cuts and Jobs Act cut the deduction one can claim on State and Local taxes to $10,000 from 2018 to 2025.

The total deduction Jonathan can claim is therefore:

= Real estate taxes + Capped state income tax

= 18,000 + 10,000

= $28,000

6 0
3 years ago
The Gargus Company, which manufactures projection equipment, is ready to introduce a new line of portable projectors. The follow
maksim [4K]

Answer:

The correct answer is $780.

Explanation:

As per the data given in the question,

Markup percentage = 30%

Total cost = $270 + $135 + $90 +$105

= $600

We can calculate the price by using following formula:

Price = Total cost + (Total cost × markup %)

by putting the value, we get

Price = $600 + ( $600 × 30% )

= $600 + $180

= $780.

Hence, the price that company charge will be $780.

5 0
3 years ago
Other questions:
  • The owner of Fido's Pet Supplies wants to know how much dry dog food to stock in her new location. On her customer questionnaire
    6·1 answer
  • Tech Performance, Inc., completes programming and other tech services for Uno IT Products Corporation. When Uno IT’s computer sy
    8·1 answer
  • When searching for research on line, one should make sure the information is _________________ to your topic?
    6·1 answer
  • What are the benefits and risks of changing the packaging of the tic tac product? profile the tic tac consumer. if ferrero were
    7·1 answer
  • It is necessary to balance your checking account each month<br><br> true<br> false
    7·2 answers
  • Robert owns a $214,000 town house and still has an unpaid mortgage of $150,000. In addition to his mortgage, he has the followin
    10·1 answer
  • According to Gardner, intelligence can be measure by a person having
    14·2 answers
  • Problem 9-41 (LO. 5)
    12·1 answer
  • Which of the following most directly made possible the ideas described in the excerpt? The emergence of monopolies that dominate
    11·1 answer
  • What does total number of allowances you are claiming mean.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!