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nikklg [1K]
3 years ago
6

Which of the following is likely to have the most price elastic demand?a. ice creamb. frozen yogurtc. vanilla ice creamd.Häagen-

Dazs® vanilla bean ice cream
Business
1 answer:
zepelin [54]3 years ago
3 0

Answer:

Haagen-Dazs vanilla bean ice cream

Explanation:

Demand is said to be most elastic if a slight change in price leads to a drastic change in quantity demanded. Normal goods are least elastic as increase in price does not lead to tremendous decrease in price.

However, luxury goods are most elastic as these goods are preferred when their prices are lower. They are not essential. As such, demand falls drastically in case of rise in price. So, Haagen-Dazs ice cream would have most price elasticity as this is a luxury good and rest of the items are normal goods.

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Suppose a hypothetical economy is currently in a situation of deficient aggregate demand of $16 billion. Four economists agree t
GarryVolchara [31]

Answer:

Economist A

Government spending multiplier $4billion

Tax multiplier $8billion

Economist B

Government spending multiplier $8billion

Tax multiplier $2billion

Explanation:

Computation for the amount the government would have to increase spending to close the output gap according to each economist's belief

ECONOMIST A

Government spending multiplier=16/4

Government spending multiplier=$4billion

Tax multiplier=16/2

Tax multiplier=$8billion

ECONOMIST B

Government spending multiplier=16/2

Government spending multiplier=$8billion

Tax multiplier=16/8

Tax multiplier=$2billion

Therefore the amount the government would have to increase spending to close the output gap according to each economist's belief are :

ECONOMIST A

Government spending multiplier=$4billion

Tax multiplier=$8billion

ECONOMIST B

Government spending multiplier=$8billion

Tax multiplier=$2billion

5 0
3 years ago
What are two examples of high-tech industries?
-BARSIC- [3]

Answer:

Idk if this is the right answer but I Google it and I got virtual reality/artificial intelligence and autonomous vehicles

4 0
3 years ago
A company had average total assets of $955,000. Its gross sales were $1,108,000 and its net sales were $940,000. The company's t
Natali5045456 [20]

Answer:

It is 0.98

Explanation:

Total Assets Turnover Ratio(TATR) =   <u>   Net Sales                </u>      

                                                            Average Total Assets

Net Assets =Gross Sales-Trade discounts-Sales tax-Sales return

TATR = 940,000/955,000 = 0.98 times

It is the ratio of a company's net sales to its average assets employed.

It is a ratio that tells how efficient the company is using its assets to generate its revenue.

The drawback of this ratio is that, if the divisional manager performance is based on this, it may sometimes leads to short-term view of performance. This  may then encourage dysfunctional behaviour which may include refusal to replace an old assets with lower based value which when replace may reduce this ratio because of the higher based value of the new assets while sales still remain the same

6 0
3 years ago
Both Nadia and Samantha are applying to insure their car against theft. Nadia lives in a secure neighborhood, where the probabil
Sergio039 [100]

Answer:

Option B

Explanation:

Both Nadia and Samantha have insured their cars and willing to pay $100 over the expected loss for insurance. If the car is stolen the company would pay expected loss and would earn nothing and if the car is not stolen the company would not be liable for any loss and would earn $200, Therefore the company would earn between $0 and $200.

3 0
3 years ago
What gives rise to the problem of scarcity?​
horsena [70]

Answer: I honestly have no idea im just stupid and i need points so yea im sry bye

Explanation:

5 0
3 years ago
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