Answer:
-0.33
Explanation:
The calculation of the price elasticity of demand using mid point formula is shown below:
= (change in quantity demanded ÷ average of quantity demanded) ÷ (percentage change in price ÷ average of price)
where,
Change in quantity demanded is
= Q2 - Q1
= 80 units - 100 units
= -20 units
And, the average of quantity demanded would be
= (80 units + 100 units) ÷ 2
= 90 units
Change in price is
= P2 - P1
= $2 - $1
= 1
And, the average of the price is
= ($2 + $1) ÷ 2
= 1.5
So, after solving this, the price elasticity of demand is -0.33
Answer:
A-month
Explanation:
by revising it monthly, it is the most up to date and can be consistently helpful to you as well as organized.
Answer:
Consider the following explanation
Explanation:
False statement are as follows,
A) It is designed to minimize the maximum possible travel distance to any location
This statemet is false
Explanation- Center of gravity has nothing to do with travel distance or any kind of diisplacement. Following sentence is used in cargo industry ffor effieicent transportation.
C) And D) Are also false
Explanation- They are also a part of cargo management hence cannot be used in center of gravity method.
Only Option B) Is correct
Answer:
E-commerce facilitates the fundamental movement of goods from suppliers to customers. They offer an ideal commerce development to do digital business and improve the global presence. E-commerce has altered the workflow of the business
