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
leonid [27]
3 years ago
5

Consider the following demand schedule for bags. Price Quantity ​$99 5252 ​$1111 4848 ​$1313 4040 When the price of bags rises f

rom ​$99 to ​$1111​, the price elasticity of demand is approximately nothing. ​(Calculate using the midpoint​ formula, round your answer to one decimal​ place, and enter a​ "-" if your answer is​ negative.)
Business
1 answer:
omeli [17]3 years ago
4 0

Answer:

PED= "0.1"

Explanation:

The price elasticity of demand indicates how the quantity demanded changes when the price changes. Is defined by this equation:

Price Elasticity of Demand(PED)= Percentage change in Q (Δ%Q)/ Percentage change in P (Δ%P) .

To fine the percentage change in Q and in P we use the midpoint formula:

Δ%Q= q2-q1/(q2+q1/2)

Δ%Q= 4848-5252/(5252+4848/2)

Δ%Q= -404/5050

Δ%Q= -0.08

Δ%P= p2-p1/(p2+p1/2)

Δ%P= 1111-99/(1111+99/2)

Δ%P= 1012/605

Δ%P= 1,672

PED=-0.08/1,672

PED= -0.047

Rounded to one decimal place:

PED= "0.1"

You might be interested in
Incite co. has a 36 percent tax rate. its total interest payment for the year just ended was $35 million. what is the interest t
butalik [34]
<span>Tax shield is the saving in tax due to exemption of tax on interest expense = interest expense * tax rate = $35 million * 36% = $ 12.6 million</span>
4 0
3 years ago
Which of the following statements about high-LPC leaders is most likely true?
Lapatulllka [165]

Answer:

D. They are primarily satisfied by establishing and maintaining close interpersonal relationships.

6 0
3 years ago
If the market risk premium increased to 6%, what would happen to the stock's required rate of return
Inessa [10]

Answer:

13%

Explanation:

As per the situation the solution of required rate of return first we need to find out the beta which is shown below:-

Expected rate of return = Risk-free rate of return + Beta × (Market rate of return - Risk-free rate of return)

11% = 7% + Beta × 6%

Beta = 1

now If the market risk premium increased to 6% so,

The required rate of return = 7% + 1 × 6%

= 13%

Therefore for computing the required rate of return we simply applied the above formula.

7 0
3 years ago
Customers are likely to be more price sensitive when
Murljashka [212]
They dont see the end benefit

Not 100% on this one
4 0
3 years ago
___ is a portfolio-planning tool for identifying company growth opportunities through market penetration, market development, pr
pentagon [3]

Answer:

Product market expansion grid

Explanation:

Product market expansion grid -  

It is used to plan for the company , when the company is indeed of expanding , is referred to as Product market expansion grid .  

The strategy or information required for the company to increase sale of the goods and services or introducing a new product in the upcoming market , uses this plan.  

Hence , from the given information of the question,

The correct term is  Product market expansion grid .

8 0
3 years ago
Other questions:
  • Ricardo buys a coffee maker as a gift for his sister. The product turns out to be defective. Ricardo knows that he can complain
    12·1 answer
  • Why is social security and Medicare spending expected to in crease further in the near future? -) the people who qualify will al
    14·1 answer
  • A market has four individuals, each considering buying a grill. Assume that grills come in only one size and model. Martina cons
    11·1 answer
  • Government corporations can be described as which of the following
    5·2 answers
  • Webster is a talented baker and has a degree in business management. He wants to own his own chain of incorporated bakeries one
    10·1 answer
  • On which financial statements would you look to find the total costs of merchandise that remains and the total that has been sol
    15·1 answer
  • E-Gadgets is a chain of electronics stores that specializes in devices and gadgets incorporating cutting-edge technologies. The
    8·1 answer
  • Cantor Co. purchased a coal mine for $2,000,000. It cost $500,000 to prepare the coal mine for the extraction of the coal. It wa
    8·1 answer
  • Which pillar focuses on the ability to use IT and computing resources efficiently to meet system requirements, and to maintain t
    8·1 answer
  • Even as it begins to produce the Mirai for the U.S. market, Toyota continues to manufacture its traditionally fueled cars, truck
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!