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bearhunter [10]
4 years ago
8

If the percentage change in the quantity of teapots demanded is greater than the percentage change in the price of teapots, then

: A) the price elasticity of demand for teapots is greater than 1 in absolute value. B) the demand for teapots is unit-elastic. C) the price elasticity of demand for teapots is equal to zero. D) the price elasticity of demand for teapots is less than 1 in absolute value.
Business
1 answer:
nalin [4]4 years ago
4 0

Answer:

The correct answer is option A.

Explanation:

The price elasticity of demand is the measurement of responsiveness of demand for a commodity to change in its price level.

The price elasticity is derived by the ratio of change in quantity to change in price.

If the change in the quantity demanded of the commodity is greater than the change in its price, in that case the price elasticity of demand will be greater than 1 in absolute value.

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Answer:

d. The unique combination of benefits received by targeted buyers that includes quality, convenience, on-time delivery, and both before-sale and after-sale service at a specific price

Explanation:

Customer value refers to the unique combination of benefits received by targeted buyers that includes quality, convenience, on-time delivery, and both before-sale and after-sale service at a specific price

4 0
3 years ago
When evaluating a new project, firms should include in the projected cash flows all of the following EXCEPT:
saveliy_v [14]

Answer and Explanation:

b. Previous expenditures associated with a market test to determine the feasibility of the project, provided those costs have been expensed for tax purposes.

3 0
3 years ago
What form of capital will Woolworths obtain?
Amanda [17]

The form of capital does Woolworths have is-

Woolworths Group manages its capital structure with the objective of enhancing long‑term shareholder value through funding its business at an optimized weighted average cost of capital.

  • Woolworths organization restrained is a locally owned indexed public employer, deriving revenue from the retail sale of supermarket food and trendy products.
  • Woolworths group restrained is a locally owned indexed public company, deriving sales from the retail sale of supermarket food and well-known merchandise.
  • Woolworths Strategic Framework to ensure its relevance to our organization within the context of the hastily evolving consumer panorama as we pursue our aspiration of being a leading, reason driven, and really related store.

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3 0
2 years ago
Write the important of organic manure ​
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In addition to slowly releasing plant nutrients over time, organic matter improves soil structure and the soil's ability to hold water. Healthier soils improve crop yields and reduce soil loss from both wind and water erosion, and protect water quality by reducing contaminated runoff.

Hope this Helps!
6 0
3 years ago
McDonald’s marketing of its Happy Meal to children to be unethical?
sladkih [1.3K]

Answer:

Yes, I think McDonald's marketing of its happy meal to children to be unethical because they sell "happiness", "joy", and "fun" as products when they are vague concepts that can't be achieved with their products. Also, because they have built many factories worldwide to produce them and pollute their surroundings. They also use, characters to hook them.

Explanation:

The reasons behind this answer are that in the first place McDonald's sells the concept that this package is filled with "joy", "happiness" and "fun". However, they can't be achieved through them because they are very complex concepts. Also, because their products harm the children's lives and the surroundings of their factories.

4 0
4 years ago
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