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Stels [109]
3 years ago
11

The price elasticity of demand, E, is defined as the:

Business
1 answer:
Over [174]3 years ago
6 0

Answer:

The correct answer is "Percentage change in quantity demanded divided by the percentage change in price of that good".

Explanation:

The elasticity of demand is a measure used in economics to show the degree of response of the quantity demanded of a good or service to changes in the price it presents. It grants the percentage change of the quantity demanded about a unitary percentage change in the price, with the other variables considered constant.

The E is a measure of the sensitivity of the quantity demanded of a good or service to changes in its price. Its formula normally produces a negative result due to the inverse nature of the relationship between the price and the quantity demanded.

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A company buys a parcel of land on which are erected two buildings. The first building is a 100,000 square-foot warehouse and th
sergiy2304 [10]

Answer:

Land, $65,625 and Garage, $39,375

Explanation:

The allocation would be done using the fair market values as basis. Fair market value is more appropriate as a basis instead of using the sizes of the building and the garage as basis.

Total fair market values = $125,000 + $200,000 + $75,000 = $400,000

Total amount paid for all assets = $210,000

Amount allocated to each asset = \frac{asset's fair market value}{total market value} *total amount paid for all assets

Amount allocated to land = \frac{$125,000}{$400,000} *$210,000

= $65,625

Amount allocated to warehouse = \frac{$200,000}{$400,000} *$210,000

= $105,000

Amount allocated to garage = \frac{$75,000}{$400,000} *$210,000

= $39,375

5 0
3 years ago
Efficiency wages A. increase productivity and reduce unemployment. B. increase productivity but increase unemployment. C. decrea
finlep [7]

Answer: The correct answer is "B. increase productivity but increase unemployment.".

Explanation: Efficiency salaries is a theory that says that some companies voluntarily offer salaries above the equilibrium level and this results in an increase in the productivity of their workers. As a negative issue, they can cause higher unemployment rates, since with salaries above the equilibrium salary, there is a consumer surplus. In addition, it would reduce the demand for more workers, as they have become more expensive.

8 0
3 years ago
If compound interest and the time value of money can work for you in investments , how can it work against you in debt, like wit
erik [133]

Answer:

Debt isnt always the right choice

Explanation:

Debt can work against you always. Money should be handled DEBT FREE always remember. Money is your buddy that's my motto.

6 0
3 years ago
What value do marketing channels bring to the customer?
Anvisha [2.4K]
Marketing channel's provide value in that they offer financing options for both the end user and the wholesaler
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ICS Form 201:A. Lists all resources and organization assignments for the upcoming operations period B. It contains status inform
Phoenix [80]

Answer:

The correct answer is B. It contains status information for briefing the incoming Incident Commander or other incoming resources.

Explanation:

According to FEMA, it is a document that seeks to report an incident to the commander. This document provides general information on the events that have occurred and the resources that have been assigned to said incident. This document also serves as a guide for executing initial work actions.

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4 years ago
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