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olganol [36]
3 years ago
15

If a 20 percent increase in the price of red bull energy drinks results in a decrease in the quantity demanded of 25 percent, th

e price elasticity of demand for those drinks is _____ elastic/inelastic
Business
1 answer:
yanalaym [24]3 years ago
4 0

The correct answer is that the price elasticity of demand is elastic.

Price elasticity occurs when a change in price results in a change in demand. In this example, a 20 percent increase in the price of the drinks resulted in a 25 percent decrease in the demand for the product. Because the price increase resulted in a demand decrease the price is elastic.

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Until January 1, 2012, the price for ethanol consumers in the United States was higher than world free-market price by $0.54 per
Bad White [126]

Answer:

Specific tariff

Explanation:

Specific tariff - it is referred to as the charge that is imposed by the US government on any imported item. it is applied per unit items. it can be considered as the tax that the US government levied on import items. it is referred to as a trade barrier focus to reduce the amount of import from tie-up countries

Fir above context, $0.54 as import tax is applied by the US government on imports of ethanol.

8 0
3 years ago
Andrews corporation has income from operations of $227,000. in addition, it received interest income of $22,700 and received div
salantis [7]
10,900 + 47,500 = 57,900
3 0
2 years ago
Month-end & Year-end process helps to write-off bad debts.
Katyanochek1 [597]

Answer:

False

Explanation:

It is FALSE that Month-end and Year-end process helps to write-off bad debts.

This is because both month-end and year-end processes are processes specifically carried out to adjust all account balances to make and depict the actual financial activities of the firm. This assists the firm's management team to make a further decision, but not to just write-off bad debts.

Bad debt is written off only when a customer invoice is deemed to be uncollectible.

5 0
2 years ago
The difference between supply and quantity supplied is that "supply" refers to the ___________ and "quantity supplied" refers to
yanalaym [24]

Answer:

a. curve; point on the curve 

Explanation:

Supply refers to the supply curve. Changes in supply leads to movement of the supply curve either to the left or to the right.

Factors that cause change in supply:

A. Cost of production

B. Weather

C. Taxes

D. Number of suppliers

Quantity supplied is a point on th curve with reference to price. Changes in quantity supplied is represented by movement either up or down the supply curve. Changes in quantity supplied is caused only by changes in price.

I hope my answer helps you

4 0
3 years ago
All transactional documentation for listings, purchase and sale agreements, property management activities, exchanges, and trust
sdas [7]

All transactional documentation for listings, purchase and sale agreements, property management activities, exchanges, and trust account records must be retained for a period of three years.

Management is the management of an organization, such as a corporation, non-profit organization, or government agency. This is the art and science of managing company resources.

Management is the dynamic process of getting things done by others with the goal of achieving a common goal effectively and efficiently. All functions, from planning to organization, personnel allocation, management, and generalization, are essential for the smooth execution of management in an organization.

Management is a self-contained process of planning, organizing, managing and controlling.

Learn more about management here:brainly.com/question/1276995

#SPJ4

3 0
1 year ago
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