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nadezda [96]
3 years ago
5

If Good C increases in price by 50 50 % a pound, and this causes the quantity demanded for Good D to increase by 60 % 60% , what

is the cross-price elasticity of the two goods? Round your answer to one decimal place. What is the relationship between the two goods? no relationship substitutes complements
Business
2 answers:
Natalka [10]3 years ago
7 0

Answer:

1.2  substitutes is the relationship between the two goods.

Explanation:

Paha777 [63]3 years ago
6 0

Answer:

Cross price elasticity = percent change in the quantity demanded of good D / percent change in the price of good C = 60% / 50% = <u>1.2</u>

When the cross price elasticity between two groups is higher than 1, the goods are <u>substitute</u> of each other. This means that an increase in the price of good C will increase the quantity demanded of good D.

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When it comes to the field of marketing, which of these activities is associated with logo design?
tekilochka [14]
Sales Promotions are a part of the business
5 0
3 years ago
Perfect Printers is able to obtain 30 days credit terms to purchase a heavy duty printing machine for $200,000. How will this pu
12345 [234]

Answer:

How will this purchase impact the accounting equation of Perfect Printers at the time of the purchase?

An increase in the assets by $200,000 and a similar increase in liability by $200,000

Explanation:

The accounting equation is the foundation for the double enter system of account balancing. In this system, the amount of debits are entered on one side as the corresponding credit is entered on the other side. Then the total credits are added and compared to the sum of the debit. When the credit equals the debit, the accounts balance. The accounting equation can be expressed as;

A=L+E

where;

A=assets

L=liabilities

E=owner's equity

Lets enter the transaction as shown;

Account type                                   Asset                                Liability

Printing machine                          $200,000

Cash                                                                                       $200,000

Total                                              $200,000                        $200,000

An increase in the assets by $200,000 and a similar increase in liability by $200,000

8 0
3 years ago
A carpenter was nailing a strap onto a residential single-story home construction project using a nail gun with a 16d nail to af
Rudiy27

Answer: Struck by hazards.

Explanation:

Struck by hazards is caused when there is a sudden forceful contact between an object and an injured person.

Classes of stuck by hazards include

1. Falling objects, for example a falling wood from a construction site.

2.Rolling objects.

3.Swinging objects.

4.Flying objects.

• It is important to note that putting in place and using the right safety measures can serve as a means of protection against any form of job related hazard.

4 0
3 years ago
When investors give computer instructions to sell automatically to avoid potential losses if their stock price dips to a certain
marysya [2.9K]

When investors give computer instructions to sell automatically to avoid potential losses if their stock price dips to a certain point, it is called program trading.

<h3>What is program trading?</h3>

Program trading is what create space or time for multiple trades to occur simultaneously.

It is an automated process that gives instructions to computers to sell when price of a stock goes down to prevent loss.

Learn more about program trading here: brainly.com/question/13955369

#SPJ1

6 0
2 years ago
What is a trade-off?
mojhsa [17]
The best answer is:
C) <span>a choice that must be made due to scarcity.
A tradeoff occurs when you must choose between two or more things, selecting the best option given the constraints. Choosing what to spend your allowance on, for example, is involves a trade-off that you must make due to the scarcity of your allowance money (you don't have unlimited money). D is a tempting answer, but it does not define trade-off as well as C. </span>
3 0
3 years ago
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