If the price elasticity of demand for a product is -2.5, then a price cut from $2.00 to $1.80 will <u>increase </u>the quantity demanded by about <u>2.5%</u>.
Price elasticity of call for is a measurement of the trade in the intake of a product on the subject of exchange in its price. Expressed mathematically, it's miles: charge Elasticity of demand = percent trade-in quantity Demanded / percentage trade-in rate.
we are saying a great is price elastic whilst growth in prices causes a bigger % fall in demand. e.g. if fee rises 20% and demand falls 50%, the PED = -2.five. Examples consist of Heinz soup.
Learn more about Price elasticity here: brainly.com/question/24384825
#SPJ4
Answer:
6780$
Explanation:
We first find 11% of 2000 by the following equation
2000 x .11
From this we get the annual interest 226$
226$ x 30 = $6780
Answer: Discretionary fiscal policy
Explanation: Discretionary fiscal policy is a tool of fiscal policy used by the government to expand or shrink the economy as per the need. While performing such policy the government changes the level of tax collection or the amount of expenditure done on the economy.
It is a deliberate action by the policy makers and do not automatically accelerates while during inflation or deflation.
Answer:
The nameplate will be worn in a comparable position on the Class B uniform. Ribbons: Ribbons are to be aligned with the bottom row of the ribbons centered horizontally on the wearer's left side and even with the top of the first exposed button and spaced 1/8 inch between each row.
Answer:
The correct answer is Matrix.
Explanation:
In a matrix structure each manager is in charge of the results and tasks executed in his area. Employees are usually accountable to one person who generally manages the project and to another who directs a specific area. The great advantage of this structure is that it allows direct communication, making it possible to take corrective measures faster, in the same way it allows each person to focus on each task so that they can transmit some requirement to the closest person.