Answer:
I believe this would be D
Explanation:
I say that it is D because it is asking about what they would do under certain circumstances and or situations to see what they would say
Answer:
125%
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
Let x = percentage change in price
o.4 = 50 / x
x = 125
Answer:
Answer is the one which produces values which compare well with actual values based on a standard measure of error.
Explanation:
Exponential smoothing is one means of preparing short-term sales forecasts on a routine basis. To use exponential smoothing, however, one must decide the proper values for the smoothing constants in the forecasting model. One method for selecting the smoothing constants involves conducting a grid search to evaluate a wide range of possible values.
Exponential smoothing forecasting methods use constants that assign weights to current demand and previous forecasts to arrive at new forecasts. Their values influence the responsiveness of forecasts to actual demand and hence influence forecast error. Considerable effort has focused on finding the appropriate values to use.
One approach is to use smoothing constants that minimize some function of forecast error. Thus, in order to select the right constants for forecasting, different values are tried out on past time series, and the ones that minimize an error function like Mean Absolute Deviation (MAD) or Mean Squared Error (MSE) are the ones used for forecasting
Answer:
A shift in the demand curve will create a new equilibrium point.
Those who voluntarily purchase the generators believe them to be worth the marked-up price.
The effect of price ceilings is to make behavior like the entrepreneur’s illegal.
Explanation:
As after hurricane there is a necessity to buy the generators, accordingly the demand for the generators increase and so does the price, therefore, there is a new equilibrium.
And as there is need, people voluntarily buying it would definitely feel it worth to spend and pay such exaggerated price.
If there will be price ceilings then the entrepreneur will try to sell the generators at high prices illegally because he need to get the margin.
Although there will be no surplus even in case of price ceilings as it is a need people will buy and the stock will be sold at last.
