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dedylja [7]
3 years ago
14

The price elasticity of demand for mobile phones a. will be higher if there is an improvement in the production technology. b. w

ill be lower if consumers perceive mobile phones to be a necessity. c. is computed as the percentage change in the price of mobile phones divided by the percentage change in quantity of mobile phones. d. All of the above are correct.
Computers and Technology
1 answer:
rodikova [14]3 years ago
3 0

Answer:

b. will be lower if consumers perceive mobile phones to be a necessity.

Explanation:

The price elasticity of demand is described as the percentage variation in the demanded quantity of service or goods divided by the change in the percentage of the price. And henceforth it describes the responsiveness of the demanded quantity to a price change. And now if the mobile phones are thought of as being the necessity then the price will increase as demand will increase, and hence the price elasticity of demand will be lower. And if there is an improvement in the production technology then the price will be lowered, and hence price elasticity of demand will be less as the change in the percentage of the price will be negative. And the exact definition of it as we have described above. Hence, b is correct options.

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5.17 (Calculating Sales) An online retailer sells five products whose retail prices are as follows: Product 1, $2.98; product 2,
Dima020 [189]

Answer:

import java.util.Scanner;

public class Main

{

public static void main(String[] args) {

   

    //Initialize the prices as constants

    final double PRODUCT_1_PRICE = 2.98;

    final double PRODUCT_2_PRICE = 4.50;

    final double PRODUCT_3_PRICE = 9.98;

    final double PRODUCT_4_PRICE = 4.49;

    final double PRODUCT_5_PRICE = 6.87;

   

    //Declare the other variables

    int productNumber, quantitySold;

    double total = 0.0;

   

    //Create a Scanner object to get input

    Scanner input = new Scanner(System.in);

   

    //Create a while loop

    while(true){

        //Ask the user to enter the productNumber

     System.out.print("Enter the product number or 999 to quit: ");

     productNumber = input.nextInt();

     

     // Stop the loop, if productNumber is 999(sentinel value, you may choose any value you want)

     if(productNumber == 999)

         break;

     

     //Ask the user to enter the quantitySold

     System.out.print("Enter the quantity sold: ");

     quantitySold = input.nextInt();

     

     //Create a switch statement that works depending on the productNumber entered.

     //For example, if the productNumber is 1, it multiplies the quantitySold by PRODUCT_1_PRICE

     //   and adds the result to the total. If productNumber is 2, it does the same for product 2 ...

     switch(productNumber){

         case 1:

             total += quantitySold * PRODUCT_1_PRICE;

             break;

         case 2:

             total += quantitySold * PRODUCT_2_PRICE;

             break;

         case 3:

             total += quantitySold * PRODUCT_3_PRICE;

             break;

         case 4:

             total += quantitySold * PRODUCT_4_PRICE;

             break;

         case 5:

             total += quantitySold * PRODUCT_5_PRICE;

             break;

     }

    }

 

 //Print the total (when the loop is done)

 System.out.println("The total is $" + total);

}

}

Explanation:

*The code is in Java.

You may see the explanation as comments in the code.

4 0
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Which role is delegated to personnel of the IT department and is responsible for maintaining the integrity and security of the d
enyata [817]

Correct question.

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Answer:

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1. Why was the Internet created?
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Answer:

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