Answer:
The correct answer is -0.2.
Explanation:
According to the scenario, the given data are as follows:
When rate = $1.50
Hot dogs sold at $1.50 = 500 units
And When rate = $1.35
Hot dogs sold at $1.35 = 510 units
So, we can calculate the price elasticity by using following formula:
Price elasticity = (%change in quantity ) ÷ ( %change in price )
Where, %change in quantity = (( 510 - 500 ) × 100) ÷ 500
= 1,000 ÷ 500
= 2
and %change in price = ((1.35 - 1.50 ) × 100) ÷ 1.50
= (-10)
So, by putting the value:
Price elasticity = 2 ÷ (-10)
= -0.2
Hence, the price elasticity of demand for hot dogs is -0.2.
Answer:
point-of-purchase advertising.
Explanation:
In this scenario, Brad is contacting each of his grocery and convenience accounts with an opportunity to install an end-of-aisle display with graphics of the Super Bowl teams and a display of several varieties of chips.
Hence, this is known as point-of-purchase advertising, a type of trade-oriented promotion.
A point of purchase advertising can be defined as a marketing strategy used by retailers, which typically involves the placement of end user goods e.g graphics of the Super Bowl teams strategically placed in a supermarket aisle for retail customers.
The nation with the largest percentage of publicly held land is United state of America. These lands are usually set aside for different purposes such as parks, refuge camps, forests, historical places, etc.
That is false
The court would never do that , but before you would eat , you need to check if this belong to you or not
