1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nadya [2.5K]
2 years ago
11

Suppose the price of crude oil drops from 150$ a barrel to 120$a barrel. The quantity bought remains unchanged at 100 barrels. T

he coefficient of price elasticity of demand in this example would be
Business
1 answer:
IrinaK [193]2 years ago
7 0

Answer:

coefficient = 0

Explanation:

We have the formula to calculate the price elasticity of demand as following:

<em>Elasticity coefficient = % Change in quantity/ % Change in price</em>

As given:

+) The percentage change in price is: (120-150)/150= - 20%

+) The quantity bought remains unchanged - which means the percentage change in quantity demanded is 0%

=> <em>Elasticity coefficient = % Change in quantity/ % Change in price</em>

<em>= 0/-20 = 0</em>

<em />

<em>So the coefficient of price elasticity of demand in this example would be 0</em>

You might be interested in
Katherine, Alliah, and Paulina form a partnership. Katherine contributes $150,000. Alliah contributes $150,000, and Paulina cont
ryzh [129]

Answer:

$33,750

Explanation:

The computation of the amount of income which is credited to Katherine's capital account is shown below:

= (Katherine contribution ÷ total contribution) × partnership income

= ($150,000 ÷ $400,000) × $90,000

= $33,750

The total contribution equals to

= Katherine contribution + Alliah contribution + Paulina contribution

= $150,000 + $150,000 + $100,000

= $400,000

8 0
3 years ago
Inez was content with her job at Pieces Packaging until the company added two levels of supervision, lowered bonuses, and decrea
nasty-shy [4]

Answer:

hygiene

Explanation:

<em>A hygiene factor is what characterizes the environment of an individual's work, this includes policies, relationships between co-workers, security, supervision, etc.</em> In the question given Inez's dissatisfaction is due to these factors that were changed by her company.

I hope you find this information useful and interetsing! Good luck!

3 0
3 years ago
_______ property is an ownership fence, which applies to resources like land that more than one individual owns jointly.
OverLord2011 [107]

Answer:

Common

Explanation:

6 0
2 years ago
Why is the relational approach to leadership useful for leading sustainability in an organisation? Please indicate 3 reasons.
Alisiya [41]

Answer:

The understanding including its context has been explained throughout the explanation segment elsewhere here.

Explanation:

  • The relational leadership style wants to replicate the understanding that organizational culture ultimately resulted from those throughout the actions including its exemplary entrepreneur with either the perspective that leadership moves away from relations between people, gatherings.
  • Relational leadership acknowledges that perhaps the performance of the connections clients construct seems to be the surprise to relevance and success.
  • This methodology takes time to build as well as accomplish the goals of organizations, requirements, standards of practices, and so much more. Relational leadership could sometimes be extremely successful, especially whether it is accurate, caring, and compassionate, strengthened by hand movements of companionship but instead embodied mostly in the cultural values of an organization.
4 0
3 years ago
A financial institution formed by a large organization for its members is a credit union.
balu736 [363]
This should be True.
4 0
3 years ago
Other questions:
  • What is an advantage of selling consumable items
    12·2 answers
  • Mondo Snow Removal's cost formula for its vehicle operating cost is $1,060 per month plus $429 per snow-day. For the month of Ja
    13·1 answer
  • At the time of liquidation. Fairchild Co. reported assets of $200,000, liabilities of $120,000, common stock of $90,000, and ret
    13·1 answer
  • The​ stockholders' equity of Kowalski Company at the beginning and end of 2018 totaled $ 122 comma 000 and $ 140 comma 000​, res
    12·1 answer
  • The unadjusted balance of the Allowance for Doubtful Accounts of Johnston Supplies, Inc. is a credit balance in the amount of $2
    8·1 answer
  • How would each of the following affect the firm's marginal, average, and
    11·1 answer
  • Individual Retirement Accounts (IRAs) allow people to shelter some of their income from taxation. Suppose the maximum annual con
    8·1 answer
  • Which federal regulatory agency would most likely bring a civil suit against a business that broke securities laws?
    13·2 answers
  • Suppose in the spot market 1 U.S. dollar equals 1.3750 Canadian dollars. 6-month Canadian securities have an annualized return o
    9·1 answer
  • red line railroad inc. has three regional divisions organized as profit centers. the chief executive officer (ceo) evaluates div
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!