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Gnesinka [82]
3 years ago
11

Your entertainment price index (EPI) was computed based on three goods: movie tickets, popcorn, and limeade. If you change the q

uantity of these goods from this year to next year and the prices of two of the three goods increase while the other price falls, then:
Business
2 answers:
zhuklara [117]3 years ago
7 0

Answer:

The entertainment price index (EPI) might rise or fall depending on which products or services are more expensive and their relative weight in the EPI.

Explanation:

A consumer price index, or in this case a personal entertainment price index, is based on a basket of goods (movie tickets, popcorn and limeade) and each good is assigned a relative weight on the basket. Not all goods are assigned the same weight, for example movie tickets are more relevant than popcorn and limeade since you consume popcorn and limeade when you go to the movies.

So a price increase in movie tickets will affect the EPI much more than a price increase in limeade or popcorn. Since we are not given any information about what prices increased, the change can go either way.

DaniilM [7]3 years ago
4 0

Answer:

Your entertainment price index (EPI), might fall or rise, contingent on both the quantity of the goods that you bought and the prices of these goods.

Explanation:

Price index is used extensively to estimate changes in prices overtime and are also used to measure differences in costs among different areas of countries.

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Murljashka [212]

$105,263.16

The seller's percentage of a sale is 100% - 5% commission = 95% (or .95). Take the amount the seller wants to net and divide it by that amount ($100,000 ÷ .95 = $105,263.16). Conversely, for a sales price of $105,263.16: $105,263.16 × .95 = $100,000.

the sales price is the discounted price at which goods or services are sold. This price is typically offered for a limited time and is typically used to promote sales during a recession or sell excess inventory. Discounts are advertised as a percentage of the regular list price.

Although the two are interchangeable, the sale price is usually used when the sale results in a lower than normal price for an item. Discounted prices on items compared to regular retail prices. According to the Business Dictionary, selling price is an "alternative term for price."

Learn more about sales price here: brainly.com/question/7459025

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4 0
2 years ago
Many new restaurants have opened in Collegetown in recent years. Given this change in supply, which type of demand curve would r
Mazyrski [523]

Answer:

elastic demand curve

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3 years ago
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SpyIntel [72]
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I. Rohit after doing his graduation has decided to run a retail shop as a source of livelihood.
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Answer:

b

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