The demand for ben & jerry's ice cream will likely be more price elastic than the demand for dessert.
<h3>What is the elasticity of Demand?</h3>
When all other conditions are equal, the elasticity of demand is a concept in economics that quantifies how responsive consumers are to shifts in the quantity desired as a result of a price adjustment. In other words, it demonstrates the number of things consumers are willing to buy as the cost of those products rises or falls.
By dividing the percentage change in quantity by the percentage change in price during a specific period, the elasticity of the demand formula is computed. It appears as follows:
Elasticity is defined as % change in quantity / % change in price.
The quantity demanded as a result of a percentage change in a product's price is hence the measure of demand elasticity. Demand can be elastic or inelastic depending on whether products' demand is more responsive to price fluctuations. When a product's demand is flexible, the desired quality is extremely responsive to price variations. When a product's demand is rigid, the desired quality does not adapt well to price variations.
Therefore, The demand for ben & jerry's ice cream will likely be more elastic than the demand for dessert.
For more information on the elasticity of demand, refer to the following link:
brainly.com/question/23301086
#SPJ4
Answer:
Option A is the correct answer,$5810
Explanation:
The relevant of the Y51B is the cost of replacement,which is the open market price as it is actively being used by Yehle Inc.
Besides, if the quantity currently in inventory is used it has to be replaced at open market price.
Disposal value would have been used if the material in question is not being used
The relevant of 700 liters is given below:
$5.81*1000=$5,810
1000 liters has to be bought not 700 liters as the least quantity available for sale is 1000 liters.
Above,it would be wrong to choose option D as 700 liters is not available
Answer:
''there will be at most as many POSITIVE rates...''
Explanation:
The measure of investments' rate of return which excludes external factors such as inflation is known as Internal Rate of Return(IRR)
It is used in;
(1). Savings and loans.
(2). Liabilities
(3). Fixed incomes
(4). Private equity and capital management.
(5). Maximizing total present value and so on.
It can be calculate using the formula below:
NPV= C(n)/(1+r)^n = 0
That is internal rate of return can be use in solving NPV = 0.
Therefore, 'With respect to engineering economics and the internal rate of return (IRR), Descartes’ rule of signs indicates there will be at most as many POSITIVE rates of return as there are sign changes in the cash flow profile.''
Answer:
Two-way flow
Explanation:
Personal selling is one of the methods used by salespeople to drive sales. It involves face-to-face interaction with customers who are persuaded to purchase the product.
This method relies heavily on effective communication mostly the two-way flow of communication.
Two-way flow of communication means that when a message is conveyed to the customer there is feedback to the salesperson. The feedback is used to decide the best course of action to be taken in order to complete the transaction
