a. When other car manufacturers begin to make SUVs, the price elasticity of demand for Ford's SUV will increase. This is because the options consumers have has also increased.
b. When import is banned, the price elasticity of demand for Ford's SUVs will decrease. This is because there are less substitutes for Ford's SUVs. Consumers would now have limited choices.
c. As a result of the ad campaigns, the price elasticity of demand for Ford's SUVs will decrease. This is because other cars would be considered to be les safe when compared with the Ford SUVs.
d. Overtime, the price elasticity for Ford Cars will increase as there would be more substitutes
Price elasticity of demand measures how quantity demanded responds to changes in the price of a good
<em>Types of price elasticity </em>
- Elastic demand : this means that quantity demanded is sensitive to changes in price. Coefficient of elasticity is greater than 1
- Inelastic demand : this means that quantity demanded does not respond much to change in price. Coefficient of elasticity is less than 1
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Below are the choices that can be found elsewhere:
a) Gambling
b) Reliance on fixed income
c) Poor investments
<span> d) Cost of living
</span>
The answer is B which is Reliance on fixed income
Answer:
c) $110,000
Explanation:
The computation of the borrowing amount is shown below:
= Value of home × given percentage - current mortgage amount
= $200,000 × 80% - $50,000
= $160,000 - $50,000
= $110,000
For computing the accurate value, we have to deduct the current mortgage amount from the net value of home.
Since only 80% is related to the home value so we take only 80% and rest 20% would be ignored.
Answer:
$26,125
Explanation:
[($25,000 x 0.005) x 9 + $25,000]
=$26,125
Zach owe $26,125 as of December 31, 2019 because he did not fail to file - he failed to pay. Hence he owes the 0.5% per month or part of a month failure to pay penalty plus the already outstanding tax amount of $25,000 that he owed.
Answer:
Concept: Business digression
- Lets assume you live in Los Angeles CA
- LA houses the Lakers, dodgers, and so many more big brand teams.
- A consumer which is defined as any person in a free and open market to openly trade their wealth and income in return for an item or service.
- Residence defined as the area that surrounded the immediate perimeter of the said consumer.
- Hence, by the principle of <u>socialization</u><u> </u>people are more inclined to buy sports gear to represent their teams and inclined to participate in consumer purchases based on their peers.
- It becomes the "lifestyle" and "ideal" personalities in a place such as LA and this inherently drives up sales of sports and entertainment commodities.
- The location, or residence directly <u>exposes</u> the consumer to the products in a market where it "hot" and in style/demand.
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