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
melisa1 [442]
3 years ago
10

14. A 2015 article published by the American Journal of Preventive Medicine studied the effects of an increase in alcohol prices

on the incidence of new cases of sexually transmitted diseases. In particular, the researchers studied the effects that a Maryland policy increasing alcohol taxes had on the decline in gonorrhea cases. The report concluded that an increase in the alcohol tax rate by 3% resulted in 1,600 fewer cases of gonorrhea. Assume that prior to the tax increase, the number of gonorrhea cases was 7,450. Use the midpoint method to determine the percentage decrease in gonorrhea cases, and then calculate the cross-price elasticity of demand between alcohol and the incidence of gonorrhea. According to your estimate of this cross-price elasticity of demand, are alcohol and gonorrhea complements or substitutes?
Business
1 answer:
True [87]3 years ago
4 0

Answer:

a) Cross elasticity = -8.02

b) these are complementary items because the cross elasticity of gonorrhea and alcohol is less than 1.

Explanation:

Cross Price Elasticity is calculated using the following formula

[(Q2-Q1) / (Q2-Q1/2)]  /  [(P2-P1)/ (P2-P1/2)]

The meaning of the formula is the change in the quantity demanded of a good divided by the percentage change in the price of another good or product.

In this case we are comparing how the demand for alcohol affects the occurrence of gonorrhea.

1) We determine the change in the issues of gonorrhea.

The initial cases of Gonorrhea Q1 is 7,450 but it later reduced by 1600 due to an increase in alcohol price by 3%

Q2 = 7,450-1600= 5,850

Q1= 7,450

Plugging this into the formula we determine the percentage of decrease in gonorrhea.

= [(Q2-Q1) / (Q2-Q1/2)]

= (5850-7540)  / (5850-7450 /2)

= -1600/6,650 x 100

= -24.06%

2) We already know the change in the price of Alcohol to be 3% increase due to tax

<u>Hence, the cross elasticity of the two as given in the formula above</u>

= The percentage change in the cases of gonorrhea / the percentage change in the price of alcohol

= -24.06% / 3%

= -8.02

Also, these are complementary items because the cross elasticity of gonorrhea and alcohol is less than 1.

You might be interested in
Which of the following would be an effective approach for encouraging authentic feedback? A. Defend yourself if you disagree wit
sergey [27]

Answer:

C. Ask for feedback only when you are open to hearing it.

Explanation:

Feedback refers to providing the information gathered after evaluating any specific action or event. Providing authentic feed-backs helps in promoting and improving the better quality of the original topic. It is more personalized and user-oriented. There are various ways by which authentic feed-backs can be given. Through messaging, writing, discussing over calls, and conversations over video calls helps in providing authentic feedback. Asking for feedback should be initiated by the person only when the person is willing to listen and acquire those feed-backs is an effective approach for encouraging authentic feedback.

6 0
3 years ago
Sheila receives a merit scholarship to cover part of her private college tuition. Her parents have a low income, poor credit, an
vfiekz [6]

Answer:

The correct answer would be D, Sheila's parents will qualify for a Plus loan because of their low income.

Explanation:

PLUS loan stands for Parents Loan for Undergraduate Students. It is the loan given to the parents of the students who are graduating with the college. It can be a post secondary loan. This loan is given to the students who cannot afford to meet the expenses of their studies as well as of other activities like books, notes, handouts etc. This loan is given to the parents of the students who have low incomes and can't afford to finance their child's education.

8 0
3 years ago
On December 31, Year 1, a publicly traded entity identified a tax position that will result in a $100,000 tax benefit that quali
Zielflug [23.3K]

Answer:

C $30,000

Explanation:

. A $30,000 result has a 35 percent chance of occurring, but the entity cumulatively has a 55 percent chance of receiving at least a $30,000 tax benefit. As a result, $30,000 is the appropriate amount to recognize.

7 0
3 years ago
Read 2 more answers
Film and theater productions that meet certain criteria may qualify for ____, given by individuals or organizations that set for
kenny6666 [7]

Answer:

Grant.

Explanation:

According to my research on different financial aid's, I can say that based on the information provided within the question the term being mentioned in the question is called a Grant. Like defined in the question, this is a financial aid that is given to people or groups that meet certain requirements in order to help them continue and further expand on their work. These Grant's are given as a form of donation by individuals or organizations that appreciate the work being done.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

4 0
3 years ago
Bardell, Inc. prepared its statement of cash flows for the year. The following information is taken from that statement: Net cas
sladkih [1.3K]

Answer:

The Net Cash <em>used</em> in Financing activities is $30,800

Explanation:

<em>Step 1 Determine the Movement in Cash during the period.</em>

Movement = Ending Cash Balance - Beginning Cash  Balance \

                  = 18,200 - 11,600

                  = 6,600 (inflow)

<em>Step 2 Determine the Cash flow in Financing Activities </em>

<u>Cash flow statement for the year</u>

Cash flow from Operating Activities                                              $29,000

Net Cash flow from Investing Activities                                          $ 8,400

Net Cash flow from Financing Activities (Balancing figure)        ($30,800)

Movement in Cash during the year                                                 $6,600

Therefore, The Net Cash used in Financing activities is $30,800

7 0
2 years ago
Other questions:
  • Bianca, a manager at Glass Eye Inc., leads a team of 20 employees. Veronica is Bianca's least preferred coworker as she finds Ve
    15·1 answer
  • A buyer who has accepted goods may later revoke the acceptance if the buyer can show that the defects _____________ the value of
    11·1 answer
  • What factor helps make work meaningful to a team of business​ professionals?
    10·1 answer
  • Miranda works 40 hours a week at a wage rate of ​$25. Thus, her total weekly income is ​$1000. On this​ income, she pays total t
    12·1 answer
  • Capricorn Creative Inc., a U.S. based advertising firm, was the first in the advertising industry to identify the growth potenti
    10·1 answer
  • Spears Co. had net sales of $35,400 million. Its average total assets for the period were $14,700 million. Spears' total asset t
    6·2 answers
  • Skidmore Music Company had the following transactions in March: Sold instruments to customers for $16,300; received $11,200 in c
    9·1 answer
  • How can i make an assessment about tourism <br><br><br>​
    10·1 answer
  • Who's good a economics?
    11·1 answer
  • 1.1  Basic terminologies in agricultural accounting 1.2   Recognition and measurement of agricultural produces 1.3   Reporting a
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!