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
Mkey [24]
3 years ago
13

For each of the following pairs, predict whether the cross-price elasticity of demand will be positive or negative:

Business
1 answer:
Dmitry_Shevchenko [17]3 years ago
3 0

Answer:

a) Positive.

b) Positive.

c) Negative.

Explanation:

a. Soap and hand sanitizer.- Positive cross elasticity of demand.

b. CDs and MP3s.- Positive cross elasticity of demand.

c. Sheets and pillowcases.- Negative cross elasticity of demand.

Cross price elasticity of demand are used as tool to measure the demand of one product by the change in price of related product like subtitute or complimentry goods and service. It is calculated by using ratio or percentage change in quantity demanded by percentage change in price of a related goods.

You might be interested in
One factor that is usually higher in less developed countries (LDCs) than in developed countries is _____.
USPshnik [31]

Answer:

D) infant mortality

Explanation:

Infant mortality rate (IMR) is a ratio that measures how many infants (children under one year of age) die for every 1,000 live births. The IMR serves as an indicator of how healthy a country's population is.

The countries with the highest IMR are Afghanistan, Somalia, Central African Republic. While the countries with the lowest IMR are Japan, Iceland and Singapore.  

4 0
3 years ago
The net pension liability (PBO minus plan assets) is decreased by: Multiple Choice Service cost. Expected return on plan assets.
Mumz [18]

Service cost

Answer: Option A.

<u>Explanation:</u>

The net pension liability is the amount by which the liability of the pension increases the total pension assets. This increases the troubles of the people who are leading a retired life. The lower the rate of interest, more are the liabilities on the retired person's life.

On the other hand when the total pension assets are more than the total pension liabilities, then it i known as the net pension assets.

7 0
3 years ago
Armani, the exclusive fashion house, uses the following competitive strategy with the products it sells a. Broad Cost Leadership
frez [133]

Answer:

d. Differentiation

Explanation:

Under differentiation strategy, the company differentiates it's products from those of the competitors by the addition of unique attributes which gradually create brand loyalty for such products.

Product differentiation can be accomplished by different packaging, labeling or using different promotional strategies.

Such differentiation may lead to the brand gaining competitive advantage.

In the given case, Armani employs product differentiation strategy for it's products which are targeted at niche category of customers i.e royal customers.

8 0
3 years ago
_____ are specific repayment conditions as to how long customers have to pay bills and the amount of cash discount allowed.
Natali5045456 [20]

Credit terms are specific repayment conditions as to how long customers have to pay bills and the amount of cash discount allowed.

<h3>What is the purpose of credit terms?</h3>

Credit terms are the payment requirements stated on an invoice. It is fairly common for sellers to offer early payment terms to their customers in order to accelerate the flow of inbound cash.

Credit means a loan, an agreement in which the lender (creditor) supplies the borrower with money, goods or services which is to be returned in future. Terms of credit apart from the rate of interest, collateral also includes documentation, mode of repayment.

To learn more about credit terms visit the link

brainly.com/question/13019978

#SPJ4

7 0
1 year ago
The government provides ______
Harrizon [31]
Unemployment insurance
6 0
3 years ago
Other questions:
  • Economist A says all of the following: The economy needs expansionary fiscal policy to remove it from a recessionary gap. Govern
    13·1 answer
  • Which role did women most likely play in bringing dramatic change to hunter-gatherer societies?
    12·2 answers
  • _______ is the only state to have adopted a single-payer health plan.
    13·2 answers
  • Which payment system is most likely to delay an online purchase? credit card debit card check online payment services
    11·1 answer
  • A certificate of deposit will often result in a penalty for withdrawing funds before the maturity date. If the penalty involves
    6·1 answer
  • Question 6 Paige Company estimates that unit sales will be 11,100 in quarter 1, 12,300 in quarter 2, 14,500 in quarter 3, and 18
    11·1 answer
  • Which would be an example of a change in culture due to conflict?
    10·1 answer
  • In the context of a business where products and services are offered to customers, demand is created by the?
    10·1 answer
  • if the equilibrium output is above the gdp potential then the gap between the output and potential gdp would be called a(n)
    12·1 answer
  • according to age-earnings data, group of answer choices high earnings are due to motivation and innate ability, rather than educ
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!