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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.

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What are some of the reasons businesses fail?
Mekhanik [1.2K]

Answer:

The most common reasons businesses fail include a lack of capital or funding, retaining an inadequate management team, a faulty infrastructure or business model, and unsuccessful marketing initiatives.

7 0
4 years ago
When moving from Point C to Point D on Nation X's PPF, the cost of 1 more Computer is ____ Agricultural products not produced. E
Stolb23 [73]

Answer:

more than

Explanation:

When moving from point C to D, the cost of computer will increase resulting in price of agriculture goods to be lower than computer. The price of agricultural good is not affected only price of computer is increased.

3 0
3 years ago
The principle that people face tradeoffs applies to:.
svetoff [14.1K]

The principle that people face tradeoffs applies to individuals, families and societies.

<h3>What does tradeoff mean?</h3>

Tradeoff is an economic term which means that when a person chooses a particular decision, he forgoes other decisions. For example, if a doctor leaves his job to travel the world. He is trading off the income he would earn from working as a doctor to enjoy travelling the world.

Here is the complete question:

The principle that "people face trade-off" applies so:

a) Individuals.

b) Families.

c) Societies.

d) All of the above are correct.

To learn more about tradeoffs please check: brainly.com/question/26315727

5 0
2 years ago
Maria lost her job because the economy is shrinking. This is an example of _____.
kakasveta [241]
It is an example of cyclical unemployment.

I hope this helps!
7 0
3 years ago
Read 2 more answers
BuyMart Inc. is a large chain of hypermarkets. It has cost benefits due to its extensive operation. The company's marketing and
Juliette [100K]

Answer:

economies of scale.

Explanation:

Economies of scale -

It refers to the edge over the cost of the company , which is due to the very efficient production rate , is refer to as economies of scale .

Economies of scale can be both external and internal .

This process can be done by increasing the production of the goods and services , and thereby reducing the overall cost of the product , and more number of consumers will try to grab the product , and hence ,

The profit of the company will increasers .

Hence , from the given scenario of the question ,

The correct answer is economies of scale .

5 0
3 years ago
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