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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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Answer:

Contraction

Explanation:

The business cycle refers to the fluctuations that happen in an economic activity over time. This cycle has 4 stages that are:

-Expansion is when the economy grows and employment is higher.

-Peak is a transition between expansion and contraction and it is a point in which the economy reaches its highest output.

-Contraction is a stage in which growth stops and unemploymetnt rises.

-Trough is a stage in which the economy gets to its lowest point before a rise.

According to this, the answer is that in the context of the business cycle, Bruslon is most likely going through a period of contraction because there is an economic downturn that forced Loger's to lay off many employees.

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A sole proprietorship , also known as a sole tradership, individual entrepreneurship or proprietorship, is a type of enterprise owned and run by one person and in which there is no legal distinction between the owner and the business entity.

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2 years ago
The 2015 American Time Use survey contains data on how many minutes of sleep per night each of 10,900 survey participants estima
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The population is the 10,900 respondents to the American Time Use Survey.

Explanation & Solution:

Statistics indicate that a large number of findings with similar features are related to in the population.

A sample is a subset from which it has been extracted.

"The American Time Usage survey for 2015 provides details about how many minutes of sleep every evening are assigned to each of 10,900 survey respondents.

An SRS of 100 participants (a plain random sample) has x = 514.4 minutes on average.

The size of the U.S. Time Utilization Survey is 10,900.

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Cash flows directly related to production and sale of the firm's products and services are called?
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A  cash flows directly related to production and sale of the firm's products and services are  called Operating cash flow .

<h3>What is operating cash flows and 3 types of cash flows? </h3>

Cash flow from operating activities indicates the amount of money a company brings in from its ongoing,regular business activities such as manufacturing and selling goods or providing a service to customers. Types of cash flows are cash flow from operating activities, cash flow from investing and cash flow from financing activities.

A firms operating cash flows is the cash flow it generates from  its normal operation producing  and selling its output of goods or services.

to learn more about OCF click here brainly.com/question/17001006

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