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
OLga [1]
4 years ago
6

What information must economists have to estimate the price elasticity of​ demand? To estimate the price elasticity of​ demand,

economists need to know A. the market price and quantity sold. B. the supply curve for a product. C. the demand curve for a product. D. total revenue. E. the change in priceprice.
Business
1 answer:
kkurt [141]4 years ago
3 0

Answer:

C. the demand curve for a product.

Explanation:

Price elasticity of demand is a measure of the sensitivity of demand for a good or service to changes in the price of that product. We say that the price elasticity of demand is elastic when a percentage change in the price of this good has major impacts on demand. On the contrary, we say that the price elasticity of demand is inelastic when variations in the price of goods have little or no influence on demand.

Thus, to determine the value of elasticity, one must know what was the change in price and the change in quantity demanded. In a graph where price and quantity are the x and y axes, this can be obtained by observing changes in the demand curve points, which reflected the price change on one axis and the quantity change on another axis. Thus, it is sufficient to divide the percentage change in quantity demanded by the percentage change in price to find the price elasticity of demand.

You might be interested in
Jones Manufacturing sells a part to Lear Corporation.Lear puts this part into a radio,which Lear then sells to Ford.From Ford's
AleksandrR [38]

Answer:

d)Tier 2

Explanation:

from the question we are informed about jones Manufacturing sells a part to Lear Corporation.Lear puts this part into a radio,which Lear then sells to Ford.From Ford's point of view, in this case Jones Manufacturing is tier 2. Tier 2 capital can be regarded as second layer of capital which serve as a required reserves of a bankIt contains revaluation reserves as well as hybrid capital instruments

3 0
3 years ago
After an impairment loss is recognized, the adjusted carrying amount of the intangible asset shall be its newaccounting basis. W
Mandarinka [93]

Answer:

A, it is prohibited

Explanation:

Under the U.S GAAP, subsequent reversal of a previously recognised intangible asset impairment loss is prohibited with the exception that the intangible asset is held up for the purpose of sale.

Cheers.

3 0
3 years ago
When a retailer or car dealer says "we will meet or beat the competitor's prices', it refers to
3241004551 [841]
They will either match the prices of another offer or go lower then the offer
4 0
3 years ago
The market has an expected rate of return of 12.6 percent. The long-term government bond is expected to yield 5.8 percent and th
natulia [17]

Answer:

The market risk premium is 9.3%

Explanation:

Market risk premium can be obtained by calculating the difference between the expected return on the market and the risk-free rate.

In the question given, the risk rate fee refers to the US treasury bill.

Therefore,

Market risk premium = market rate-risk free rate

= (12.6% - 3.3%)

= 9.3%

So, in the question given, the market risk premium is

9.3%

5 0
4 years ago
Describe how a high level of flexibility would affect your performance in softball. Consider the benefits in many aspects of sof
leonid [27]

Answer:

you would be able to jump higher

you would be able to run quicker

you would be able to catch the ball better

Hope this helps!

4 0
3 years ago
Read 2 more answers
Other questions:
  • Jessica has been asking questions throughout her sales presentation and received positive signals from her prospect.
    6·2 answers
  • A country that currently does not trade with other countries could benefit by a. not restricting trade. b. restricting both impo
    9·1 answer
  • What type of life policy covers two people and pays upon the death of the last insured?
    8·1 answer
  • Jones Corp. reported current assets of $191,000 and current liabilities of $136,000 on its most recent balance sheet. The curren
    11·1 answer
  • When controls were removed from the economy people raced to buy goods that been awhile businesses rapidly raised prices kept low
    13·1 answer
  • An internal accounting system should:
    10·1 answer
  • Can someone help me with this please:):)
    13·1 answer
  • The setup time for a batch of 250 products is 30 minutes while the production time is 5 minutes for each product. If the batch s
    12·1 answer
  • When a company prepares financial statements using standard costing, which items are reported at standard cost
    9·1 answer
  • The market price of a security is $26. Its expected rate of return is 13%. The risk-free rate is 5%, and the market risk premium
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!