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]
3 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]3 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
Assume that an investor purchased a put option on BP with an exercise price of $1.900 for $0.0215 per unit. There are 31,250 uni
vladimir1956 [14]

Answer:

a. $203.125

Explanation:

Calculation to determine the net profit/loss on this option to the investor

Net profit/loss=((1.900 - 1.885) - 0.0215)(31,250)

Net profit/loss=(0.015-0.0215)*31,250

Net profit/loss=0.0065*31,250

Net profit/loss=$203.125

Therefore the net profit/loss on this option to the investor will be $203.125

8 0
3 years ago
An assumption for a construction project could be Select one: a. a grant will be secured to help fund the project. b. the materi
Eduardwww [97]

Answer:

a. a grant will be secured to help fund the project.

Explanation:

In project management, a project manager can be defined as an individual or organization that temporarily undertakes a project in order to create a unique result, product, and service. Project managers strives very hard so that they can achieve their aims, goals and objectives in the most cost-effective, efficient and best manner through the use of unique set of interrelated tools, skills and tasks.

An assumption for a construction project could be, a grant will be secured to help fund the project.

Project managers sometimes embark on the execution of projects without having enough fund to finish it successfully. There assumptions are usually that once they have commenced the process, a grant can be secured from creditors, investors or financial institutions to help fund the remaining part of the project. However, since it is an assumption, they're not guaranteed that the grant will be given to them; therefore, this can result to the stalling of projects sometimes.

By virtue of standards, materials to be used to construct the building, the size of the building that is to be constructed and the regulations and codes required for the building should never be assumed by project managers.

6 0
3 years ago
On the day of the virginia primary election, umuc news club organized an exit poll at three polling stations were randomly selec
jolli1 [7]
This type of sampling method is called cluster sampling. With cluster sampling, the researcher divides the population into distinct group so called clusters. Then, a simple random sample of clusters is particular from the population. The researcher conducts his investigation on data from the sampled clusters. Paralleled to simple random sampling and stratified sampling, cluster sampling has advantages and disadvantages. For example, given equal sample sizes, cluster sampling usually makes available less precision than either simple random sampling or stratified sampling. On the other hand, if travel costs between clusters are high, cluster sampling may be further cost-effective than the other methods.
7 0
3 years ago
Name the form of ownership represented by SABC
Angelina_Jolie [31]

The correct answer to this open question is the following.

Although there are no options attached, we can say the following.

The form of ownership represented by SABC is a publicly owned or state-owned broadcasting corporation that is managed by the government of South Africa. Indeed, SABC stands for South Africa Broadcasting Corporation. It was created on August 1, 1936, as the public broadcasting system of the South African government. Today, it controls 19 AM and FM stations in the country and operates five television channels that foment the optimal educational and entertainment content for the people of South Africa.

6 0
3 years ago
Which of the following represent typical account fees
irakobra [83]
The one that represent typical account fees are : minimum balance fees, service fees, and/or ATM fees. These are all common in personal finances.
Minimum balance fees is the the fees needed to make your account stays afloat, service fees is the fee that covers your operational service while ATM fees is the fees to maintain your ATM Card.
5 0
3 years ago
Other questions:
  • How do you display integrity and moral character?
    14·1 answer
  • Which of the following is an example of the barter system?
    5·1 answer
  • The strategy that outlines how, when, and where a product will be made available to consumers is referred to as a
    9·2 answers
  • produces class rings. Its​ best-selling model has a direct materials standard of grams of a special alloy per ring. This special
    8·1 answer
  • The balance sheet of Indigo Company at December 31, 2019, includes the following. Notes receivable $54,600 Accounts receivable 1
    7·1 answer
  • Richard makes monthly house payments that include a pro rated portion of real property taxes and insurance. The taxes and insura
    12·1 answer
  • Creble Company reported net income for 2016 in the amount of $40,000. The company's financial statements also included the follo
    13·1 answer
  • The primary role of money in the economy is to
    6·2 answers
  • Name the four functions of money ​
    12·1 answer
  • services act as a middleman, allowing individuals to securely send and receive money. select all that apply. a. p2p b. b2b c. b2
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!