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
luda_lava [24]
3 years ago
7

As the price of gummy bears rises from $2.40 to $2.80, what is the price elasticity of demand of (i) sugar-free gummy bears and

of (ii) ordinary gummy bears? use the midpoint method and specify answers to one decimal place. be sure to use the absolute value for the elasticity of demand.
Business
1 answer:
azamat3 years ago
7 0
The price of gummy bears rises from $2.45 to $2.85, what is the price elasticity of demand of (i) sugar-free gummy bears and of (ii) ordinary gummy bears? Use the midpoint method and specify answers to one decimal place. Be sure to use the absolute value for the elasticity of demand.


You might be interested in
Eve’s Pastries & Pies contracts with Fruits 2 You, Inc., for strawberries to be delivered by Kool Refrigerated Trucking. On
Sati [7]

Answer:

a. may ship the strawberries to Eve’s using a different carrier.

Explanation:

Since a transport malfunction has occurred, Fruits 2 You has to find a feasible way to do what was concluded in the contract in the first place. Since it is still possible to ship the strawberries (goods) using a different carrier, contract termination is the last resort when tackling these issues. Although certain losses would emerge, it is still suggested to fulfill the contract.

5 0
3 years ago
Which of the following statements accurately describes the free enterprise
hjlf

Answer: Businesses are generally free of government ownership and control

3 0
3 years ago
Read 2 more answers
Natural monopolies are usually set up in order to:
Alika [10]

Answer:

I believe the answer is D

4 0
2 years ago
Read 2 more answers
The Landrum Company provides the following standard cost data per unit of product: Variable overhead $ 8.00 Landrum anticipated
Lubov Fominskaja [6]

Answer:

variable overhead flexible budget= $10,000 unfavorable

Explanation:

Giving the following information:

Variable overhead $ 8.00

The company produced and sold 25,000 units

Incurred $210,000 of variable overhead costs.

<u>To calculate the variable overhead flexible budget, we need to use the following formula:</u>

variable overhead flexible budget= actual amount - variable overhead per unit*actual units

variable overhead flexible budget= 210,000 - (8*25,000)

variable overhead flexible budget= $10,000 unfavorable

6 0
3 years ago
In voluntary exchange, if the seller of a product gains,
Ber [7]
The answer to this question is C. The buyer must also gain; Mutual gain provides the foundation for exchange.
6 0
3 years ago
Other questions:
  • McCanless Co. recently purchased an asset for $2,000,000 that will be used in a 3-year project. The asset is in the 4-year MACRS
    8·1 answer
  • What does it mean when a return is reject for code 0503
    9·1 answer
  • Tim and Michelle have decided to form a partnership with a​ 60/40 partnership interest ratio. Tim contributes cash and merchandi
    15·1 answer
  • Paige Company estimates that unit sales will be 10,800 in quarter 1, 12,800 in quarter 2, 14,400 in quarter 3, and 18,300 in qua
    11·1 answer
  • Juanita receives her paycheck and knows that her gross pay and federal tax are correct. Using the fact that Social Security tax
    9·1 answer
  • Macy's department stores carry a wide range of product lines, including clothing, jewelry, kitchenware, and home furnishings. Al
    13·1 answer
  • A local sports team sends out messages to cell phones of loyal fans informing them about a tailgate event before the next home g
    9·1 answer
  • Current Position Analysis The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal y
    9·1 answer
  • Margaret Moore started her own consulting firm, Carla Vista Consulting, on May 1, 2020. The following transactions occurred duri
    6·1 answer
  • Vacation Pay and Pension Benefits Harvey Company provides its employees with vacation benefits and a defined contribution pensio
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!