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Sliva [168]
3 years ago
14

A study found that, among addicted smokers, a 10 percent increase in the price of cigarettes resulted in a 2 percent decrease in

quantity demanded. For these consumers, cigarettes have a
Business
1 answer:
Rina8888 [55]3 years ago
8 0

Answer:

10% increase in Cigarette price with a 2% decrease in quantity demanded:

This implies that "for the addicted smokers, cigarettes have a" demand that is inelastic. The demand curve is said to be inelastic.

Explanation:

If the demand for an item changes proportionately less than the price changes, then the item is said to be price inelastic.  This means that an increase in price does not change the demand for the product in equal proportion to the price increase.  In our example, the demand curve for cigarettes is inelastic since a price increase of 10 percent only decreases the quantity demanded by 2 percent.

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Ben Collins plans to buy a house for $188,000. If the real estate in his area is expected to increase in value by 3 percent each
Sunny_sXe [5.5K]

Answer:

The value after seven years from now is $231,216.29

Explanation:

The computation of the expected value would be seven years from now is shown below:

Here we use the future value formula i.e. shown below:

Future value = Present value × (1 + interest rate)^number of years

= $188,000 × (1 + 0.03)^7

= $188,000 × (1.03)^7

= $231,216.29

Hence, the value after seven years from now is $231,216.29

6 0
3 years ago
General motors’ stand against apartheid in south africa was based upon what came to be known as _____. the human rights moveme
vovikov84 [41]
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3 years ago
Family capital A. refers to financial assistance offered to families by the government. B. typically helps families obtain bette
Serhud [2]

Answer:

C. can be used to help one's children in school

Explanation:

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From the definition of family capital, it can then be used to help one's children in school. So, the family work together in order to make their children educated and become better citizens of the nation. <em>An efficient family</em> can affect the society <em>by producing a surplus of resources</em> that the society can benefit from.

So, this explains the answer.

6 0
3 years ago
Soar Incorporated is considering eliminating its mountain bike division, which reported an operating loss for the recent year of
Vesnalui [34]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

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3 years ago
In 2007, Salesforce.com recognized an emerging market for platform as a service (PaaS) offerings and developed a new competency
Debora [2.8K]

Answer:

Option D. Building new core competencies to create and compete in markets of the future.

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The market entrants when enter they don't have any share of market. To attain the market they bring with them uniqueness in their product which the rival companies cann't offer. For this reason, many existing companies try to add additional capabilities and competencies in its existing strengths. This uniqueness achieved gives a competitive advantage which means the correct option is option D.

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