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
gladu [14]
3 years ago
9

Suppose a shortage in materials results in decrease in the supply of golf balls in the United States of 5%. If the elasticity of

demand of golf balls sold in the US is -0.8, the new equilibrium price will be
Business
1 answer:
snow_lady [41]3 years ago
5 0

Answer:

price elasticity of supply (PES) = % change in quantity supplied / % change in price

  • PES = -0.8
  • % change in quantity supplied = -5%

-5% = -0.8 / % change in price

% change in price = -0.8 / -5% = 16%

we are not given the initial price of the golf balls and I looked for similar questions but couldn't find any. But assuming that the initial price is $1, then the new price = $1 x (1 + 16%) = $1.16. If the initial price was $2, then new price = $2 x (1 + 16%) = $2.32. And son on.

You might be interested in
Goodwill represents the excess of the implied value of an acquired company over the
Paul [167]

Answer: Option A

                                           

Explanation: In simple words, goodwill refers to the additional value that an organisation have from its identifiable assets due to its operations over a period of time.

In other words, it can be defined as an intangible asset which an organisation creates over a period of time while establishing the brand image. These assets are not depreciated but are tested for impairment every year. For example brands like apple, Reebok and McDonald have high goodwill in the market which attracts customers towards them

Thus, from the above we can conclude that the correct option is A.

6 0
3 years ago
What do you want to be when you a grow up? I want to be a model or a fitness model or a boxer or a professional tahitian dancer
ra1l [238]
I haven’t decided exactly what I wanna do yet, but here are my options:

-Interior designer
-Psychology counseling
-Fashion designer
-Small business owner (cafe?)
-Or something in the cosmetic indestry
5 0
3 years ago
Katlyn Williams owns a company that makes specialized components for the aerospace industry. Her most important customer is a co
omeli [17]

Answer:

Need to accommodate the growth of a key customer.

Explanation:

In the given scenarios Katlyn is motivated to keep her company growing because her most important customer is a company that is growing at a rate of 33% per year.

To satisfy the customer needs for specialised components of aerospace equipment, Katlyn's company must also grow in output or they will not be able to satisfy the customer's need.

This demonstrates need to accommodate the growth of a key customer.

7 0
3 years ago
Read 2 more answers
A Rhode Island company produces communion wafers for churches around the country and the world. The little company produces a lo
Furkat [3]

Answer:

80,640 wafers

Explanation:

Calculation to determine How many wafers does the cooling tube hold on average when in production

Using this formula

I = R x T

Where,

R = 112 wafers per second x 60

R = 6720 wafers per minute

T = 12 minutes

Let compute for I using the formula aboi

I = 6720 x 12

I = 80,640 wafers

Therefore How many wafers does the cooling tube hold on average when in production are 80,640 wafers

6 0
3 years ago
Why is a high-quality bond typically considered a lower-risk investment than a stock?
Verdich [7]
<span> <span>In investment, the term risk can be defined as the possibility of the investor losing all or part of their capital in a given venture. High quality bonds are considered lower risk because the the investor is promised to receive face value after a certain period unlike stocks that do not carry the same promise. Returns on high quality bonds are also guaranteed in the form of fixed interest rates whereas in stocks, a company may pay dividends but this is not an obligation on their part. Lastly bonds are safer investment as they are less susceptible to abnormal price changes unlike stocks whose prices can easily swing in either direction.</span></span>
8 0
3 years ago
Other questions:
  • The _________ __________ of a speech are the major ideas that you will relay to receivers through your speech.
    13·1 answer
  • The span of control for a manager:
    10·1 answer
  • How can formal business documents help managers solve problems?
    5·2 answers
  • ​Company's Manufacturing Overhead account is given below. Use this information to prepare the journal entry to adjust for overal
    13·1 answer
  • Set during the marketing research process, __________ are the specific, measurable goals the decision maker seeks to achieve in
    5·1 answer
  • These items are taken from the financial statements of Martin Corporation for 2017.
    9·1 answer
  • When a claim is settled by a title insurance company, the company acquires all rights and claims of the insured against any othe
    10·1 answer
  • Namita is voting in a state election. She selects the candidate she wants to be state senator, a position that involves drafting
    12·1 answer
  • Investors can postpone or avoid income taxes by investing through individual retirement accounts.
    14·1 answer
  • To select nonadjacent items, hold down the ________________ key while selecting the items.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!