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
The marketing researcher for Pooch Party, a manufacturer of toys for dogs, has noticed an increased trend in pet owners dressing
otez555 [7]

Answer:

Is large enough to permit a profitable market effort toward its members.

6 0
3 years ago
a consumer's line or constraint shows various combinations of two products that can be purchased with a specific amount of incom
Umnica [9.8K]

A client's line or constraint suggests diverse mixtures of products that may be purchased with a particular amount of income Budget Line shows all the bundles/combinations of two commodities that a consumer can buy with the given income at a given set of prices.

The definition of income is the quantity of money obtained by way of someone, group, or corporation in the course of a certain time period. An example of earnings is a $70,000 a 12 months income. For most people, profits manner their overall profits in the shape of wages and salaries, the return on their investments, pension distributions, and different receipts.

Various mixtures of profits assets may be used to derive this type. as instance, at the maximum precise degree, the profits sources are blended into five components: wages and salaries, self-employment income (farm and non-farm), government switch payments, investment earnings, and other profits.

Learn more about income here:

brainly.com/question/26316390

#SPJ4

4 0
1 year ago
How would you write a business memorandum to this topic?
Artyom0805 [142]

Answer:

To ,

The Concern specialists/Editor/Citizens  

Subject: To Generate Cash for social assistance right now tempest and debacle .  

Dear partners ,  

We are confronting an incredible test to loss of our home and harms to our infrastructural improvement . As, I am another business visionary . I wish to contribute cash to greatest individuals with the goal that they can fix their home. This can not be conceivable without your important commitment and backing. I demand each resident , understudies, clients of treats, specialists and so forth to contribute wilfully at all you wish to do right now cause and at the hour of crisis.  

Looking for your gifts and an important commitment.  

Yours Sincerely,  

SALLY  

Proprietor AND SOLE PROPRIETOR  

CALIFORNIA COOKIES  

USA

3 0
3 years ago
An accounting report that shows the changes in capital during the accounting period is a/an A. balance sheet. B. income statemen
saw5 [17]
D would be the answer
4 0
2 years ago
Read 2 more answers
A program trade is:_________. A. a trade of 10,000 (or more) shares of a stock. B. a trade of many shares of one stock for one o
neonofarm [45]

Answer:

The answer is: D

Explanation:

Program trading is the use of computer programs or algorithms to trade a portfolio of stocks at a high frequency and in large numbers. These algorithms, essentially 'machine traders', are created  to make trades on behalf of humans and are anticipated to have more precision and speed than human traders. However, these trades are created, monitored and analysed by human traders. The New York Stock Exchange classifies the coordinated trading of a group of 15 or more stocks with a combined market value of $1, 000, 000 as program trading.

6 0
3 years ago
Other questions:
  • What term refers to the methods involved in processing information, applying knowledge, forming perceptions, and making decision
    8·2 answers
  • Undesirable traits that a person should avoid when driving are
    12·2 answers
  • Van pays the following medical expenses this year:
    13·1 answer
  • . Calculate the cost of the raw material (Gilden) purchases by month and in total, for the third quarter.
    9·1 answer
  • At the adjourning stage of team development, the team members are most likely to:________
    5·2 answers
  • The general ledger of Vance Corporation as of December 31, 2020, includes the following accounts: Copyrights $30,000 Deposits wi
    14·1 answer
  • Beerbo purchased a patent from Mitter Lite Co. for $1,000,000 on January 1, 2018. At that time, the patent's useful life was 10
    7·1 answer
  • Wayne Company's beginning and ending inventories for the month of June were as follows:
    15·1 answer
  • Mountain High Ice Cream Company transferred $68,000 of accounts receivable to the Prudential Bank. The transfer was made without
    10·1 answer
  • You gave some clothes for. dry cleaning. Your suit was spoiled you went to the dry cleaner and made the compliant .
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!