The answer is : The demand is elastic.
Elasticity =
[(80,000 - 180,000)/((80,000+180,000)/2)]/[($40 - $30)/(($40 + $30)/2)]|
[(-100,000/130,000)]/[(10/55)] = -.7692/.1818= -4.23
The answer is -4.23, however when considering own price elasticity of demand, we ignore the negative sign and look at the absolute value to determine whether it is elastic or inelastic.
Answer:
If a currency such as the US$ is traded in a competitive market, a(n) increase in demand for the US$ raises the price of the US$ in terms of another currency such as the Japanese Yen (yen).
Explanation:
Basic offer and demand law.
Answer:
D. Conviction of a felony.
Explanation:
The basis for the suspension is the <u>Conviction of a felony</u>. As common, significantly more severe the violation, that has more severe the penalty. As an illustration but observed guilty of a misbehavior violation, thou may only have to give a penalty. If a court declares a felony conviction after that you may be inspecting various years in the penitentiary. Remaining convicted concerning a felony is a dangerous matter.
Answer:
E. Follow-up
Explanation:
The follow-up stage is a stage of the selling process which offers a prime opportunity for salespeople to solidify customer relationships through great service quality.
Follow-up means things that can be done by the salesperson in order to Improve customer relation.
Follow-up services helps to:
1. Increase sales: Customers who are satisfied with your services are more likely to come back and patronise you more.
2. Follow-up services helps producers to innovate on their products. Follow-up service includes listening to customers complaint and needs. This allows a producer to Improve on its product.
3. Follow-up services helps a business to stand out among other businesses because only few business follow-up
on their customers.
4. Existing customers refer new customers to patronise you and customers develop a sense of trust in your product and services.
5. Follow-up services helps to increase profit because firms make more sales.
