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
dlinn [17]
3 years ago
13

Walmart is thinking about offering a 25% discount on a brand of shoes. If the elasticity of demand is two, then the discount wou

ld increase sales by: A.50%. B.2%. C.200%. D.25%.
Business
1 answer:
sweet-ann [11.9K]3 years ago
6 0

Answer:

A.50%.

Explanation:

The price elasticity of demand formula is:

PED = Change in quantity demanded / change in price

plugging the amounts into the formula we obtain:

2 = X / 25%

Now, simply solve for X:

2 x 25% = X

50% = X

Thus, the total quantity demanded would increase by 50%

You might be interested in
Wendy was in Walmart and noticed a display with baking items collected together and a little pad with recipes to tear off. She l
mote1985 [20]

Answer:

B. limited decision making

Explanation:

Based on the information provided within the question it can be said that in this scenario Wendy undertook a limited decision making process. This refers to when a consumer makes a decision that requires very little amount of time and effort to make. Which seemed to be the case since Wendy immediately saw the product, looked at the recipe, and instantly decided it would be a good product to purchase.

7 0
3 years ago
The ABC Corporation decreases all of its inputs by 12 percent and finds that its output falls by only 8 percent. This means that
RoseWind [281]

Answer:

In the range of diseconomies of scale

Explanation:

Economies of scale refers to a concept whereby a firm accrues cost advantage owing to it's increased scale of production.

Economies of scale points towards efficient production.

Conversely, Diseconomies of scale refers to the phase wherein a firm experiences cost disadvantages owing to increase in organizational operations and output level.

Reasons for operation of this phase being, lack of motivation and proper coordination between employees since there are too many employees and management gets difficult.

In the given case, as the corporation decreased it's inputs, the output fell less proportionately which means the firm was earlier operating in the phase of diseconomies of scale.

6 0
3 years ago
You are a financial manager. your assistant tells you that there will be a cash flow gap next month, meaning that cash outflows
sashaice [31]
The answer is greater than cash inflows. The explanation behind this is cash flow gaps happen when cash outflows are greater than cash inflows. Cash flow budgets assist financial managers determine whether the business needs to seek outside sources of funds beyond sales to manage projected cash shortages.
3 0
3 years ago
A customer who sold a bond at a loss must wait how long before he can buy back a substantially identical bond and not have the s
Lelu [443]
A customer who sold a bond at a loss must wait how long before he can buy back a substantially identical bond and not have the sale classified as a wash sale? 
30 days. 

8 0
3 years ago
Analyze a local space that is open to the public. It can be a store or mall, a club, restaurant, or a school (like COC), perhaps
enyata [817]

Answer:

Local spaces open for public to help them with social activities. Parks, gyms, store, mall and clubs are some of local spaces which are open to everyone for gaining relaxation in their leisure time.

Explanation:

People are busy in weekdays and they need some place for relaxation on weekend. There are many places which provide with recreational activities for people to relax and spend their weekends with their family.

7 0
3 years ago
Other questions:
  • What is foolproof definition of looking like a fool
    10·1 answer
  • What are some union issues that are in the popular press (news, magazines,
    6·1 answer
  • how would you predict the survivorship curve of a developed country would compare to that of a developing country
    6·1 answer
  • During the current year, Sam received interest income from the following investments: $400 from State of Wyoming bonds, $200 fro
    13·1 answer
  • Michael is the project manager in a Manufacturing Company he wants his organization to use technology for higher revenue and pro
    8·2 answers
  • What did Deng Xiaoping not do to begin the transition of China's economy away from central planning and toward a market-based ec
    12·1 answer
  • The electronic version of the owner guide contains the same information that is found in the paper owner guide that is placed in
    7·1 answer
  • The existence of the underground economy causes gross domestic product (gdp) statistics to _____
    10·1 answer
  • According to msrb rules, if a control relationship exists between an issuer and a municipal securities dealer, the nature of tha
    10·1 answer
  • A company sold equipment that originally cost $280,000 for $140,000 cash. the accumulated depreciation on the equipment was $140
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!