If the price elasticity of demand for a product is -2.5, then a price cut from $2.00 to $1.80 will <u>increase </u>the quantity demanded by about <u>2.5%</u>.
Price elasticity of call for is a measurement of the trade in the intake of a product on the subject of exchange in its price. Expressed mathematically, it's miles: charge Elasticity of demand = percent trade-in quantity Demanded / percentage trade-in rate.
we are saying a great is price elastic whilst growth in prices causes a bigger % fall in demand. e.g. if fee rises 20% and demand falls 50%, the PED = -2.five. Examples consist of Heinz soup.
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An example of a virtual team is a group of employees who participate in a motorcycle riding group that meets outside of the company.
A virtual team, sometimes referred to as a remote team, is made up of individuals who communicate and work via technology like audio and video conferencing from geographically separate locations.
<h3>What is a Virtual Team?</h3>
A virtual team, sometimes referred to as a geographically dispersed team or a remote team, is a collection of individuals who communicate with one another online. Members of a virtual team typically reside in several geographic locations.
- Remotely working groups of coworkers are known as virtual teams. These coworkers communicate via tools like email, Slack, and Zoom while working remotely rather than in an office. These coworkers work together online and hardly ever interact in person.
- The same characteristics consistently appear in studies and lists: empathy, justice, listening and communication skills, sincerity, and decision-making. Teams are motivated and inspired by leaders.
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Answer:
Overdraft fees and credit cards
Explanation:
READING BUT NOT BORING OR NOT LAME BUT GOOD
Answer:
The correct answer is option A.
Explanation:
Consumer spending refers to the expenditure of households on consumer goods and services. The aggregate consumer spending depends upon the disposable income of the consumer, the real interest rate, consumer optimism and wealth.
Consumer spending is positively related to disposable income, consumer optimism and wealth. The real interest rate is inversely related to consumer spending.
