If the demand for product x is inelastic, a 15 percent decrease in the price of x will: Reduce by more than 15 percent the amount of X that is being requested. Reduce by less than 15 percent the amount of X that is being requested.
This is further explained below.
<h3>What is the inelastic market?</h3>
Generally, An economic concept known as inelastic refers to an item or service's static quantity when its price varies. When a product's price increases or decreases, customers' purchasing patterns are said to be inelastic, which indicates that neither change affects the other.
In conclusion,If there is no elasticity in the demand for product x, then a price reduction of 15% for product x will have the following effects: The quantity of X that is being requested should be decreased by more than 15 percent. The quantity of X that is being sought should be decreased by more than 10 but less than 15 percent.
Read more about the inelastic market
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Answer:
D. $ 4,000.50
Explanation:
Purchase of merchandise $ 4,000
Return of merchandise $ (275)
Net purchase of merchandise <u>$ 3,725</u>
Discount allowed @ 2 % of $ 3,725 $ (74.50)
Add: Transportation costs allowed <u>$ 350</u>
Total amount paid to merchandise <u>$ 4,000.50</u>
The merchandise returned is considered to determine the net purchases. Since the payment was made on the payment terms and discount is availed, that is also reduced.
The transportation costs is also added to the cost of the merchandise
Answer: True
Explanation:
Under the discipline of computer science, the ADT i.e. abbreviated as abstract data type is referred to as a mathematical configuration for the data types, under which the data type is mostly defined by the manner of conduct from the perspective of the user, specifically with regards to their values, operations on the data, and further the conduct of the operations.
Answer:
The statement is true.
Explanation:
The statement is true and correct that the Top company is a vulnerable company as vulnerable in business means that the company is weak and the reason due to which the top company is vulnerable as from last 40 years, the top manufacturing company is producing only a single product and does not engage in expanding the business.
Therefore, the correct option is A.