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
viktelen [127]
3 years ago
12

When going from a price of $160 per unit to a price of $140 per unit, what is the price elasticity of demand of GPS units?

Business
1 answer:
olya-2409 [2.1K]3 years ago
7 0

The correct answer is the following.

When going from a price of $160 per unit to a price of $140 per unit, the price elasticity of demand for GPS units is -2.33.

The proper calculation is the following. (80-120)/120= -0.334

(160-140)/140= 0.1429=-0.334/0.1429=-2.33.

When we refer to the economic term "price elasticity," we considered it as the change in the quantity demanded of a good and the change it presents in its price. This concept refers to the sensitivity of the price's product. Its formula to calculate the Price Elasticity of Demand is % change in Quantity Demanded / % change in price.

You might be interested in
Describe the abilities of someone with analytical/research skills. Somebody please help me!!!!!!!!!!!!!
Neko [114]
Somebody whose job is to provide analytics or research should always be someone who is very good at quantitative analysis.  They should be good with math and numbers, because their job is to analyze a business.  The same goes for research.  A good researcher is good at math because they have to analyze large datasets.  This person would also be pretty detail-oriented because they need to make sure that they are not making small mistakes, as small mistakes could result in poor decisions that come out of their analysis.

Does that make sense?
8 0
3 years ago
Read 2 more answers
Why did Guardbark want people to not disturb the trees?
vichka [17]

Answer:

Why did the Guardbark want people to leave trees alone? ... He wanted the trees to be left alone because they give us oxygen and are the habitats of lots of diverse species.

I found this answer on google so I hope this helps.

3 0
3 years ago
Read 2 more answers
A cement manufacturer has supplied the following data: Tons of cement produced and sold 275,000 Sales revenue$979,000 Variable m
tresset_1 [31]

Answer:

65%

Explanation:

Given that

Sales = $979,000

Variable manufacturing expense = $232,000

Variable selling and administrative expense = $110,650

The computation of contribution margin ratio is shown below:-

Contribution margin ratio = (Sales - Variable manufacturing expense - Variable selling and administrative expense) × 100 ÷ Sales

= ($979,000 - $232,000 - $110,650) × 100 ÷ $979,000

= ($979,000 - $342,650) × 100 ÷ $979,000

= $636,350 × 100 ÷ $979,000

= 65%

3 0
3 years ago
Zephyr Electricals is a company with no growth potential. Its last dividend payment was $4.50, and it expects no change in futur
VARVARA [1.3K]

Answer: $50

Explanation:

We can use the Gordon Growth Model of Stock Valuation. The formula is thus,

P = D1 / r – g

D1 = the annual expected dividend of the next year

r = rate of return

g = the expected dividend growth rate (assumed to be constant)

There is no growth potential and dividends are expected to stay the same so no growth rate and D1 will be the same as D0.

Plugging that into the formula therefore will give us

P = D1/r

P= 4.5/0.09

= $50

Current Stock Price is $50.

6 0
3 years ago
Huron Investments issues $1 million in 13.250% bonds maturing August 11, 2028. The bond is callable August 11, 2023 at a call pr
Whitepunk [10]

Answer:

Huron Investments issues $1 million in 13.250% bonds maturing August 11, 2028. The bond is callable August 11, 2023 at a call premium of 2.500%. August 11, 2023 the prevailing yield is 5.250%. If Huron Investments calls the entire issue and replaces it with 5.250% bonds also maturing August 11, 2028 then each semi-annual coupon payment will decrease by <u>$125,000</u>

Explanation:

Change in semi-annual coupon = (13% - 6.75%) x 4m / 2 = $125,000

6 0
3 years ago
Other questions:
  • A few weeks after marion had her phone number changed, she wrongly gave out her former phone number. the most likely explanation
    5·1 answer
  • Which of the following ratios appears on a common-size balance sheet? I. Debt to asset ratio II. Net working capital to total as
    8·1 answer
  • Tracy and Lance, equal shareholders in Macaw Corporation, receive $600,000 each in distributions on December 31 of the current y
    8·1 answer
  • How does a merchandising business act as a collection agency for the state government?
    13·1 answer
  • Capstone Corp. reported $150,000 of comprehensive income for 2014. It also reported the following:
    15·1 answer
  • The Sports Warehouse operates in two distinct segments; equipment and apparel. The income statements for each operating segment
    13·2 answers
  • Kellogg's sells many different breakfast cereals, including Corn Flakes, Rice Krispies, Frosted Flakes, Raisin Bran, and Special
    15·1 answer
  • you are going to deposit $19000 today. You will earn an annual rateof 3.3 percent for 11 years, and then earn an annual rate of
    14·1 answer
  • True or False.
    14·1 answer
  • When comparing the difference between an upstream and downstream transfer of inventory, and using the initial value method, whic
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!