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ser-zykov [4K]
3 years ago
15

Suppose consumers spent $42 million on Christmas trees last year, when the average tree cost was $30. This year they spend $42 m

illion, when the average tree costs $25. Assume that everything else remains constant. This data suggests that _____
Business
1 answer:
faltersainse [42]3 years ago
4 0

Answer:

The question is incomplete

Choose one correct answer from the following;

a.​the demand for trees is inelastic.

b. total revenue to tree producers rose this year.

c. consumers bought the same number of Christmas trees this year as last year.

d.​the price of the Christmas trees stayed the same.

e.​the demand for trees is unit elastic.

The answer is e.​the demand for trees is unit elastic.

Explanation:

Price elasticity of demand =( (25-30)/30 *100)/ 1680-1400/1400 *100)=1.2

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Outline reasons why some chemicals are not suitable for man's use​
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2 years ago
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klasskru [66]

Answer:

The given above statement that advertising helps in developing and managing brand is true.

Explanation:

For a company, brand management ( which means developing and maintaining brand image of your company, in order to create a good relationship with its target consumers ) is very important for its success and proper advertising and promotion can help in creating a good brand image of the company.

With the help of advertisement, a company can deliver a message to its target consumers telling about the benefits of its brands and why their brand is much better than other competitors , and by delivering this message , a company would be able to influence the purchase decision of its consumers.

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You have just won a contest where the prize is either a new motorcycle, with an MSRP of $30000, or $20000 in cash. You do not ha
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