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
Misha Larkins [42]
3 years ago
12

5. Describe a product you know of that has elastic demand. Why is the demand for this

Business
1 answer:
nalin [4]3 years ago
4 0

A good or service is said to be highly elastic if there is a a slight change in price this will cause a  sharp change in the quantity. Usually these kinds of products are readily available in the market - example is jewelry. lottery ticket.

You might be interested in
In a Cournot market with two firms, the inverse market demand curve is P = 20 – 0.5Q, where Q = q1 + q2. (Firm 1's output = q1;
Ksenya-84 [330]

Answer:

MR = 10 – 1q1.

Explanation:

Demand function, P = 20 – 0.5Q

Q = q1 + q2

Now insert Q in the P = 20 – 0.5Q.

P = 20 – 0.5 (q1 + q2)

We have the value of q2 = 20.

P = 20 – 0.5 (q1 + q2)

P = 20 – 0.5 (q1 + 20)

P = 20 – 0.5q1 – 10

P = 10 – 0.5q1

Total revenue of firm 1, TR = Pq1

TR = 10q1 – (0.5q1)^2

Now MR is the differentiation of TR. So the MR after differentiation if TR of firm 1 is:

MR = 10 – 1q1

4 0
3 years ago
ix company issued 16,000 shares of $10 par value common stock at a market price of $21. as a result of this accounting event, th
Nikolay [14]

Answer:

increase by $336,000.

Explanation:

Options are <em>"1. increase by $176,000.  2. increase by $336,000.  3. increase by $160,000.  4. be unaffected."</em>

<em />

Common stock will increase by $160,000, the par value, and paid-in capital in excess of par value will increase by $176,000, for a total increase in stockholders' equity of $336,000.

3 0
3 years ago
. Assume a home buyer puts 20% down on a $250,000 house and uses a mortgage to borrow the rest. What will the amount of the mort
Elina [12.6K]
20% down will be $50,000 so the balance will be $200,000 to take out a mortgage for. The higher the down payment the lower the mortgage required and lower payments would ensue also. Also, once one has a mortgage it ie wise to pay it by the week to reduce the interest. Over time this practice makes a difference.
7 0
3 years ago
Read 2 more answers
Julie is looking to sell her flower shop. She should hire a(n) _____ to help her find a buyer and negotiate the sale.
Alchen [17]

Answer:

B is the answer for the question

8 0
3 years ago
If a cost is a common cost of the segments on a segmented income statement, the cost should:_________.
worty [1.4K]

Answer:

the correct answer is

If a cost is a common cost of the segments on a segmented income statement, the costshould:A) be allocated to the segments on the basis of segment sales.

Explanation:

hope this helps u!!!

8 0
3 years ago
Other questions:
  • Apple Inc. is the number one online music retailer through its iTunes music store. Apple sells iTunes gift cards in $15, $25, an
    14·2 answers
  • You are a technical analyst for computer networking solutions for businesses. A client of yours owns a catering business that is
    9·2 answers
  • A special agreement between the lender and the borrower to delay a foreclosure is known as what...? Lis Pendens Postponement For
    8·1 answer
  • why do you think many people are in jobs that are not satisfying? do organization help people craft satisfying and motivating jo
    14·1 answer
  • Identify two to three factors that affect revenue, expenses, and profit in the business of the Super Bowl:
    11·1 answer
  • Which of the following government agencies estimates and compiles the U.S. GDP accounts? Multiple Choice the Bureau of Economic
    11·1 answer
  • An owner withdrawal of $20,000 would: A. decrease owner’s equity and increase assets by $20,000. B. increase owner’s equity
    10·1 answer
  • Both normal and special cause variation add to project cost and need to be considered by project managers
    8·1 answer
  • In regards to credit, what does capacity mean?
    14·1 answer
  • Average Accounting Return. Concerning AAR:a. Describe how the average accounting return is usually calculated and describe the i
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!