Elasticity of demand is a measurement used in economics to show how people respond and demand a product or service when nothing but the price changes.
If Walmart were to discount a shoe by 25% and the demand of the shoes is two pair, sales would increase by 50%. People are purchasing two pairs at this price and receiving 25% off of each pair.
C is your answer (ik it’s likely a little late now, but this will help others who need it♂️)
Changes in key characteristics like sex, age, or status can change the Demographic Trend of an area
Answer:
Following are the response to the given choice.
Explanation:
A residual value guaranteed 36000
Less: Residual value expected 35000
Difference 1000
5%, 5 periods PV Factor 0.7835
PV of the amount added $784
Added Amount = $784
Answer:
d. 201
Explanation:
The computation of the capacity requirement is shown below:
= Order size in units × labor hours per unit + setup time
= 2,000 units × 0.10 hours + 1
= 200 hours + 1
= 201 hours
Simply we multiplied the order size with labor hours per unit and add the setup time so that the correct hours could come. So, we take all the items for the computation part.
