Answer:
Price elasticity of demand = 2.6
Explanation:
Given:
Old price (P0) = $70
New price (P1) = $60
Old sales (Q0) = 10,000 units
New sales (Q1) = 15,000 units
Computation of Price elasticity of demand(e):
Midpoint method
![e=\frac{\frac{Q1-Q0}{\frac{Q1+Q0}{2} } }{\frac{P1-P0}{\frac{P1+P0}{2} } }](https://tex.z-dn.net/?f=e%3D%5Cfrac%7B%5Cfrac%7BQ1-Q0%7D%7B%5Cfrac%7BQ1%2BQ0%7D%7B2%7D%20%7D%20%7D%7B%5Cfrac%7BP1-P0%7D%7B%5Cfrac%7BP1%2BP0%7D%7B2%7D%20%7D%20%7D)
By putting the value:
![e=\frac{\frac{10,000-15,000}{\frac{10,000+15,000}{2} } }{\frac{60-70}{\frac{60+70}{2} } }\\e=\frac{\frac{-5,000}{\frac{25,000}{2} } }{\frac{-10}{\frac{130}{2} } }\\](https://tex.z-dn.net/?f=e%3D%5Cfrac%7B%5Cfrac%7B10%2C000-15%2C000%7D%7B%5Cfrac%7B10%2C000%2B15%2C000%7D%7B2%7D%20%7D%20%7D%7B%5Cfrac%7B60-70%7D%7B%5Cfrac%7B60%2B70%7D%7B2%7D%20%7D%20%7D%5C%5Ce%3D%5Cfrac%7B%5Cfrac%7B-5%2C000%7D%7B%5Cfrac%7B25%2C000%7D%7B2%7D%20%7D%20%7D%7B%5Cfrac%7B-10%7D%7B%5Cfrac%7B130%7D%7B2%7D%20%7D%20%7D%5C%5C)
![e=\frac{\frac{-5,000}{12,500} }{\frac{-10}{65} }](https://tex.z-dn.net/?f=e%3D%5Cfrac%7B%5Cfrac%7B-5%2C000%7D%7B12%2C500%7D%20%7D%7B%5Cfrac%7B-10%7D%7B65%7D%20%7D)
e = 2.6
Answer:
Explanation:
The total assets comprises of current assets, fixed assets ,and the intangible assets
The current assets includes cash, stock, account receivable, etc
Fixed assets include plant & machinery, land, equipment, furniture & fittings, etc.
And, the intangible assets include patents, copyrights, goodwill, etc.
The preparation of the classified balance sheet for Nike, Inc on May 31, 2022 is presented in the spreadsheet. Kindly find the attachment below:
<span>If the Fed expands the money supply by $1
trillion, the money market will be (letter C.) the equilibrium interest rate
will fall, and more money will exchanged in equilibrium. It is because people
will have more money to spend. Some would choose to use this money to buy goods
and services while other opt to put their money in banks which may lead to
lower interest rates to persuade people in borrowing. </span>
Answer:
when you ask a question and you get one answer you cant give someone brainliest until another person answers and after two people answer you chose which one is the best by clicking the little crown in the upper right corner of their answers
Explanation: