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lutik1710 [3]
3 years ago
15

If demand for a given good is elastic, then a given percentage change in price will bring about a(n) __________ percentage chang

e in quantity __________.
Business
1 answer:
Volgvan3 years ago
8 0

Answer:

The correct answer is letter "A": larger; demanded.

Explanation:

Elasticity is the characteristic of goods and services by which their quantity demanded changes in proportion to the change in prices. <em>Elasticity is calculated by dividing the percentage change in the quantity demanded by the percentage change in price.  </em>

<u><em>If the result is equal to or greater than one (1), the demand for the product is elastic, meaning a minimum change in price causes a greater change in quantity demanded</em></u>. If the result is lower than 1, the demand is inelastic which implies that changes in the price of a product almost do not change the quantity demanded.

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28. Which feature is most reliable when comparing an individual to their ID photo?
Nastasia [14]

Answer:

their eyes

hope it helps

4 0
3 years ago
What is the average defection rate for grocery store shoppers in a local area of a large city if customers spend $60 per visit,
nekit [7.7K]

Answer:

Average defection rate = 3.9%

Explanation:

Average defection rate is the rate are which customers stop using a companie's products and services.

It could result from move to other competitors.

To calculate use the following formula

Customers per year= Spending per visit* Yearly frequency* Gross margin* (1/Defection rate)

3,200= 60* 52* 0.04*(1/Defection frequency)

Defection frequency (3,200)= 124.80

Defection rate= 124.80/3,200= 0.039= 3.9%

7 0
4 years ago
A $150 petty cash fund has cash of $54 and receipts of $83. The journal entry to replenish the account would include a
Reptile [31]

Answer:

Option A.

Explanation:

It is given that a $150 petty cash fund has cash of $54 and receipts of $83.

We need to find the journal entry to replenish the account.

Cash and receipts = Cash + receipts

                               = $54 + $83

                               = $137

Short for cash = Cash fund - Cash and receipts

                       = $150 - $137

                       = $13

The required journal entry to replenish the account would include a debit to Cash Over and Short for $13.

Therefore, the correct option is A.

3 0
3 years ago
The next dividend payment by Grenier, Inc., will be $1.48 per share. The dividends are anticipated to maintain a growth rate of
SOVA2 [1]

Answer:

Required rate of return = 10.75%

Explanation:

<em>The value of a stock using the dividend valuation model, is the present value of the expected future dividends discounted at the required rate of return. The required rate of return is the cost of equity </em>

The model is represented below:

P = D× (1+g)/ ke- g

Ke- cost of equity, g - growth rate, p - price of the stock

This model can used to work out the cost of equity, as follows:

Ke = D× (1+g)/p + g

Ke = (1.48× 1.05)/27   + 0.05

Ke= 0.107555556

Required return =  0.1075  × 100 = 10.75

Required rate of return = 10.75%

5 0
3 years ago
Assume Sheryl Jenkins wants to accumulate $ 13,241.39 in two years. She currently has $ 10,621.36 to invest. What interest rate
WITCHER [35]

Answer: 11.65%

Explanation:

The $13,241.39 is a future value amount as it is what is to be accumulated in 2 years.

Future value formula therefore applies:

Future value = Current value * ( 1 + interest rate) ^ no. of years

13,241.39 = 10,621.36 * ( 1 + i) ²

(1 + i)² = 13,241.39 / 10,621.36

(1 + i)² = 1.24667556697

1 + i = √1.24667556697

i = 1.116546267 - 1

i = 11.65%

8 0
3 years ago
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