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
Svetllana [295]
3 years ago
12

Suppose that at a price of $8, 13,600 units were sold while at a price of $6, 15,200 units were sold. Without calculating the va

lue of price elasticity of demand , can you determine whether demand is elastic, unit elastic, or inelastic between the price of $6 and the price of $8?
Business
2 answers:
HACTEHA [7]3 years ago
5 0

Answer:

Inelastic between the price of $6 and the price of $8

Explanation:

At price $8, the total expenditure ;

= price * Quantity

=$8 * 13600

=$108,800

At price $6, the total expenditure;

=$6 * 15200

=$91,200

Since the total expenditure is decreasing with a decrease in price then the elasticity of demand will be inelastic.

Doss [256]3 years ago
5 0

Answer:

Inelastic

Explanation:

The elasticity of demand is the response of consumers to a change in the price of a product (Barnier, 2020). It is calculated as the percentage change in the quantity demanded divided by the percentage change in price.  

Looking at the number of units sold at each price ($6 and $8), we can determine that the demand is inelastic. The percentage change in demand is smaller than the percentage change in price.  This means that the demand curve will be steep.

You might be interested in
English - Hey, so I'm starting a little business. I'm going to be customizing shoes. If you want a pair of shoes please tell me.
amm1812

Answer:

Sure, I'll check it out. I love fashion.

4 0
3 years ago
Read 2 more answers
Olivia was returning from her break when her boss saw her and stated, "I noticed your break was especially long this afternoon."
mamaluj [8]

The given change in Olivia’s work presentation happened because of Filtering

<u>Explanation: </u>

A communication barrier is something that stops us from accessing and interpreting communications that other people use to communicate their knowledge, thoughts, and ideas.

Filtering is a transmitter that handles information in this way the recipient would be included more favorably. The number of rates in an organization's framework is the main factor in determining of the filtering. Filtering also happens when the recipient of the message enables multiple persons to pass the information before reaching their final destination.

A Few examples of filtering have included a manager who leaves her boss, the vice-president, in the midst of the bad news, with the poor sales statistics from her division.

6 0
3 years ago
Should i study buisness like is it hard
Len [333]

Answer:

idk, just go for it if its wut u want

Explanation:

8 0
3 years ago
At the time of Carol's 10 year high school reunion she was making $30,000 and the CPI was 90. Now that is is time for her to att
Klio2033 [76]

No, Carol's real income fell during that 10-year period.

[(30,000 ÷ 90 × 100) is > (65,000 ÷ 200 × 100)].

<h3><u>How Does the Consumer Price Index (CPI) Work?</u></h3>

The change in prices that American consumers pay each month is tracked by the Consumer Price Index (CPI). The CPI is calculated by the Bureau of Labor Statistics (BLS) as a weighted average of prices for a selection of goods and services that are indicative of overall consumer spending in the United States.

A common indicator of inflation and deflation is the CPI. The CPI report employs a different survey methodology, price sample, and index weights than the producer price index (PPI), which gauges changes in the prices paid by American producers of products and services.

<u>What Purposes Does the CPI Serve?</u>

Policymakers and the financial markets carefully monitor the CPI Index as an indicator of inflation. The cost of living adjustments for federal benefit payments is computed using a linked CPI metric.

<u>How is the CPI determined?</u>

When calculating the CPI, the Bureau of Labor Statistics takes a monthly sample of 94,000 prices and weights each index according to its share of recent consumer spending to determine the total change in prices. In the computation, the substitution impact is also taken into account, which occurs when customers divert their spending away from goods whose prices are rising relative to other goods.

Learn more about CPI with the help of the given link:

brainly.com/question/26682248

#SPJ4

8 0
1 year ago
Please help
Andrew [12]

Answer: It’s research the issues

Explanation:

The other answer is wrong

3 0
2 years ago
Other questions:
  • Suze says that YFB’rs are broke. She gives 10+ reasons why, what are 3 of the reasons of why they are broke?
    13·1 answer
  • The range rule of thumb roughly estimates the standard deviation of a data set as​ _______.
    11·1 answer
  • In the 1970’s the Ford Motor Company sold its subcompact Pinto model with known design defects. In particular, the gas tank’s de
    8·1 answer
  • Closely held corporations sell shares of stock to the public. <br> True <br> False
    13·2 answers
  • Tom buys a shirt for $22.00 plus 7% sales tax. His cousin buys a shirt for $18.00 plus 4% sales tax.How much do Tom and his cous
    15·1 answer
  • McGuire Company acquired 100 percent of the voting common shares of Able Corporation by issuing bonds with a par value and fair
    15·1 answer
  • How has technology changed in education
    5·1 answer
  • Jeremy is working on a spreadsheet which part of the information processing cycle will justify Jeremy’s use of the spreadsheet a
    6·1 answer
  • Explain the effect of a lack of shortage of entrepreneurs in the economy ​
    8·1 answer
  • You decide that reading the textbook tonight will lay the foundation for your later success in your economics class. which of th
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!