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Anna35 [415]
3 years ago
11

Which of the following is not a major determinant of the price elasticity of demand? A. availability of close substitutes B. pro

portion of income spent on the good C. amount of time that has elapsed since the price change D. quantity of goods available
Business
1 answer:
pav-90 [236]3 years ago
5 0

Answer:

The correct answer is option D.

Explanation:

The price elasticity of demand can be defined as the degree of responsiveness of quantity demanded of a commodity to a change in the price of the commodity.  

The price elasticity of demand depends on several factors including

  1. Availability of close substitutes
  2. The proportion of income that is spent on the good
  3. Amount of time consumers have to adapt to the price change

If there are cheaper substitutes available in the market then the demand will be relatively elastic. Similarly, if a small proportion of income is being spent on the good than the demand will be relatively inelastic. Demand in a short period will be inelastic. Though elasticity of demand is not affected by the number of goods available.

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3 years ago
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Sam and sadie charge people to park on their lawn while attending a nearby craft fair. at the current price of $10, eight people
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I guess the correct answer is they would do better charging $15 than $10.

Tom and Sadie charge people to park on their lawn while attending a nearby craft fair. At the current price of $10, eight people park on their lawn. If they raise the price to $15, they know that only six people will want to park on their lawn. Whether they have eight or six cars parked on their lawn does not affect their costs. From this information it follows that they would do better charging $15 than $10.

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3 years ago
Which of the following items would be a way to manipulate the cash flow from operating activities amount on the statement of cas
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Explanation:

<em>Hope it helped</em>

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3 years ago
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The difference between the observed points and the regression line points is equal to the?
earnstyle [38]

The difference between the observed points and the regression line points is equal to the correlation.

Correlation is a statistical measure of how linearly two variables are related (that is, do they change at a constant rate). This is a general tool for describing simple relationships without stating cause and effect.

Correlation and regression analysis are used in business to predict potential outcomes so that companies can make informed, data-driven decisions based on predictions of event outcomes. increase.

Correlation analysis in market research is a statistical technique that determines the strength of the relationship between two or more variables.

Learn more about correlation here:brainly.com/question/28091015

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The process of determining the present value of future cash flows in order to know their worth today is referred to as:______.
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Calculating the present value of a cash flow or series of cash flows that will be received in the future is the process of discounting.

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