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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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aleksandr82 [10.1K]

Answer:D. reject the offer because it will produce a net loss $21,000

Explanation:

Net income or loss is the total of firm's income less it's total cost( fixed and variable) . The contract will result in a loss $5 per unit which multiply by the total units of 4200 gives $21,000

7 0
3 years ago
Assume that in January 2017, Vivendi announced a €1.2 billion bond issuance. The bonds have a coupon rate of 6.75% payable semia
andriy [413]

Answer:

C. The coupon rate on these bonds would have been higher if Standard and Poor's, Moody's, and Fitch had assigned lower credit ratings

Explanation:

Assume that in January 2017, Vivendi announced a €1.2 billion bond issuance. The bonds have a coupon rate of 6.75% payable semiannually. Assume the bonds have been assigned credit ratings of BBB (stable outlook) by Standard and Poor's, Baa2 (stable outlook) by Moody's, and BBB (stable outlook) by Fitch.

Which of the following is not true? The coupon rate on these bonds would have been higher if Standard and Poor's, Moody's, and Fitch had assigned lower credit ratings.

8 0
3 years ago
The present government has initiated the tax reforms such as relaxation of taxes on relaxing a property sales tax, and removal o
DochEvi [55]

Answer:

= the IS curve shifts right and the

economy moves along the LM curve

Explanation:

= the IS curve shifts right and the

economy moves along the LM curve= the IS curve shifts right and the

economy moves along the LM curve= the IS curve shifts right and the

economy moves along the LM curve

5 0
2 years ago
Describe your personal definition of leadership.
Inessa [10]
Leadership is showing the way to people and making people better.
5 0
2 years ago
A company was the victim of several frauds that totaled approximately $10 million in one year. With a profit margin of 10 percen
Arisa [49]

Answer:

100,000

Explanation:

Given that

Approximately frauds = $10 million

Profit margin = 10%

And the sale value of the product per unit = $1,000

So by considering the above information, the additional units is

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= 100,000

So by multiplying the approximate frauds with the profit margin we can get the additional units

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3 years ago
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