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Margarita [4]
3 years ago
14

Suppose the cross-price elasticity of demand between goods X and Y is 4. How much would the price of good Y have to change in or

der to increase the consumption of good X by 20 percent?
Business
1 answer:
boyakko [2]3 years ago
3 0

Answer:

Increase by 5%.

Explanation:

Given that,

cross-price elasticity of demand between goods X and Y = 4

Percentage increase in consumption of good X = 20 %

cross-price elasticity of demand = Percentage change in quantity demanded for good X ÷ Percentage change in price of good Y

4 = 20 ÷ Percentage change in price of good Y

Percentage change in price of good Y = 20 ÷ 4

                                                                = 5%

Therefore, the price of good Y must be increase by 5% in order to increase the consumption of good X by 20 percent.

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The Perry Company reported Accounts Receivable, Net of $64,400 at the beginning of the year and $73,700 at the end of the year.
bija089 [108]

Answer:

28.06

Explanation:

The formula for calculating this is,

(Average Account Receivable / Net Sales Revenue) * 365

Hence the answer is calculated as:

(69050 / 898000) * 365 = 28.06.

Hope this helps.

Good Luck.

3 0
3 years ago
In one of the training sessions in your company, you notice several members are not from the United States. These members are al
Alja [10]

Answer:

Go-round

Explanation:

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One technique to encourage these members to express their opinion is by employing the go - round discussion method. This can give them the courage to voice their opinion when it is their turn to speak

5 0
3 years ago
Bruce and lou, who sit next to each other, distract each other in the classroom. the teacher has tried rewarding them for approp
krek1111 [17]
It is an example of manipulation the antecedent stimulus. It is a way having desirable behavior to be done accordingly and in an appropriate way in order for effect to increase. It could be seen above as when the teachers applied of having changes to their seat, it is likely that they would rarely distract the class. It is an example of having the increase the odds so that the behavior could be done accordingly.
5 0
3 years ago
The ________ is an incomplete picture because a single number cannot fully reflect the sources of the underlying differences in
Sveta_85 [38]

Answer:

Income inequality ratio

Explanation:

The income inequality ratio is an incomplete picture because a single number cannot fully reflect the sources of the underlying differences in income.

Income inequality refers to the uneven distribution of income among the population of a particular place. It is the difference in the allocation of income in a particular country.

Income inequality occurs across different segments of the population such as gender(male and female), ethnic group, occupation, geographical location etc.

The Gini index is widely used to compare disparities in income.

6 0
4 years ago
In the economy of Panicia, the monetary base is $1,000. People hold a third of their money in the form of currency (and thus two
Angelina_Jolie [31]

Answer:

(a) rr: 1/3, cr: 0.5, m:1.8 M: 1800

(b) 1500

(c) 200

8 0
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