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erica [24]
3 years ago
9

Tom Cruise is a 17 year old high school student who works as an assistant manager at the local movie theater. If an increase in

the price of movie tickets results in an increase in total revenue at the theater, this is evidence that the demand for movie tickets is:_________a) price elasticb) price inelasticc) unitary elasticd) perfectly inelastice) perfectly elastic
Business
1 answer:
pickupchik [31]3 years ago
5 0

If an increase in the price of movie tickets results in an increase in total revenue at the theater, this is evidence that the demand for movie tickets is  price inelastic.

Option B

<u>Explanation: </u>

Price elasticity of production is often used in economics to explain the reactivity, or elasticity, to increase prices of the quantity requested by a good or service, when only prices change.

In the case of a change in the price of $200 to $202, for example, a 1% rise, and demand change between 1,000 to 995 units, a reduction of less than 1%, the drugs are inelastic.

The drug would be regarded as completely inelastic if the price increase had no impact on the amount ordered. Medical needs and procedures are relatively inelastic since they are necessary for survival, while luxury goods, like cruises and sports cars, are usually fairly elastic.

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Social considerations can be used to justify ____
Yuki888 [10]

Answer:

A) Allowance of a credit for child care expenses - child care is an important part of social policy, and many experts argue that it should be free in order to promote healthy demographics and social cohesion.

C) Allowing accelerated amortization for the cost of installing pollution control facilities - this would make said pollution control facilties cheaper, and less pollution is a social concern and a social policy because it benefits society as a whole. (Pollution is the most common example of externality).

D) Allowing a Federal Income Tax deduction for state and local taxes - as long as these deductions are applied progressively, ideally, only to poor people.

3 0
3 years ago
Which of the following key organizational elements are unique to the fulfillment process?
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Answer:

Key organizational elements are unique to the fulfillment process are:

A) Credit control area

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C) Shipping point

6 0
3 years ago
Three individuals, Mary, Jack and Helen, make up the total demand for donuts per month in a particular market.
Paraphin [41]

The market demand curve would be 1000 - 0.125Q.

<h3>How to calculate the demand curve?</h3>

It should be noted that the market demand curve will be the sum of the individual demand curve.

The market demand curve will be calculated thus. Mary’s demand curve is 5P = 5000 – 1.25QM. Here, p = 1000 - 0.25QM

Jack’s demand curve for donuts is given by P = 1000 – 0.5QJ. Helen’s demand curve is given by QH = 2000 – 2P. This will be P = 1000 - 0.5QH.

The slope will be:

= 0.5 × 0.25

= 0.15

The demand function of Jack and Helen are the same. The demand curve will be 1000 - 0.125Q.

Learn more about demand on:

brainly.com/question/1245771

#SPJ1

5 0
2 years ago
Why language is an important of communication tools? <br>​
eimsori [14]

Answer:

Because Language is a communication tool used by everyone in their daily life as a means to convey information and arguments to others. Explanation:

Makes Sense.

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3 years ago
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