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
Svetlanka [38]
3 years ago
15

When the price of a textbook falls by 4 ​percent, the quantity demanded of textbooks increases by 5 percent. What is the price e

lasticity of demand for textbooks​?
Business
1 answer:
just olya [345]3 years ago
5 0

Answer:

The price elasticity of demand for textbooks is 1.25

Explanation:

Price elasticity of demand is given by percentage change in quantity demanded divided by percentage change in price

Percentage change in quantity of textbooks demanded = 5%

Percentage change in the price of a textbook = 4%

Price elasticity of demand for textbooks = 5% ÷ 4% = 1.25

You might be interested in
What is the difference between ancient trade and modern trade ​
alexira [117]

Answer:

The main difference between traditional trade and modern trade is that, distribution in modern trade is more organized. Retailers often deal directly with manufacturers. Many large retail chains have integrated their services to offer their own brands in groceries and other goods.

Explanation:

6 0
3 years ago
A new business owner would want to know the competition’s strengths for all the following reasons EXCEPT
Rudiy27

Answer:

Option D

To me, I think option D is the most preferred answer

6 0
3 years ago
Correct identification of the underlying root cause is the desired outcome of the ________________ approach to problem solving.
Citrus2011 [14]

Answer:

Letter A is correct. <u>Cause-oriented.</u>

Explanation:

A cause-oriented approach to problem solving is a method characterized by focusing on the history of the problem and then thereafter finding the root cause that originated it.

It is a very effective method when used to find solutions to various organizational problems that are apparently unsolved.

8 0
3 years ago
What is a metric when it comes to data analysis? Please provide a definition.
kati45 [8]

Answer:

Metrics are the numbers you track, and analytics implies analyses and decision making. Metrics: What you measure to gauge performance or progress within a company or organization. Your most important metrics are your key performance indicators, or KPIs.

Explanation:

7 0
2 years ago
A bank loans Kellie's Print Shop $350,000 to remodel a building near campus to use as a new store. On their respective balance s
erma4kov [3.2K]

Answer: b. an asset for the bank and a liability for Kellie's Print Shop. The loan does not increase the money supply.

Explanation:

Banks make money by loaning out money to people and companies. This means that loans are an asset to banks because it enables them to generate cash.

Kellie's Print Shop will have to pay back to loan however which means that it is a liability to them because they owe the bank.

This loan will not increase the money supply because if not explicitly stated that it does, we assume that the loan was made from bank deposits by other bank customers which means that it is already part of the money supply.

8 0
3 years ago
Other questions:
  • A not-for-profit university operates its college book-store as an auxiliary enterprise. During the year the store has revenues o
    13·1 answer
  • Laura is 8; her performance on a series of tasks is equivalent to that of the average 10-year-old. her intelligence quotient is:
    9·1 answer
  • Chavez Corporation reported the following data for the month of July: Inventories: Beginning Ending Raw materials $ 29,000 $ 31,
    12·1 answer
  • In a conditional expression that includes logical operators, the and operator has a lower order of precedence than the _________
    7·1 answer
  • Which statement is correct? In the short run, the pure monopolist will maximize total profits by producing at that level of outp
    8·1 answer
  • _______ is the process of deciding where one page ends and the next begins. A. Pagination B. Word wrap C. Crop D. Editing
    7·1 answer
  • Required information [The following information applies to the questions displayed below.] On October 1, Ebony Ernst organized E
    5·1 answer
  • One line for mother. ​
    6·1 answer
  • A moderately-priced jewelry store is trying to differentiate itself from other jewelry stores. The store prices products somewha
    12·1 answer
  • The term consumer sovereignty means that Multiple Choice government is responsible for protecting consumers' interests. what is
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!