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
jeyben [28]
3 years ago
15

If price increases from $45 to $55, the market quantity supplied increases from 20 units per week to 30 units per week. The pric

e elasticity of supply is _____
Business
1 answer:
hichkok12 [17]3 years ago
4 0

Answer:

The answer is 2.25

Explanation:

Price Elasticity of Supply (PES)= percentage change in Quantity demanded/ percentage change in price

PES= (30-20)/20 *100) /( 55-45)/45*100) = 50%/22.22% = 2.25

You might be interested in
Helppp please
Nikolay [14]
The answer has to be true
6 0
3 years ago
The 2017 and 2016 balance sheets of Rabb Corporation follow. The 2017 income statement is also provided. Rabb had no noncash inv
sladkih [1.3K]

Answer:

I looked for the missing information (IS & BS) since the information was missing

Statement of cash flows

Cash flows from operating activities:

Net income                            $183,500

Adjustments to new income

Depreciation $5,900

Gain on sale of equipment ($4,600)

Increase in accounts receivable ($3,200)

Decrease in inventory $6,500

Increase in prepaid insurance ($700)

Decrease in account payable ($2,600)

Decrease in wages payable ($4,400)

Increase in interest payable $2,100

Increase in taxes payable $5,400

Decrease in accrued expenses payable ($4,000)

Total cash flow provided by operating activities $183,900

Cash flow from investing activities:

Cash provided by sale of equipment $15,100

Cash paid for investments ($117,000)

Cash paid for P, P & E ($27,500)

Total cash flow from investing activities ($129,400)

Cash flow from financing activities:

Cash paid for long term debt ($34,000)

Dividends paid ($22,300)

Common stocks issued $31,000

Total cash flow from financing activities ($25,300)

Net increase in cash $29,200

Beginning cash balance $20,500

Ending cash balance $49,700

5 0
2 years ago
A good experiment should include as many variables as possible at the same time. true or false?
Serggg [28]
True, because the more variables the better
3 0
3 years ago
Read 2 more answers
The need for change to automated sales at Bergman's most likely arises from a(n)_____ force
Fantom [35]

Answer:Behavioral Force

6 0
3 years ago
For the month of September, Florida, Inc., incurs a direct materials cost of $12,000 for 7,500 gallons of strawberry lemonade pr
Ludmilka [50]

Answer:

$0.10 is the correct answer.

Explanation:

8 0
3 years ago
Other questions:
  • What is the purpose of APY?
    11·1 answer
  • This line consists of single-machine stations and is almost balanced (i.e. station rates are nearly equal). A manufacturing engi
    5·1 answer
  • A​ single-price monopoly​ _______. A. experiences economies of scale over the relative portion of the LRAC curve B. is a price t
    15·2 answers
  • Allure Company manufactures and distributes two products, M and XY. Overhead costs are currently allocated using the number of u
    7·1 answer
  • Which of the following describes a non-employee business?
    14·2 answers
  • A debit balance in Allowance for Doubtful Accounts a. is the normal balance for that account b. cannot occur if the percentage o
    14·1 answer
  • Taylor, the human resource manager at a large manufacturing firm, wants to fill an entry-level management position with an inter
    10·1 answer
  • Pina Inc. has outstanding 10,500 shares of $10 par value common stock. On July 1, 2020, Pina reacquired 104 shares at $87 per sh
    5·1 answer
  • If firms are earning zero economic profits, they must be producing at an output level at which Group of answer choices price equ
    9·1 answer
  • Typically, the ________ style of leader avoids dominating groups. autocratic laissez-faire authoritarian democratic
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!