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
worty [1.4K]
3 years ago
11

If the price elasticity of demand for used cars priced between $4,000 and $6,000 is -0.9 (using the mid-point method), what will

be the percent change in quantity demanded when the price of a used car falls from $6,000 to $4,000
Business
1 answer:
Leviafan [203]3 years ago
5 0

Answer: 36% increase in quantity demanded.

Explanation:

Price Elasticity shows the change in quantity demanded when there is a change in price.

Change in Quantity demanded = Price elasticity * Change in price.

Change in price using midpoint formula;

= \frac{New price - Old Price}{\frac{New Price + Old Price }{2} } \\\\= \frac{4,000 - 6,000}{\frac{4,000 + 6,000 }{2} } \\\\= \frac{-2,000}{5,000} \\\\= -0.4

Change in Quantity demanded = -0.9 * -0.4

= 0.36

= 36% increase

You might be interested in
HELPPP
ZanzabumX [31]

Answer: self-serve food ordering

Explanation:

<u>Self-service kiosks or self-ordering kiosks</u> are customer-facing devices that allow customers to place orders and make payments <u>without the assistance of a cashier.</u>

6 0
2 years ago
Martinez Corporation commenced operations in early 2020. The corporation incurred $48,500 of costs such as fees to underwriters,
igomit [66]

Answer:

See below.

Explanation:

Since the expenses are related to the formation of the business, we first capitalize these expenses and record them in our balance sheet as,

Debit Intangible Assets (Formation) by $48,500

Credit Cash/Bank by $48,500

This records an asset for the year of operation.

We amortize or depreciate these type of capitalized costs over a defined period of time. Assuming that we write off the entire cost by the end of first year we will record amortization as,

Debit Amortization expense/Income statement by $48,500

Credit Intangible Assets (Formation) by $48,500

Hope that helps.

7 0
3 years ago
If a consumer buys Charmin bath tissue that is the exact same quality as a generic brand only more expensive, Charmin has create
Vlada [557]

If a customer purchases Charmin bath tissue at a price that is higher but of the same quality as a generic brand, Charmin has established brand equity with the customer.

What does "brand equity" entail?

A marketing term for a brand's value is "brand equity."Consumer experiences and perceptions of the brand determine that value.Positive brand equity indicates that people value a brand.

What is a brand when multiple products are sold under the same name?

Umbrella branding, also known as family branding, is a marketing strategy in which a single brand name is used to sell two or more products that are related to one another.Companies with positive brand equity (the value of a brand in a particular market) typically employ umbrella branding.

Learn more about brand equity here:

brainly.com/question/29733482

#SPJ4

7 0
1 year ago
Ginger's working on creating her first Google Search Ad. She wants to create an inviting and relevant ad, so potential customers
pav-90 [236]

has a larger font size

includes a current promotion

is listed after search results

includes at least two different colors

has a relevant headline

Answer:

has a relevant headline

includes a current promotion

Explanation:

A google search ad is a paid advertisement that is created to promote a product or service using the google ads platform and they appear in the search results on Google. To create a relevant ad that will earn user clicks, Ginger should focus on creating an ad that has a relevant headline that is related to the product or service so that it will attract the potential customers that are looking what she is offering. Also, the ad should include a current promotion that will increase potential customer's interest and call them to action.

The other options are not right because having a large font size, being listed after search results  and including at least two different colors  won't get customers interest and lead them to act by clicking on the ad.

7 0
3 years ago
Peyton sells an office building and the associated land on May 1 of the current year. Under the terms of the sales contract, Pey
Westkost [7]

Answer:

$2,466,000

Explanation:

Given that,

Cash Received = $1,600,000

Mortgage assume by purchaser = $950,000

Broker's commission = $75,000

points paid by seller = $9,000

Peyton's amount realized:

= Cash Received + Mortgage assume by purchaser - broker's commission - points paid by seller

= $1,600,000 + $950,000 - $75,000 - $9,000

= $2,466,000

Therefore, the amount realized by Peyton is $2,466,000.

4 0
2 years ago
Other questions:
  • EDP is trying to decide between two different conveyor belt systems. System A costs $438,000, has a six-year life, and requires
    10·1 answer
  • Tara deposits money into an account with a nominal interest rate of 6 percent. She expects inflation to be 2 percent Her tax rat
    8·1 answer
  • Julie has worked for the healthy nut bread company for several years. recently, management recognized her as one of the company'
    9·1 answer
  • Discuss the principle of Acquisitions Management thoroughly. What is the most important? What do you think will become more impo
    10·1 answer
  • New growth theoryLOADING... suggests that the accumulation of knowledge capital can be slowed because knowledge is both nonrival
    9·1 answer
  • Ian, a senior employee, has been assigned a task by his manager, Miranda. He has been asked to monitor the activities of some ne
    9·1 answer
  • A new aluminum part production facility opened for business, selling products for $9,000 each. The rent on the facility building
    6·1 answer
  • Do you feel it is easier or harder to deliver a presentation online versus face to face? Why?
    6·1 answer
  • The Wall Street Journal reported the following spot and forward rates for the Swiss franc ($/SF):Spot...........................
    14·1 answer
  • Do you believe the statements of politicians are more likely to be true than those of business entrepreneurs? Why or why not?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!