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vodomira [7]
4 years ago
13

Mark is selling gourmet apples at a price of ​$3 per pound. ​ currently, he sells 150 pounds of apples per week. this​ week, mar

k raises his price to ​$5​, and his sales of apples fall to 100 lbs. ​mark's initial revenue from apple sales was ​$ nothing. ​mark's new revenue from apple sales is ​$ nothing. since​ mark's revenue increased when the price of apples​ rose, the demand for​ mark's gourmet apples must be ▼ elastic unitary inelastic .
Business
2 answers:
Korvikt [17]4 years ago
6 0

Answer:

Inelastic

Explanation:

In this example, we learn that Mark's revenue increased when the price of the apples rose. This means that the demand for Mark's gourmet apples must be inelastic. The elasticity of demand refers to the degree to which demand responds to a change in another economic factor. Elastic demand exists when the changes in demand follow the changes in price. Inelastic demand occurs when consumers do not significantly change their habits, regardless of changes in price.

Dafna1 [17]4 years ago
4 0
Mark's initial revenue was $450 (150lb)($3) and his new revenue was $500 (100lb)($5). Since Mark's revenue increased when the price if apples rose, the demand for Mark's gourmet applies must be inelastic. Elastic, because even though there was a change in price, the change in price wasn't substantial. 
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The economy's long-run AS curve assumes that wages and other resource prices _____. rev: 06_12_2018 Multiple Choice eventually r
liubo4ka [24]

Answer: eventually rise and fall to match upward or downward changes in the price level.

Explanation:

Long-run aggregate supply (LRAS) curve simply shows the long-term output for a country. In the long-run, it should be noted that the aggregate supply curve is vertical, which shows that the changes in the aggregate demand will only result in a temporary change with regards to the total output of the economy.

The aggregate supply curve of an economy assumes that the wages and other resource prices eventually rise and fall to match upward or downward changes in the price level.

Therefore, the correct option is A.

8 0
3 years ago
Sadie contracted with Sean, who agreed to replace the carpets in her house. Sean damaged some of the walls when he installed the
denpristay [2]

Answer:

Letter d is correct. A waiver of breach

Explanation:

In this situation Sadie filed a waiver of the violation. This occurs when the contractor waives his legal rights in respect of any breach of contract. As was the case with Sean, a contract to replace Sadie's carpeting, which consequently damaged some of its walls, resulting in poor contract performance.

7 0
4 years ago
You are thinking of purchasing a house. The house costs $350,000. You have $50,000 in cash that you can use as a down payment on
jeyben [28]

Answer:

$63,852

Explanation:

The computation is shown below:

a) PV of payments is

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b) The Loan PV of payments is $3,00,000

c) And, the Balloon payment required is

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= ($300,000 - $291,612) × 1.07^30

= $63,852

5 0
3 years ago
The annual percentage rate on a credit card determines
Digiron [165]
My answer -

it determines how much they charge you in interest if you carry a balance. Lower is better. The percentage interest is what they charge you each month, “annual percentage rate” is what you’re paying if you keep that balance for a year. It’s slightly different because in that year, you’re also paying interest on the amount of interest (compound interest) you owe in the previous months.

Not carrying a balance means that you don’t pay interest.


p.s

Let me know if you need anymore help on brainly so I can help you again. Have an AWESOME!!! day :^)


6 0
3 years ago
An agreement between two adults to pay $300 cash for a bicycle is an example of a contract that is
SIZIF [17.4K]
The answer is a valid contract. A valid contract occurs when both parties has expressed or had shown agreement when engaging to certain services or products as means of showing that they both have negotiate and came to an understanding of agreement with what they are pertaining to in which is shown above as the adults involved has an agreement of paying the bicycle that shows a valid contract.

5 0
3 years ago
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