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Alekssandra [29.7K]
3 years ago
15

When demand is inelastic and price is decreased:

Business
1 answer:
REY [17]3 years ago
6 0

Answer:

The correct answer is letter "C": the effect of the decrease in price on total revenue dominates the effect of the increase in quantity demanded on total revenue; overall total revenue declines.

Explanation:

Goods or services have inelastic demand when changes in prices do not affect their quantity demanded. If prices decrease or increase, the quantity demanded will remain at the same level or the change will be so minimal that it is not perceived. It is said then that <em>the decrease in price dominates the effect of the changes in quantity demanded. </em>

However, <em>if prices decrease and the quantity demanded remains the same, the company's overall revenue will decrease.</em>

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option d. is the right option

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3 years ago
Priscilla owns 500 shares of Deltona stock. It is January 1, 2016, and the company recently issued a statement that it will pay
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Answer:

Priscilla's homemade dividend per share be in 2017 will be $3.585

Explanation:

In order to calculate what will be Priscilla's homemade dividend per share be in 2017 we would have to use the following formula:

homemade dividend=(Dividend in 2016×(1+Required rate))+Dividend in 2017

homemade dividend=($1×(1+8.5%))+$2.50

homemade dividend=$1.085+$2.50=$3.585

Priscilla's homemade dividend per share be in 2017 will be $3.585

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3 years ago
If private investors put a lot of money into the U.S. economy, the gross domestic product will increase. What else will likely o
Phoenix [80]
An increase in jobs and inflation.
8 0
4 years ago
Which of the following consists of everything outside an organization's boundaries that might affect how the business operates?
seraphim [82]

The external factors that might affect how the business operates are:

  • A. Domestic business environment
  • B. Political-legal environment
  • C. External environment

<h3>What are the external factors that impact business operation?</h3>

The external factors that impact business operations include:

  • Social
  • Economic
  • Competitive
  • Demographic
  • Global factors
  • Technological
  • Political and legal.

The corporate culture of an organization is outside its boundaries.

Thus, the external factors that might affect how the business operates are Domestic, Political-legal, and External environments and not the corporate culture.

Learn more about an organization's external environments at brainly.com/question/15020066

#SPJ1

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2 years ago
After years of using a mass marketing strategy, Digital Print Shops has responded to new competition from national chain stores
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Answer:

B : Niche marketing

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4 years ago
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