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
nikdorinn [45]
3 years ago
7

The demand for emeralds tends to be very elastic. This is because emeralds are more of a _____________. It also means that a 33%

off sale on emerald necklaces would bring about _________________ in the total revenue of the emerald necklace supplier.A) luxury item, a decreaseB) necessity, an increaseC) luxury item, an increaseD) luxury item, no changeE) necessity, no change
Business
1 answer:
Natalka [10]3 years ago
8 0

Answer:

C) luxury item, an increase

Explanation:

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price.

An elastic demand means a small change in price leads to a greater change in quantity demanded.

A luxury good is a good that isn't a necessity. They are usually bought as a status symbol.

Luxury goods usually have elastic demands.

Emeralds are luxury goods and if there's a fall in price of emeralds the quantity demanded of emeralds would rise.

I hope my answer helps you

You might be interested in
You have successfully started and operated a company for the past 10 years. You have decided that it is time to sell your compan
VikaD [51]

Answer:

$5,225,417

Explanation:

first payment 800000

1 quarter         250000

2 quarters 254000

3 quarters 258064

4 quarters 262193

5 quarters 266388

6 quarters 270650

7 quarters 274981

8 quarters 279380

9 quarters 283851

10 quarters 288392

11 quarters 293006

12 quarters 297694

13 quarters 302458

14 quarters 307297

15 quarters 312214

16 quarters 317209

17 quarters 322284

18 quarters 327441

19 quarters 332680

20 quarters 338003

11% = (1 + i/4)⁴

i = 0.106

quarterly interest = 2.65%

Now we need to determine the present value of this  annuity and our discount rate is 2.65%. I will use an excel spreadsheet to determine the present value of the 20 quarterly payments and then add the initial payment.

$4,425,417 + $800,000 = $5,225,417

5 0
3 years ago
In 2-5 paragraphs, describe how you plan to use at least one technology you learned about in the course in order to work more ef
Wewaii [24]

I will use one the technology to boast my work output so that i can be more efficient in my business dealings and boast productivity.

<h3>What is the role of technology?</h3>

The use of technology is one that has helped a lot of business professionals to be more and more efficient in their work output.

Therefore, I will use one the technology to boast my work output so that i can be more efficient in my business dealings and boast productivity as it also helps to  keep employee information safe.

Learn more about technology from

brainly.com/question/11265745

#SPJ1

5 0
2 years ago
Mrs. Cox, a head of household, earned a $313,000 salary and recognized a $29,300 net long-term capital gain this year. Use Indiv
SCORPION-xisa [38]

Explanation:

. $4,395 ($29,300 long-term capital gain × 15%)

6 0
3 years ago
If a U.S.-based automobile parts supplier were to apply a global mind-set to its internal analysis, it would: a. review sales da
Stella [2.4K]

The correct option is, (d) study all of its internal resources with an understanding of which capabilities offer value to meet the needs of U.S., Japanese, European, and Korean automakers.

<h3>What will happen in theory if a company is able to align its strategy and structure?</h3>
  • A business is debating altering its organizational structure in order to capitalize on a consumer trend.
  • The business recognizes the potential revenue that could result from this new consumer behavior, which is very profitable.

<h3>Which of the following is an example of an intangible company resource?</h3>
  • Trademarks, goodwill, and patents are a few examples of intangible assets.

<h3>Why is IT important for a company to align its IT strategy to business strategy?</h3>
  • IT strategy and business goals should be coordinated to ensure that everyone is on the same page and working toward the same objectives.
  • This helps to guide and inform decision-making.
  • IT systems are more likely to be useful, well-used tools when they are chosen and implemented in accordance with an organization's strategic goal.

Learn more about internal analysis here:

brainly.com/question/6426686

#SPJ4

6 0
2 years ago
Suppose that the total utility from consuming one unit of good X is 54 utils, the total utility of two units of good X is 74 uti
mars1129 [50]

Answer: a. 10 utils

Explanation: The marginal utility from consumption of the third unit of goods is gotten by taking the difference between the total utility derived from three units of goods and the total utility derived from two units of goods.

Total utility from three units = 84 utils

Total utility from two units = 74 utils

84 - 74 = 10 utils which is the marginal utility of the third unit.

4 0
3 years ago
Other questions:
  • What piece of information is most helpful when you're comparing investments?
    12·1 answer
  • What is the definition of managerial capitalism?
    5·1 answer
  • Nguyen's Sporting Goods is having difficulty obtaining the credit it needs to expand. What should the company do in order to all
    11·1 answer
  • In a period of steadily rising prices (meaning the cost to purchase inventory is increasing over time), what would be the implic
    12·1 answer
  • A 6 percent, annual coupon bond is currently selling at a premium and matures in 7 years. The bond was originally issued 3 years
    9·2 answers
  • Suppose that borrowing is restricted so that the zero-beta version of the CAPM holds. The expected return on the market portfoli
    7·1 answer
  • Caitlin has a credit card with a spending limit of $1500 and an APR (annual percentage rate) of 18%. During the first month, Cai
    6·1 answer
  • Treasury spot interest rates are as follows: Maturity (years) 1 2 3 4 Spot rate (EAR) 1.4% 2.8% 3.6% 4.5% What is the price of a
    13·1 answer
  • Segment Contribution Margin Analysis The operating revenues of the three largest business segments for Time Warner, Inc., for a
    11·1 answer
  • Extra Sandwiches, a sandwich chain, experiments with offering a free bag of chips with its sandwiches in the South to try out it
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!