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geniusboy [140]
3 years ago
15

When price decreases, quantity increases. Price elasticity of demand measures how much ________.a. The price decreasesb. The pri

ce increasesc. The price decreases when quantity increasesd. The quantity increases when price decreases
Business
1 answer:
erastova [34]3 years ago
6 0

Answer:  

Price elasticity of demand measures how much the quantity increases when price decreases.

Explanation:

Price elasticity is the percentage change in the quantity demanded, divided by the percentage change in the price.

If the percentage in the change in the quantity demanded is bigger than the percentage in the change of the price we talk about elastic demand.

If the percentage in the change in the quantity demanded is smaller than the percentage in the change of the price we talk about inelastic demand.

And if he percentage in the change in the quantity demanded is excatly the same than the percentage in the change of the price we talk about unit elastic demand.

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Name 2 of the 10 School Based Enterprise instructional Units
mars1129 [50]

Answer:

1.  Financial Analysis

2.  Marketing-Information Management

Explanation:

A school-based enterprise often referred to as SBE is an entrepreneurial undertaking in a school setting that participates in goods/services delivery to address the needs of the market.

SBEs are organized and regulated by students as practical learning laboratories that incorporate National Curriculum Standards in various departments such as marketing, finance, hospitality or management.

Hence, the full 10 School Based Enterprise instructional Units are the following:

1. Financial Analysis

2. Marketing-Information Management

3. Operations

4. Market Planning

5. Product/Service Management

6. Pricing

7. Distribution/Channel Management

8. Promotion

9. Selling

10. Human Resources Management

7 0
4 years ago
As an elected official, you have been informed that real gdp is below its potential and that action should be taken to encourage
il63 [147K]

To find the answer, we first calculate the multiplier.

By using the equation,

ms= 1 ÷ (1 – MPC)

MPC = marginal propensity to consume = 0.8

ms= 1 ÷ (1 – MPC) = 1 ÷ (1 - 0.8)

= 5

Thus, the multiplier is 5.

An increase in government spending = $600 billion

Now, multiplied $600 billion by the multiplier, which is 5.

$600 billion x 5

= $3,000

Thus, the answer is $3,000 billion increase in real GDP.

6 0
3 years ago
Brock Co. adopted the dollar-value LIFO inventory method as of January 1, Year 6. A single inventory pool and an internally comp
goldfiish [28.3K]

Answer:

When using dollar-value LIFO, the ending inventory at current year cost must first be converted to base year cost. The 12/31/Y2 inventory at base year cost is given as $60,000. Since the 12/31/Y1 inventory at base year cost was $45,000 ($40,000 base layer and $5,000 year 1 layer), a new layer of $15,000 was added in year 2 ($60,000 − $45,000). This layer must be restated using the year 2 price index. The year 2 price index is computed using the double-extension technique, as illustrated below.

4 0
3 years ago
Aarp expects agents offering aarp-branded products to demonstrate five key behaviors when interacting with customers. Aarp wants
Andre45 [30]

Answer: Effortless and inspiring

Explanation:

3 0
2 years ago
You deposit $12,000 today into an account that pays you 12% annual interest, compounded daily. How much do you have in 40 years
vazorg [7]

Answer:

$1,456,975.19

Explanation:

FV = P (1 + r / m)^nm

FV = Future value

P = Present value

R = interest rate

N = number of years

M = number of compounding per year

$12,000 ( 1 + 0.12/365)^14600 = $1,456,975.19

I hope my answer helps you

4 0
3 years ago
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