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
Sati [7]
3 years ago
9

With the increased usage of cell phone services, what should we expect to have happened to the price elasticity of demand for la

nd-line telephone services? Group of answer choices It has become more income elastic It has become more price inelastic. The absolute value of the price elasticity coefficient has probably gone down. It has become more price elastic.
Business
1 answer:
adell [148]3 years ago
8 0

Answer:

It has become more price inelastic

Explanation:

Elasticity of demand for any good can be defined as degree of responsiveness of any good with respect to change in demand factors like price or income. Hence it signifies consumer sentiments as how will the goods demand change when there is change in price.

Highly elastic goods mean that with slight change in price there is large change in demand of good.

Highly inelastic goods mean any change in demand factor like income, price will not affect the demand of the goods.

Now going for landlines telephone. With the widespread use of mobiles phones, usage of landline phones has decreased significantly. Hence any change in price for landlines is not going to affect it demand as very few people are using it.

Using the above mentioned rational we can say that It has become more price inelastic is the most suitable answer.

You might be interested in
When businesses collect demographic information on where people live, what they buy, and how they spend their time, they are res
snow_tiger [21]

Answer:

Social environment.

Explanation:

When businesses collect demographic information on where people live, what they buy, and how they spend their time, they are responding to the social environment. The social environment comprises of values, beliefs, practices, customs and behaviors of a group of people living together in a society and how their actions influence their surroundings or environment.

Demographics can be defined as the study and analysis of the characteristics of a population based on pre-defined factors such as education, race, income, sex or gender, and age.

Additionally, businesses gather, analyze and use demographic informations about people in the target market so as to have a competitive edge or advantage and to help build a strong relationship.

7 0
4 years ago
In 2009, the imaginary nation of Viloxia had a population of 5,000 and real GDP of 500,000. In 2010 it had a population of 5,100
Rashid [163]

The correct answer is A. During 2009 real GDP in Viloxia grew by 2 percent, which is about the same as average U.S. growth over the last one-hundred years.

Given that in 2009, the imaginary nation of Viloxia had a population of 5,000 and real GDP of 500,000, and in 2010 it had a population of 5,100 and real GDP of 520,200, to determine the growth of real GDP in Viloxia during 2009, the the following calculations must be made:

  • Total GDP / population = real GDP
  • 500,000 / 5000 = X
  • 100 = X
  • 520,200 / 5100 = X
  • 102 = X
  • 102 - 100 = 2

Therefore, during 2009 Viloxia's GDP grew by 2 percent, which is about the same as average U.S. growth over the last one-hundred years.

Learn more in brainly.com/question/4131508

6 0
3 years ago
Amazon Corporation has preferred stock outstanding that pays a $12.80 annual dividend. It price is $158. What is the required ra
nordsb [41]

Answer:

8.10%

Explanation:

The required rate of return (yield) on the preferred stock = Dividend / Price

= $12.80 / $158  = 0.0810126582278481 = 8.10%

5 0
3 years ago
A typical American worker covered by unemployment insurance receives _____ percent of his former wages for up to ________ weeks.
erica [24]

Answer:

correct answer is 50% and 26 weeks

Explanation:

solution

American worker wage replacement rate for the minimum wage worker is 50 percent of former wage

and weekly benefit  for the full time and full year worker earn minimum wage they not replace 50 percent of lost income

and worker  run out of benefit  prior to  standard that is 26 weeks

so correct answer is 50% and 26 weeks

5 0
4 years ago
Adeeb is part of a group of students who are working with a bakery to collect marketing research. The bakery wants to determine
bagirrra123 [75]

Answer:

C) exploratory research

Explanation:

When the problem is not clearly defined, investigators usually use exploratory research. In this case, what does it mean for a pastry to be successful: has good taste, sells a lot, increases revenue, is profitable, how can it be improved, etc.

There are simply too many options that can define if a product is successful or not. This is why Adeeb's team prepared a survey that include questions that were not that specific. Why do you like or dislike the pastry? If the pastry's price is X would you buy it, if its price is Y?

The purpose of exploratory research is to better understand and gain knowledge about the problem, but it is really difficult for this type of research to provide a definite conclusion or answer.

3 0
3 years ago
Read 2 more answers
Other questions:
  • 1.
    12·2 answers
  • Which is true about what a customer typically expects from a support technician?
    5·1 answer
  • When interests rates are low, spending deceases. True or false?
    5·2 answers
  • A firm has 12,000 shares of common stock outstanding with a book value of $20 per share and a market value of $39. There are 5,0
    15·1 answer
  • FunZone Inc. identified and developed a SmartCard that can be used at fair grounds to make the ticketing process easier. The com
    13·1 answer
  • Aldo Redondo drives his own car on company business. His employer reimburses him for such travel at the rate of 36 cents per mil
    8·1 answer
  • A business's source documents:_____.A. Must be in electronic form. B. Include the ledger. C. Provide objective evidence that a t
    10·1 answer
  • (THIS IS FOR THE OFFICE FANS!!)
    9·2 answers
  • What is industrialization​
    12·2 answers
  • a hospital has not insured itself for malpractice claims with a third-party insurer. which of the following statements best expr
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!