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
ohaa [14]
3 years ago
10

Suppose the Carolina Panthers football team lowers ticket prices by 20 percent and, as a result, the quantity of tickets demande

d increases by 25 percent.
This response means that the demand for tickets is:

A. perfectly elastic.
B. elastic.
C. inelastic.
D. unit elastic.
Business
1 answer:
Nookie1986 [14]3 years ago
6 0

Answer:

The correct answer is B. elastic.

Explanation:

Elastic demand occurs when, when any price changes for a good, the quantity demanded is drastically affected. In this case, there is a considerable variation in the price of the tickets, since there is no substitute good that people can access. This behavior is contrary to inelastic demand, since there is little or no variation in it.

You might be interested in
The process by which management plans, evaluates, and controls investments in fixed assets is called capital investment analysis
rjkz [21]

Answer:

a. True

Explanation:

The process by which management plans, evaluates, and controls investments in fixed assets is called capital investment analysis. This process is also known as capital budgeting.

Generally, capital investment analysis or capital budgeting is used by business firms or governmental agencies to assess and measure the profitability of a long-term investment on a fixed asset such as real estate, machinery or factory equipments etc.

Hence, the management is able to choose the best option for investment after an assessment of which investment would yield a higher level of profits.

8 0
3 years ago
Which of the following was the first emission control device?
grigory [225]

Answer:

The answer is <u>A. The Muffler</u>

Explanation:

The first muffler for cars was designed in 1897.

The function of the car muffler is to slow down the speed of movement of the exhaust gases, which helps to smooth the movements of the engine, reduce the temperature of the gases and reduce the emissions of substances that are harmful to the environment.

6 0
3 years ago
FIllmore Company began operations on Sept. 1 by purchasing $4,400 of inventory and $750 of cleaning supplies. During the month,
jarptica [38.1K]

Answer: $3,400

Explanation:

Gross Profit = Sales revenue - Cost of Goods sold

Cost of good sold = Opening stock + Purchases of inventory - Closing stock of inventory

= 0 + 4,400 - 1,800

= $2,600

Gross Profit = 6,000 - 2,600

= $3,400

5 0
3 years ago
Which combination of changes would increase the glomerular filtration rate (gfr the most?
denis23 [38]
Increase<span> in systemic blood pressure, what mechanism </span>would increase GFR<span>? </span>
7 0
3 years ago
Si tuvieras que decidir por pagar un artículo, ¿cuál de estas formas de pago escogerías, pagar en efectivo, pagar con tarjeta de
dexar [7]

Answer:

Possitife thinking

Explanation:

Bella Dally

5 0
3 years ago
Other questions:
  • A trait is not a quality of your own character <br> True or False
    14·2 answers
  • What is the reason for pooling costs? Group of answer choices Determining a pool rate for all costs incurred by the same activit
    12·1 answer
  • What is the benefit of using a graph? Select all that apply.
    7·2 answers
  • A product’s embodied energy in a cradle-to-gate LCA analysis describes: Select one:
    13·2 answers
  • Grading at a site refers to
    15·1 answer
  • Which method of forecasting analyzes historical data and involves a panel of experts A. Time series analysis B. Cost-benefit ana
    5·1 answer
  • In order to stimulate innovation, Harlose Inc. allows its researchers to devote 2-3 hours of their normal work schedule to pursu
    12·1 answer
  • The general ledger account for Accounts Receivable shows a debit balance of $50,000. The Allowance for Doubtful Accounts has a c
    8·1 answer
  • Riser Corporation was granted a patent on a product on January 1, 1998. To protect its patent, the corporation purchased on Janu
    5·1 answer
  • consider a country that produces only wheat and corn. Based on the data in the table, the growth rate of nominal GDP from 2005 t
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!