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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.

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For a sale, the original retail price of a particular shirt and the original retail price of a particular hat were both reduced
max2010maxim [7]

Answer:

Explanation:

Given:

Discount = original price × discount fraction

Discounted price = original price - discount

Discount fraction = 20%

= 20/100

A.

Original price of shirt = $x

Original price of hat = $(x + 10)

Discounted price of shirt = $x - $0.2x

= $0.8x

Discounted price of hat = $(x + 10)

- 0.2$(x + 10)

= $0.8 × (x + 10)

Difference of discounted price of hat to shirt = 0.8(x + 10) - 0.8x

= $8

B.

Original price of shirt = $x

Original price of hat = $ 1.5 × x

Discounted price of shirt = $x - $0.2x

= $0.8x

Discounted price of hat = $ 1.5 × x

- 0.2 × $ 1.5 × x

= $ 1.2x

Difference of discounted price of hat to shirt = 1.2x - 0.8x

= $ 0.4x

3 0
3 years ago
The scanner data collected by Frito-Lay is a form of ________ data.
trapecia [35]

The answer is: Internal secondary data

Internal secondary data refers to the type of data that is acquired and stored inside the organization simply by doing its normal operation without having to pay any additional cost for the data.

When fritto lay obtain its data from scanners (that usually occurs for every purchase) , the data would automatically be stored in its database without interference from any third party.

6 0
3 years ago
Trend analysis is one method of examining changes in a firm's performance over time, which the analysis of only one year's ratio
Anvisha [2.4K]

The given statement " Trend analysis is one method of examining changes in a firm's performance over time, which the analysis of only one year's ratios will not show " is TRUE.

Explanation:

The trend analysis can also be used to do a comparative analysis to assess the financial company's performance over a time period. Compared to quantitative statistics, the trend analysis is more efficient, making top management more successful and smart decision-making.

Trends in working capital management and its impact on firms' performance.

In the corporate and financial industries, pattern analytics are relevant. Trend analyzes are often used to make financial stability predictions and analyses. To order to determine how the business can do in the future, financial analysts analyze the previous results and existing financial conditions.

7 0
2 years ago
Brenda Kraft has proven herself to be an able manager. Her section has a high project completion rate with the highest-quality p
Alik [6]

Answer:

Letter d is correct. An effective manager

Explanation:

Efficiency and effectiveness are two different concepts. A manager can be efficient and not effective, because efficiency is the conditions that will lead to effectiveness, which are the goals achieved. In Brenda's case, she was an effective manager because her section has a high project completion rate with the highest quality product and the lowest defects in her division.

8 0
3 years ago
John is considering a purchase of a new Toyota that costs $20,000 at a local dealership. John estimates the annual cost of maint
kotegsom [21]

Answer:

John's estimated cost of owning and driving the car for three years is $17,500

Explanation:

The computation of the estimated cost for the three years is shown below:

= Purchase cost of Toyota + (annual cost of  maintenance, registration, insurance,  and gas × Number of years) - selling cost or scrap value

= $20,000 + ($1,500 × 3) - $10,000

= $20,000 + $7,500 - $10,000

= $27,500 - $10,000

= $17,500

The selling cost should be deducted so that accurate value can come and the annual cost is given for one year only but we have to compute for the three years so we multiply it by three years.

3 0
3 years ago
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