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ohaa [14]
2 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]2 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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Answer:

Ethical

Explanation:

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It would be considered right when she tells to the client regrading the mice problem but she is discouraged as she know that if she do this than she would mess up with the sales that decrease the salary

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XYZ Company has issued 10%, $100 par non-cumulative preferred stock. Two years ago, XYZ omitted its preferred dividend. Last yea
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Answer:

In order to make the distribution to common shareholders, each preferred share must be paid a dividend of:

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3 years ago
Brews 4 U is a local chain of coffee shops. Managers are interested in the costs of the stores and believe that the costs can be
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Answer:

Explanation:

a. In a regression equation expressed as y= a + bx, how is the letter b best described?

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Can show the tables?
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