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
iragen [17]
3 years ago
11

If the price of Product E decreasing by 2% causes its quantity demanded to increase by 14% and the quantity demanded for Product

F to increase by 17%, what is the cross-price elasticity of demand? Round your answer to one decimal place. What is the relationship between these goods? A) no relationship
B) complements
C) substitutes
Business
1 answer:
Reika [66]3 years ago
5 0

Answer:

B) complements

Explanation:

The cross elasticity shows a relationship between the percentage change in quantity demanded with the percentage change in the price.

In case of the substitute goods, the relation between the price and the quantity demanded is positive that means if the price of goods increased than the quantity demanded is also increased

And, In case of the complementary goods, the relation between the price and the quantity demanded is  negative that means if the price of goods increased than the quantity demanded is decreased

According to the given situation, the most appropriate option is B.

You might be interested in
Island Breeze Company designs and makes desk, window, and ceiling fans. In a product liability suit based on negligence, Island
patriot [66]

Answer:

Option D is correct

Explanation:

The company is liable for proper communication of cautions, defective designs and production processes that she uses to manufacture the product but it is not liable for the the consumer unforeseeable misuse of a fan. Because it is not associated with the duty of care. I also have a duty of care to myself like you have to yourself. If I have struck myself with a hammer then it unjustifiable to sue the company. I am misusing that hammer. I don't have the license but still I am driving car, it means I am misusing the asset. This means some operations are restricted by law and some are implicitly restricted.

5 0
3 years ago
WILL GIVE BRAINLY!!!!!!!!!
AveGali [126]

Answer:

price acts as an incentive to consumers and producers. highest (lowest ) prices to obtain consumer to give up more good consumers react to changing price alternative by stopping the quantity of goods demanded

8 0
3 years ago
Roberto designers was organized on January 1,2021. The firm was authorized to issue 100,00 shares of $5 par value common stock.
jekas [21]

Answer: the correct answer is D) $250,000

Explanation:

Answers

transactions relating to stockholder's equity

Issued shares 10,000* $7 = $70,000

Issued shares 20,000*$8   = $160,000

net income                            = $100,000

                                                --------------  

Sub Total                                 $330,000  

Debts                              

50,000 dividend                       ($50,000)

3,000 *$10 treasury stock       ($30,000)    

                                                   --------------  

Sub Total                                   ($80,000)

Total   $330,000-$80,000 =  $250,000                                    

8 0
3 years ago
Brad owns a small townhouse complex that generates a loss during the year.
My name is Ann [436]

Answer:

a. Brad might be allowed to deduct up to $25,000

or Brad may be allowed to deduct the loss if he works more than 750 hours as a material participant in connection with the townhouse complex and more than half of personal service.

b. The reduction is equal to 50% of AGI in excess of $100,000. The deduction will be phased out completely if AGI reaches $25,000

Explanation:

Adjusted Gross Income is the final taxable income after all the allowable deductions are adjusted in the income. A tax payer can deduct up to $25,000 for the passive losses. This is standard deduction which Brad can deduct from the income.

7 0
3 years ago
Variance reports are: internal reports for management external financial reports SEC financial reports all of these
alina1380 [7]
Variance reports are internal reports for management. They are used primarily for the purposes of internal accounting and auditing. 
8 0
3 years ago
Other questions:
  • A recent survey shows that people are retiring at the mean age of 60 and standard deviation 2.5. What proportion of people are r
    11·1 answer
  • The Cost-Benefit Principle indicates that an action should be taken if:A. its total benefits exceed its total costs.B. its avera
    15·1 answer
  • Determine the amount of tax liability in the following situations. In all cases, the taxpayer is using the filing status of marr
    14·1 answer
  • Job WR53 at NW Fab, Inc. required $200 of direct materials and 10 direct labor hours at $15 per hour. Estimated total overhead f
    14·1 answer
  • An owner wants to sell his house and prefers to save the commission. He lists with a broker on the basis that if the property is
    10·1 answer
  • if you are planning to carry a large balance on your credit card which credit card features you should look for
    8·1 answer
  • Which of the following is not considered part of your income?
    6·1 answer
  • Cost of Debt. Micro Spinoffs Inc. issued 20-year debt a year ago at par value with a coupon rate of 8%, paid annually. Today, th
    13·1 answer
  • Levine Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. Direct
    13·1 answer
  • Occasionally, companies disappoint their customers. Whenever possible, these problems should be addressed immediately. Choose th
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!