The Washburn guitars reduces their price from $2,499 to $2,699 as a result of the sales of the product drastically increased by 30%, So this represents that the <u>product has an elastic demand.</u>
<h3>What do you mean by elastic demand?</h3>
When the price of a product has a massive effect on the quantity purchased is called Elastic demand. A product is stated to have an elastic demand if sales drop sharply in reaction to a growth in price, or sales spike whilst prices are decreased.
Thus, The Washburn guitars reduces their price from $2,499 to $2,699 as a result of the sales of the product drastically increased by 30%, So this represents that the <u>product has an elastic demand.</u>
Learn more about elastic demand:
brainly.com/question/5078326
#SPJ1
Answer:
A. UPC
Explanation:
A UPC is an acronym for universal product code. UPC is typically used for the identification of a specific product and its manufacturer (vendor) through a unique code that is printed on the product.
Basically, a universal product code (UPC) comprises of two (2) main parts;
- A machine-readable barcode that contains sets of vertical black lines.
- A unique twelve (12) digit number placed beneath or adjacent to the machine-readable barcode.
The first six-digits of the UPC represents the manufacturer and is printed on all of its products while the next five-digits is the product's unique reference number (item number) and the last digit is typically known as a check digit, used for the verification of the authenticity of a UPC.
Generally, the universal product code are usually scanned with a barcode scanner and this makes it easier to identify a product, as well as its price.
<em>Hence, a universal product code (UPC) contains data that identifies a product. </em>
The answer to this question is a problem.
Problem is a situation that everybody encounters that is needed for a solution or a specific result. Problems cannot be ignored or avoided, a person should should know how to solve it and deal with the problem once it hits you. In order to deal with problems, a person should always focus on the outcome and the possible solution to it.
Answer:
$50 billion
Explanation:
To find the change in aggregate expenditures, we need to find the change in consumption. For this, we will use the marginal propensity to consume formula:
MPC = ΔC/ΔY
Where:
MPC = Marginal propensity to consume
ΔC = Change in consumption
ΔY = Change in output (GDP)
We know that out MPC is 0.5, and our ΔY is $billion. We plug these amounts into the formula:
0.5 = ΔC / 100 billion
And we rearrange the equation to solve for ΔC
ΔC = $ 100 billion x 0.5
ΔC = $50 billion
So the change in consumption is $50 billion, which is also the change in aggregate expenditure.
Answer:
D Select the cost allocation bases.
Explanation:
An allocation base OR cost allocation based is the foundation on which Cost accounting apportions the overhead costs. An allocation base can come inform of a quantity, such as the used machine hours, the consumed electricity kilowatt hours (kWh), or the square footage that is being occupied.
the ABC implementation step in order will be to select the cost allocation bases.
