The price elasticity of supply is given by a similar formula: If the percentage change in quantity demanded is greater than the percentage change in price, demand is said to be price elastic, or very responsive to price changes.
Answer:
The is purpose of marketing plan is to:define strategies to engage audiences in order to achieve business objectives
Explanation:
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Answer:
A) 3% decrease in the quantity demanded of pineapple.
Explanation:
We know that the demand curve is negative, which means that as price of a product increases, its demand will decrease.
In unitary elasticity(1) the change in demand means that the change in quantity demanded will be the same. A 0.75 elasticity will thus mean that the quantity demanded will change by a factor of 0.75 as compared to the change in price.
Therefore when the price of pineapple increases by 4%, the quantity demanded will decrease by 4 * 0.75 = 3%
Answer:
<u>Yes, because Boat Builders, LLC failed to exercise a reasonable standard of care at their premises.</u>
Explanation:
<em>Remember, </em>we are told, "Jake... invited them back to the Boat Builders premises," meaning they (Boat Bilders, LLC) had a duty of care responsibility toward all of his employees present.
Note we are told, "Mark made light of it but gave Jake a menacing look so Jake dropped it," this was a moment that shows Jake's negligence because as the owner of Boat Builders he had a duty of care to ensure no one is hurt without their own fault within their premises (which included their "parking lot").
Answer:
The correct answer is True.
Explanation:
When an intoxicated person enters into a contract, the contract can either be enforceable, meaning held to the fullest extent of the law, or voidable by the intoxicated person. The court will look at two criteria that need to be present in order to make the contract voidable:
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The intoxication was severe enough that the person entering into the contract was incapacitated.
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The other party was aware of the intoxication at the time.
A voidable contract, in this instance, is one in which the intoxicated party can end the agreement under certain terms. To expand on the criteria above, in order for the intoxicated person to void the contract, there needs to be adequate proof that one of the following occurred:
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The intoxicated person consumed enough alcohol or drugs to cause impairment in thinking sufficient enough that he could not understand the legal ramifications of entering into the contract.
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The other party to the contract knew of the intoxication.
