Answer:
Price elasticity of demand = Change in Quantity/ Change in Price
Using midpoint formula;
Change in Quantity ;
Change in Price;
Price elasticity of demand = -0.342/0.118
= -2.90
Demand is elastic, so decreasing ticket prices will increase revenue.
When the elasticity is larger than 1 it means that a 1% change in price will change demand by more than 1%. In this case, a a decrease of price by 1% will bring 2.9% increase in customers.
Lol umm fist fight hope this helps
Answer:
(B) $10,000.
Explanation:
As in the given transaction, the customer already told the company that he wants the product by Tuesday or the company has to return the amount.
Afterward, the company is unable to ship the part on time.
So, the Cowtown can recover the amount of $10,000 instead of $13,000 as both parties are under the contract So, no one can escape from their responsibilities
<span>General motors targets several different market segments and designs separate automobile makes and models for each. This is an example of <u>differentiated marketing.
</u><u />Instead of focusing on one single target market, this company focuses on multiple segments and types of markets and creates different products for each of them. This, they are improving their profits and taking into consideration their consumers' needs and what they want in their products.<u>
</u></span>
Preserved remains of organisms are known as fossils.
Fossils are generally <u>remains of ancient dead living organisms, including plants and animals</u>. Fossils can be in the form of bones, shells, or even an animal’s imprint.
These things help Charles Darwin in proving his theory of evolution, which states that heritable characteristics in living organisms change over several generations.
