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
KiRa [710]
3 years ago
7

The owner of Christie’ Bookstore is looking into the sales of its Health & Fitness magazine section. She finds that her equi

librium is at 1000 magazines per month sold at an average price of $4.25 per magazine. When the average price of these Health & Fitness magazines rose to $4.95 each, the quantity demanded fell to 900 magazines per month, while the quantity supplied to her increased to 1250 a month.
a. Draw an appropriate diagram for Christie’s original Health & Fitness magazine market.
b. Calculate the price elasticity of demand for the Health & Fitness magazines between prices $4.25 and $4.95. Is it elastic or inelastic? How do you know?
c. Calculate the price elasticity of supply for the Health & Fitness magazines between prices $4.25 and $4.95. Is it elastic or inelastic? How do you know based on your answer?
d. Explain what factors would affect the elasticity of demand for Health &Fitness magazines.
e. Christie also notices that when the average price of the Health & Fitness magazines rose from $4.25 to $4.95, the quantity of nutritious snack bars sold at the checkout register fell by 12%. Calculate the cross elasticity of demand between the two goods. Based on your answer, are they substitutes or complements?
Business
1 answer:
marusya05 [52]3 years ago
8 0
I believe if I remember correctly it was c
You might be interested in
Consumption expenditures $800 Investment expenditures 200 Government purchases 300 Exports 100 Imports 100 Wages 800 Consider th
yan [13]

Answer:

$1,300

Explanation:

The computation of the gross domestic product is shown below:

= Consumption expenditures + investment expenditure + government purchase + export - import

= $800 + $200 + $300 + 100 - $100

= $1,300

The export - import is also known as net exports

We simply added the consumption expenditure, investment expenditure, government purchase and net export

This is the answer, but in the options given, the same is not provided

5 0
3 years ago
You have been asked to assist a retail company. It sells clothing and would like to have a Point of Sale computer installed to h
IrinaVladis [17]
Don’t take my word for it but I think is the D
5 0
3 years ago
Soft drink manufacturers face (a) ________.
Ilya [14]

Answer:

The correct answer is (A)

Explanation:

Soft drink manufacturing industry faces a high threat of substitutes. Not many soft drink brand exit the market but many new companies and brand enter. Similarly, that is the reason why prices of soft drink do not fluctuate as compare to other food items. The competitive environment in the soft drink industry creates a high threat of substitutes.

6 0
3 years ago
A cheque of Rs 4500 received from yogesh and deposited into bank. Required: Journal Entry​
olga nikolaevna [1]

Answer:

See below

Explanation:

This transaction will affect the bank balance by increasing it with the check amount. The bank is cash (asset ) held in the bank. An increase in assets account is a debit. The bank A/c will be debited.

The check is received from Yogesh. Yogesh must have bought goods on credit and hence is an account receivable (asset). Since Yogesh has paid, his account decrease by the check amount. A decrease in assets is credited.

The journal entry will be

Bank A/c DR. Rs 4500

Yogesh A/c                 Cr. Rs 4500

3 0
3 years ago
Many states tax cigarette purchases. Suppose that smokers are unhappy about paying the extra charge for their cigarettes. If the
Llana [10]

Answer: increase sales

Explanation:

3 0
3 years ago
Other questions:
  • The text uses __________ as an example of a set of people with a history as a counterculture in the u.s.
    6·1 answer
  • Paying a salesperson more for increased sales is an example of:
    9·1 answer
  • When Heidi Ganahl first started out with Camp Bow Wow, she spent a lot of time "micromanaging" things, but as time went by, she
    7·1 answer
  • Jackson is conducting interviews to identify patterns in consumer decision making for high-involvement products. Which type of i
    15·1 answer
  • Chris purchased a 10 year 100 par value bond where 6% coupons are paid semiannually. Cheryl purchased a 100 par value bond where
    11·1 answer
  • The general ledger of Vance Corporation as of December 31, 2020, includes the following accounts: Copyrights $30,000 Deposits wi
    14·1 answer
  • Disc uses​ activity-based costing. Two of Disc​'s production activities are kitting ​(assembling the raw materials needed for ea
    5·1 answer
  • To qualify for the moving expense deduction, an employee must change job sites, move a required distance, and change employers.
    13·1 answer
  • If an economy experiences deflation, the real interest rate will be greater than the nominal interest rate. will be negative whe
    12·1 answer
  • Two company divisions produce completely different products but must seek funding from head office for capital expansion. The re
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!