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Reptile [31]
3 years ago
10

If the price of Coca-Cola increases from 50 cents to 60 cents per can and the quantity demanded decreases from 100 cans to 50 ca

ns, then the demand for Coca-Cola is _____ a. perfectly inelastic. b. perfectly elastic. c. unit elastic. d. inelastic. e. elastic.
Business
2 answers:
yawa3891 [41]3 years ago
6 0

Answer:

E. Elastic

Explanation:

Unit elastic demand is when the quantity demanded changes by the same percentage that the price does.

Inelastic demand is when the quantity demanded changes less than the price does.

Elastic demand is when an increase in prices causes a bigger percentage fall in demand. It is also when price or other factors have a big effect on the quantity consumers want to buy. In this case; the price rises 20% (50 to 60) and demand falls 50% (100 to 50), so the demand for Coca-Cola is elastic

kondor19780726 [428]3 years ago
4 0

Answer:

e. elastic

Explanation:

To ascertain the degree of responsiveness of the demand of Coca-Cola to change in price, we use the formula: % change in QD / % change in Price

% change in QD = (Q2 – Q1)/Q1 × 100% = (50 – 100)/100 × 100  

% change in QD = – 50/100 × 100 = – 50%  

% change in Price = (60 – 50)/50 × 100% = 10/50 × 100%

% change in Price = 20%

Price elasticity of demand = % change in QD / % change in Price = –50%/20%

PED = – 2.5%

The demand is elastic because change in price leads to a greater % change in demand. i.e. PED = – 2.5%

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GrogVix [38]

Answer:

I personally like UPS because most of the times I have to send documents or goods domestically and UPS is very well known for its domestics shipments and I also prefer it because of its low rates as compared to FedEx which has higher rates. I am also comfortable with UPS because of its customer services. They respond to your query very quickly and try to resolve it as soon as possible. Their first priority is always their customers.

7 0
3 years ago
During global culture training for a group of employees who are being transferred to Egypt, Charmaine, the HR training manager,
joja [24]

Answer: Option E

Explanation: Cultural training refers to the training that is given to an individual for informing them about other cultures know-how.

In the Arab culture, the holding of hands is considered as an act of giving respect to others. It is considered as showing devotion and equality to the opposite party. Such acts comes from the well known hospitality culture of Arabic countries.

Thus, from the above we can conclude that the correct option is E.

7 0
3 years ago
Which of the following is true for project manager that work in a specific industry?
astra-53 [7]

Answer: A. they have expertise in a focused technical topic

Explanation:

6 0
3 years ago
A budgeting process where individuals who are impacted by a budget are directly involved in its development is​ called: A. parti
lina2011 [118]

Answer:

A. participative budgeting

Explanation:

Participative budgeting -

It refers to the type of method of budgeting , where the person implementing the budget as well as the person getting affected by the budget are involved in the process of creating the budget , is referred to as participative budgeting .

In this method the top - level managers are supposed to share the decision of budgeting with the bottom - level managers as well .

Hence , from the given information of the question ,

The correct answer is A. participative budgeting .

6 0
3 years ago
Suppose the company that owns the vending machines on your campus has doubled the price of a can of soda. if they then still sel
Ierofanga [76]
The answer would be that there are few other places to purchase soda on campus; competition (or lack thereof) can play a big factor in determining price elasticity.

While nutrition information can shift consumers' preferences, we have no indication within the question of whether or not the students are well-informed of the impact of their drinking choices.

As for the third option, we are not given any information on the students' budgets, and no information with which to infer this, either. We only have information on their spending as it is related to soda, not as compared to other purchases.

Finally, given that the quantity sold does not change much despite the change in price, we can conclude that this price curve is relatively inelastic, in which case the price elasticity of demand would be closer to zero than one. This effectively rules out the last answer.
8 0
3 years ago
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