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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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Answer:

The answer is options A) and B)

A) learning the basic communication skills of the residents of the areas they are serving:

B) a multicultural clientele.

Explanation:

In crisis periods like the one we are currently experiencing as a result of the Covid-19 Pandemic, It is of utmost importance that the recruitment, screening, orientation, training, evaluation, and retention of crisis workers deal with the reality of:

A) learning the basic communication skills of the residents of the areas they are serving: this procedure takes place during the orientation, training and evaluation stage.

B) a multicultural clientele: The accurate knowledge of multi-cultural clientele guides the order of recruitment in the sense that, workers are properly assigned to the area that matches their experience, skill set and cultural inclination.

8 0
3 years ago
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tester [92]

Answer:

D) Recorded in the accounts if the amount may be reasonably estimated and it is probable that the future event creating the obligation will occur

Explanation:

This is the best answer to the question

6 0
3 years ago
Graph shows values along the horizontal axis and vertical axis. Coordinates are plotted to indicate two upward-sloping diagonal
algol13
The answer to this question will be A
5 0
3 years ago
Mary is filing Head of Household with a taxable income of $79,280. What is her income tax for Marks: 1 2018? Choose one answer.
antiseptic1488 [7]

Answer:

a. $11,989

Explanation:

tax rate // for income above

0.1        //  $           0

0.12        //  $   13,600

0.22       //   $  51,800

0.24      //    $ 82,500

Mary's income of $79,280 is on the third bracket as is lower than the minimum for the fourth bracket.

first bracket:

$13,600 x 10%    =                     $ 1,360

second bracket:

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8 0
3 years ago
1. Define scarcity. What signifies to managers that a resource used in production is becoming scarce? What impact does this have
Stels [109]

Answer:

scarcity means that a good is limited in supply, relative to it's demand.

Explanation:

By limited, it means that the available resources are not enough for the satisfaction of a need.

Price hikes tells us of scarcity of a resource. When the price of a resource or good gets increased or is continuously increasing the price of the resource may show that it is scarce.

Management have to allocate resources in such a way that they do not have to run out of the resources or or they may decide to use substitute resources.

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3 years ago
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