Which shift in the demand curve most likely to describe a company in a monopolistically competitive market that begins to spend more on advertising? An upward shift on the demand curve. A monopolistic competitive market is imperfect competition because many products sell similar products but they are different due to branding and quality used so they are not perfect substitutes for one another.
Answer:
En este caso, EPD tiene un valor de 0,73, siendo menor que 1. Por lo que la demanda del bien es inelástica y la cantidad demandada aumenta (disminuye) en menor proporción de lo que baja (sube) el precio.
Explanation:
La elasticidad precio de la demanda (EPD) indica en qué medida los cambios en el precio alteran la demanda de productos o servicios concretos. En otras palabras, la elasticidad precio de la demanda señala cuánto varía la cantidad demandada de un bien cuando varía su precio.
Se calcula comparando el valor porcentual del cambio en el precio con el del correspondiente cambio en la demanda. Es decir, se define como el cambio porcentual en la cantidad demandada dividido por el cambio porcentual en el precio.
Si la EPD > 1, se dice que la demanda del bien es elástica y la cantidad demandada aumenta (disminuye) en mayor proporción en que baja (sube) el precio. La cantidad demandada aumenta (disminuye) en mayor proporción en que baja (sube) el precio.
Si la EPD < 1, se dice que la demanda del bien es inelástica y la cantidad demandada aumenta (disminuye) en menor proporción de lo que baja (sube) el precio. La demanda de un bien es inelástica cuando la reacción de los consumidores ante un cambio en el precio no es significativa.
Si la EPD = 1, se dice que la demanda del bien tiene elasticidad unitaria y la cantidad demandada aumenta (disminuye) en la misma proporción en que baja (sube) el precio.
<u><em>En este caso, EPD tiene un valor de 0,73, siendo menor que 1. Por lo que la demanda del bien es inelástica y la cantidad demandada aumenta (disminuye) en menor proporción de lo que baja (sube) el precio. </em></u>
People do have preference. Routine response behavior is the marketing term for this type of consumer behavior.
<h3>What is consumer behavior?</h3>
Consumer behavior is known to be the study of how people, customers, groups, etc., often select, buy, or use goods, and services to answer to their needs and wants.
Routine Response is also known as Programmed Behavior. Here one is buying low cost items and as such one do not need much search and decision effort.
Learn more about consumer behavior from
brainly.com/question/1364759
In the scenario above, the technology that Abdul used is an
example of voice mail communication. This method is employed by having voice
messages to be stored in an electronic manner in which is intended to be
retrieved by those recipients who are going to contact the person using this
method.
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Answer:
The correct answer is A. The Lorenz Curve is a curve that shows the percentage of total household incomes received successively larger fractions of the population, starting with the poorest group.
Explanation:
The Lorenz curve represents the relationship between the cumulative percentage of the population size and the cumulative percentage of the income of the same population.
A Lorenz curve is a graph in which income is cumulatively plotted against the population. A given point on the vertical axis represents the sum of all incomes up to a certain level. The point on the curve to the right of it corresponds to the number of people who have an income up to that level.
The curve always runs lower, which means that at any given point on the curve, the percentage of total national income is lower than the percentage of people who have an income up to that level. On such a curve we can read, for example, that 25% of the income collectors together own 8% of the total income.
