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tiny-mole [99]
3 years ago
10

Wen's Noodles wants to increase the quantity of noodles that it sells by 20 percent. The price elasticity of demand for noodles

sold by Wen's Noodles is 3.8. What is the percentage price cut that will achieve the firm's objective?
Business
1 answer:
nasty-shy [4]3 years ago
3 0

Answer:

5.26%

Explanation:

Elasticity of demand measures the responsiveness of quantity demanded to changes in price.

Elasticity of demand = percentage change in quantity demanded/ percentage change in price

3.8 = 20% / percentage change in price

20/3.8 = 5.26%

I hope my answer helps you

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Answer:

Explanation:

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The risk level of all the four alternatives is shown below

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4 0
3 years ago
Which of the following scenarios is typically an appreciating asset?
Aleksandr [31]
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6 0
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What is it called where consumers react to rising prices by consuming less of a good and more of it's competitors?
adelina 88 [10]

Answer:

Substitute Effect

Explanation:

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6 0
2 years ago
You work in the Accounting department and have been using a network drive to post Excel workbook files to your file server as yo
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Answer:

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5 0
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Tatiana [17]

Answer:

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