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
Softa [21]
3 years ago
7

The size of the change in the quantity demanded of a good or service due to change in its price is measured by the elasticity of

demand. When the percentage change in the quantity demanded for a good or service is more than the percentage change in price, the demand for that good or service is ________ and price elasticity is ________.
Business
1 answer:
Dmitry_Shevchenko [17]3 years ago
8 0

Answer:

Elastic ; greater than 1

Explanation:

We know that

Price elasticity of demand =  (Percentage change in quantity demanded) ÷ (Percentage change in price) × 100

Since in the question it is given that the percentage change in quantity demanded is more than the percentage change in price that reflects that the price elasticity is elastic that means it is greater than one.

You might be interested in
Don was standing in a cafeteria line holding a plate. Tim was upset with Don. Tim turned Don around and grabbed the plate out of
mariarad [96]

Answer:

Letter d is correct.<u> Both an assault and a battery.</u>

Explanation:

Assault is an attempt by one person to harm another, that is, it is an intentional attempt to use force or violence to threaten or injure others.

Battery corresponds to an offensive touch on another person without your consent. To configure a battery situation, there must be an intentional touch harmful to another person or of an offensive nature, and touch without consent.

6 0
3 years ago
Susan Marciano invested part of her $38,000 bonus in a fund that paid a 10% profit and invested the rest in stock that suffered
kakasveta [241]

Answer:

Missing word <em>"The amount invested at 10% is $? and The amount invested in stock is ?"</em>

<em />

Let Susan invested $x that paid a 10% profit

Then (38,000 - x) suffered loss at 4%

Overall net profit = $3,350

10% of x - 5% of (38,000 - x) = $3,350

10/100*x - 5/100*(38,000 - x) = $3,350

10x - 5*(38,000 - x) = 335,000

10x - 190,000 + 5x = 335,000

15x = 335,000 + 190,000

15x = 525,000

x = 525,000/15

x = 35,000

From (38000 - x) when x = 35,000

==> 38,000 - 35,000

==> $3,000

So, the amount invested at 10% is $35,000 and the amount invested at 5% i.e stock is $3,000

3 0
3 years ago
Legislation defining the mission of the Federal Reserve​ states: "The Board of Governors of the Federal Reserve System and the F
jeka57 [31]

Answer:

dual mandate.

Explanation:

dual mandate -

It is the practice in which the elected officials serves in more than one elected or public position .

In Britain , this term is also referred to as double jobbing .

In some cases , the dual mandate is prohibited by the law , as in the case of the federal states , because the federal office holders are not allowed to hold state office .

Hence  from the question information , the correct option is dual mandate .

5 0
3 years ago
In 2014, the United States defined poverty as the state in which anyone is surviving on less than $1. 25 a day. $5. 25 a day. $1
SIZIF [17.4K]

In 2014, the United States defined poverty as the state in which anyone is surviving on less than  $32.00 per day.

<h3>What are the measures of poverty?</h3>

Poverty can be measured with current income  condition of an individual to fulfil the basic necessities of life. It focuses on poverty measures such as income, food, and housing access, among others.

It is calculated by keeping in mind three factors which are as follows-

·         Basic needs of individual

·         Income before paying tax

·         Inflation or change in the price of goods and services

The physical poverty model is widely used in income poverty surveys to assess lack of access to financial opportunities, to meet basic fundamental requirements. If a person's earnings is insufficient to purchase the amount of goods and services used to define poverty, they are considered poor.

In 2014, United States considered people as below poverty lines whose daily earning is less than $32.00 per day.

Learn more about poverty refers to:

brainly.com/question/25892577

#SPJ1

8 0
3 years ago
What is the primary purpose of a mission statement
Alex17521 [72]
The mission statement<span> should guide the actions of an organization, spell out its overall goal, provide a path, and guide decision-making. It provides "the framework or context within which the company's strategies are formulated". It is like a goal for what a company wants to do for the world.</span>
6 0
3 years ago
Other questions:
  • Chao sells custom bicycles. He buys several bike parts including wheels and tires from Upright Strides, Inc. Although several go
    10·1 answer
  • What is the smallest unit of data on the hard drive? folders sectors gigabytes clusters?
    14·1 answer
  • Which of the following forms of business structure provides limited liability for the personal assets of the owners? a. sole pro
    14·1 answer
  • A representative selection of commonly purchased goods and services used by consumers is called the
    12·2 answers
  • Find the flaw in reasoning in the following statement, paying particular attention to the distinction between shifts of and move
    8·1 answer
  • On January 1, 2021, Tiger Corporation acquired as long-term investment $1,000,000 of 8% bonds, dated January 1. Company manageme
    10·1 answer
  • Manistee Corporation reported taxable income of $1,200,000 this year and paid federal income taxes of $408,000. Not included in
    12·1 answer
  • 1. A manufacturer of industrial motors has identified ten new prospective customers for its products and estimated each customer
    13·1 answer
  • Petty Cash Journal Entries
    13·1 answer
  • Aster Technologies Inc., a firm that sells inventory management software, has labor savings of 20% (0.33), a product warranty of
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!