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Usimov [2.4K]
3 years ago
11

If a 1 percent decrease in price results in less than a 1 percent increase in the quantity demanded, demand is Multiple Choice c

ross-price elastic. price inelastic. price elastic. status quo elastic. derived demand inelastic.
Business
1 answer:
Vlada [557]3 years ago
3 0

Answer:

The correct answer is price inelastic.

Explanation:

The price elasticity of demand is the measure of the responsiveness of quantity demanded of a product to the change in its price. It is calculated as the ratio of change in quantity demanded and change in the price.

Relatively inelastic dmeand refers to the situation where a proportionate change in price causes less than proportionate change in quantity demanded.

Here, if a 1% decrease in price causes less than a 1% increase in quantity demanded then the demand is relatively inelastic.

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In an initial survey designed to estimate the percentage of time air-express cargo loaders are idle, an analyst found that loade
vlabodo [156]

Answer:

13.3%

Explanation:

The time in which the employee are free or not working due to halt in operation or a process. The employee are ready for work in this time and waiting for operation to start.

According to the given data

Total observations = 45 observations

Number of observation that found loader idle = 6 observations

Percentage of idle time is the ratio of number of times labor found idle to total numbers of observations.

Estimated percentage of idle time = (6 / 45) x 100

Estimated percentage of idle time = 13.3%

4 0
3 years ago
The Marketing Department has proposed increasing the West Division's monthly advertising by $15,000 based on the belief that it
kramer

Answer:

Net Increase in profit is $27,000

Explanation:

* The data was missing in this question, a similar question is attached with the answer, and answer is made accordingly. Please find it.

Sales  ( $350,000 x 120% )  =                     $420,000

- Variable cost ( 40% )  =                             $168,000

- Traceable fixed cost( 175000+15000) =  <u>$190,000</u>

Net Profit =                                                   $62,000

Net Increase in Net Income = $62,000 - ( 350,000 - (350,000 x 40%) - 175,000 ) = 27,000

6 0
3 years ago
Three engineers have the same amount of schooling and work experience, but earn different wages. One is a computer engineer who
wel

Answer:

Variation in income in all three types of profession is due to different skills.

Explanation:

A computer engineer whose work is less risky due to which his income is also less.  

Unlike a computer engineer, a chemical engineer who works in a nuclear lab performs more risky tasks and earns a higher income.  

Unlike these two, the civil engineer who handles the responsibility of bridge safety performs the riskiest tasks for which he also needs high-quality skills, due to which one can get the most income.

3 0
3 years ago
Through marketing newsprint to newspaper publishers and glass manufacturers that use it in packing, International Paper segments
stira [4]

Answer:

d. use of product

Explanation:

A market segment can be described as a group of people that are put together as a unique segment for marketing purposes because of the similarity in their attributes.

Market are usually segmented based on personality, needs, values, use of product, and lifestyles of the consumers being targeted.

Therefore, International Paper segments its market based on use of product,

5 0
3 years ago
Read 2 more answers
in general, people from different cultural backgrounds tend to self-disclosure very differently. true/false
Vitek1552 [10]
The answer is TRUE, self disclosure occurs over time with people from different backgrounds 
5 0
3 years ago
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