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Elodia [21]
3 years ago
6

The price elasticity of demand measures the consumers' sensitivity to a price change. the producers' sensitivity to a price chan

ge. how much the market price changes in response to a change in demand. how much the demand changes in response to a change in income.
Business
1 answer:
nikklg [1K]3 years ago
5 0

Answer:

The consumers' sensitivity to a price change.

Explanation:

The price elasticity of demand is a measure of the change in the quantity demanded by customers for a product, relative to change in price. It is computed using the following formula:

Price Elasticity of Demand = %change in quantity demanded/%change in price

If the quantity demanded for a good rises or falls proportionally more than the change in price, the good is classified as elastic. For example, if the price of salt rises by 15%, and the quantity demanded falls by 20%, then salt is an elastic good.

If the quantity demanded for a good rises or falls proportionally less than the change in price, the good is classified as inelastic. For example, if the price of gasoline rises by 30%, but the quantity demanded only falls by 10% (as it's often the case in reality), then gasoline is an inelastic good.

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Answer:

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Rent expense is 6000 but he still owed 1400 of that. So he paid 4600 (6000-1400)

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8 0
2 years ago
1. Discuss the following statement: "Corporations are not really run by their owners."
sergij07 [2.7K]
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4. If you were to start a business, which ownership form would you choose? What factors might affect your choice? If I were to start a business, I would probably choose a limited liability company (LLC) as the ownership form and structure. An LLC is where the members within the company are not held personally liable for the company’s debts or liabilities. Think ownership form works well if you were to join forces an open up a business with a friend or family member. An LLC keeps the tax side of the business easier as allowing the individuals to be self-proprietors. When considering factors that may change this decision they would include: who I am going in business with, what I am in business for, my end goals, current goals and current financial status. </span>
3 0
3 years ago
Shareholders in Frontier Communications were not pleased to learn that the company's market share had changed from 40 to 21 perc
Alja [10]

Answer:

47.5\%

Explanation:

Given: The company's market share had changed from 40 to 21 percentage points.

To find: percent change in market share

Solution:

Change in percentage of company's market share =40-21=19

Percent change in market share = (Change in percentage of company's market share ÷ 40) × 100

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6 0
3 years ago
A static budget is one that shows estimated revenues and costs at multiple activity levels. true or false
maxonik [38]

Answer:

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True

Which of the following is not typically found in a decentralized organization?

Asset center

Explanation:

3 0
2 years ago
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