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Free_Kalibri [48]
3 years ago
6

If the absolute value of the price elasticity of demand for a good is .75, the demand for that good is described asa. normal.b.

elastic.c. inferior.d. inelastic.
Business
1 answer:
Schach [20]3 years ago
3 0

Answer: Option (d) is correct.

Explanation:

Inelastic demand : The goods with the price elasticity of demand less than 1 are referred as a inelastic good.

When the percentage in quantity demanded is less than the percentage change in price, then the demand for that commodity is called as less elastic or inelastic.

It is generally represented by a steeper demand curve.

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Tru Diva, a brand of women's apparel and accessories, uses contract manufacturers in different countries. The company benefits b
Anvisha [2.4K]

<u>Answer: </u>Option E

<u>Explanation:</u>

In contract manufacturing the goods are produced by a firm under a brand name of other firm on the basis of the contract. The contract manufacturers sign contracts with more than one firm to produce the goods. This type of manufacturing is mostly used in international markets due to availability of cheap labor and materials used for production in manufacturing countries.

For some of the products the contract manufacturers even provide the service of designing, distributing, assembly and manufacturing. the regulations for production also less in these countries. Contract manufacturers are found mostly in developing countries.

4 0
4 years ago
Suppose that during the Great Depression long-run aggregate supply shifted left. To be consistent with what happened to the pric
slavikrds [6]

Answer:

The aggregate demand will fall

Explanation:

The aggregate supply measures the quantity of real GDP that can be supplied by in the economy at different price levels. it measures planned output if both prices and average wage rates can change, the Long run aggregate supply curve is assumed to be vertical (this means it remains constant when the general price level changes).

The leftward shift in aggregate supply means that at the same price levels the quantity supplied of real GDP has decreased. This is mostly due to natural disasters or other supply shocks like economic depression, when there is leftward shift in aggregate there would be fewer workers available to produce goods at any given price.

4 0
3 years ago
When hotel management establishes no-smoking floors, bar managers no longer allow happy hours with free drink specials, and reso
nirvana33 [79]

Answer:

Societal marketing.

Explanation:

Societal marketing basically is a concept that consider society's long-term interest while fulfilling both consumers' wants company's requirements.

7 0
3 years ago
Which statement describes an hourly wage job? a. Each paycheck is the exact same regardless of number of hours worked. b. Each p
natita [175]

Answer:

The correct answer is c. If an employer wants the employee to work more hours in a week, the result is a larger paycheck.

Explanation:

The salaried worker gives his workforce to another person, who pays him a salary in exchange. It can be said that an employee is an employee of a company or entity, unlike independent or autonomous workers.

Being a salaried worker means having to respect a series of rules and face duties such as meeting the established schedules, respecting their peers and superiors, performing the tasks they have been assigned.

6 0
3 years ago
Read 2 more answers
A new oven will save $100 per year in electricity expense. How much can we afford to pay for this oven if it is expected to last
V125BC [204]

Answer:

$557.55

Explanation:

Missing word <em>"The interest rate is 16​% per year"</em>

<em />

Present Value of annuity of 1 = (1-(1+i)^-n)/i

Where, i = 16%, n=15

Present Value of annuity of 1 = (1-(1+0.16)^-15)/0.16

Present Value of annuity of 1 = 5.575456

Present Value of saving of electricity expense = Annual Saving * Present Value of annuity of 1 = $100.00 * 5.575456 = $557.55. So, the amount we can afford to pay is $557.55

7 0
3 years ago
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