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
Kay [80]
3 years ago
13

Suppose that when the price of good X falls from $10 to $8, the quantity demanded of good Y rises from 20 units to 25 units. Usi

ng the midpoint method,
Business
1 answer:
White raven [17]3 years ago
4 0

Answer:

The question is incomplete; Calculate the price elasticity of demand

The answer is -2 showing that the Price Elasticity of Demand for the good in question is highly elastic.

Explanation:

Price Elasticity of Demand  =  percent change in quantity  / percent change in price

percent change in quantity =  {Q 2 − Q 1 / [( Q 2 + Q 1 ) ÷ 2]} × 100

percent change in price  = {P 2 −  P1 / [( P 2 +  P1 ) ÷ 2]} × 100

percent change in quantity= {25 − 20/ [(25 +20) ÷ 2]} × 100= 22.2%

percent change in price  = {8-10 / [( 8+10) ÷ 2]} × 100 = -11.11%

Price Elasticity of Demand  = 22.2% / -11.11%= <u>-2</u>

You might be interested in
U. S. Personal savings fell significantly during the 1980s and 1990s. Why didn’t the supply of loanable funds experience a simil
Wewaii [24]

Answer:

Increased foreign wealth and income

Explanation:

5 0
3 years ago
A manager states that his process is really working well. Out of 1,500 parts, 1,477 were produced free of a particular defect an
worty [1.4K]

Answer:

, other things being equal?DPMO= # of defects/# of opportunities for error per unit x # of units (1,000,000)DPMO= 23/1500 x 1,000,000 or DPMO= 23/1,500,000,000 or DPMO= 1.53The 1.53 is within the target specification of Six Sigma. This performance is rated as within limits means the process is working well. The product is within the limits of the defects allowed based off the1500 parts or the “four defects per million units

Explanation:

5 0
4 years ago
On August 20th, one of your employees comes to you with a vacation request. The employee’s available vacation time expires on Se
dexar [7]

Answer:

No

Explanation:

Her vacation is expired and therefore invalid. Also she is requesting for a pay during this period which counters Amy form of sympathy for this employee. However, depending on the relationship the employee has with her employer, there might be a compromise especially if the employee really does need the vacation as she may be burned out or may have postponed vacation till expiration for the interest of the company

3 0
4 years ago
Treasury stock is:
VashaNatasha [74]

Answer:

a. Common stock acquired by the company in the open market & recorded as negative equity

Explanation:

A stock which is buy back from the market at market rate issued by the company. It reduces the total outstanding shares of the company. It is the difference of Number of share issued and Number of share outstanding. Its account is consider as contra equity account. So the correct option is a. Common stock acquired by the company in the open market & recorded as negative equity.

7 0
3 years ago
Read 2 more answers
What would the new optimal solution of product 3 sold for $15, and 100 hours of labor could be purchased?.
slega [8]

Answer:

I don't know sorry sorry forgive me

Explanation:

sorry

5 0
3 years ago
Other questions:
  • Your friend is a business owner in a planned economy. In a few sentences, explain how central authority impacts his business.
    14·1 answer
  • Which of the following are good choices for your appearance in an interview?
    9·2 answers
  • An employee of JHT Holdings, Inc., a private trucking company, was responsible for resolving roadway accident claims under $25,0
    14·1 answer
  • After decades of being a manager, Jeffrey has learned that an organizational structure that is effective for one company is like
    12·1 answer
  • U.S. Treasury deposits at the Federal Reserve Banks are:A. A liability of the Federal Reserve Banks and the U.S. TreasuryB. An a
    11·1 answer
  • If the supply curve and the demand curve for lettuce both shift to the left by an equal amount, what can we say about the result
    13·1 answer
  • Which of the following statements about bribery is most accurate? Question 49 options: Bribes, kickbacks, and payoffs offered to
    10·1 answer
  • Renaissance Technologies (RenTech) is a good example of a hedge fund that has benefited from the ________________ to the financi
    5·1 answer
  • Swan Textiles Inc. produces and sells a decorative pillow for $98.00 per unit. In the first month of operation, 2,200 units were
    14·1 answer
  • XYZ Company operates on a remote interstate highway. It provides premium services to truckers en route to remote locations. It h
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!