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
Scorpion4ik [409]
3 years ago
12

If when the price of product e decreases by 2%, this causes its quantity demanded to increase by 14% and the quantity demanded f

or product f to increase by 17%, what is the cross-price elasticity of demand?
Business
1 answer:
hodyreva [135]3 years ago
3 0
Cross elasticity of demand measures the responsiveness in the quantity demand of one good when a change in price takes place in another commodity or good. It is calculated by dividing the percentage change in the quantity demanded of one good by the percentage change in price of other good.
Therefore, in this case, cross elasticity of demand will be;
   17%/-2% = - 8.5   (-2% because its a decrease)
Thus , the elasticity will be -8.5
You might be interested in
How old do you have to be to buy a lighter in texas
Maslowich

Answer:

hope it's help you ok have a good day

8 0
2 years ago
The risk associated with the unlikelihood that one of the key members will be struck by lightning would most likely be handled b
vova2212 [387]

Answer:

B) Retaining

Explanation:

Retaining risk refers to the risk in which the company could able to take the decision with respect to the responsibility for some particular risk

Here in the given situation it represents that the risk is associated with one of the key members so this presents the responsibility that should be considered while retaining a risk

Hence, the correct option is B.

7 0
3 years ago
Currently digby is paying a dividend of $19. 67 (per share). if this dividend were raised by $3. 64, given its current stock pri
Oliga [24]

Given its current stock price the dividend yield would be 42.39%.

Given,

Digby is paying a dividend of $19. 67 (per share)

Dividend were raised by $3. 64

Dividend yield = Dividend per share / Market price per share.

As there is no share price given, I shall assume that the share price is $100. The new share price will be:

= 100 * (1 + $3. 64)

= $464

The Dividend yield would then become:

= 19.67 / 464

= 42.39%

The dividend yield will be calculated on the basis of the dividend per share divided by the market price per share and this will be calculated on the basis of the percentage.

To learn more about dividend yield here:

brainly.com/question/18687546

#SPJ4

3 0
2 years ago
Auto Parts, Inc. is medium-sized company that manufactures auto parts in Buffalo, New York. The company currently loses $40,000
Firlakuza [10]

Answer:

I agree with the owner of the company

Explanation:

The overall losses are $40,000 per month and the fixed costs are $30,000 per month.

The company should stop production because the losses are over fixed cost and this tells us that the company is not even able to recover the variable costs and because the variable costs are not at least recovered, there would be no point for the company to continue in the business as it would keep on making a loss and the logic might be wrong regarding sunk costs but the decision must be taken in favour where production should be stopped.

7 0
3 years ago
Give one word for the following.
Lyrx [107]

Answer:

a fired

b quit

Explanation:

involuntary is not by choice

voluntary is by choice

4 0
2 years ago
Other questions:
  • One of the important questions Jerome needs answered about his potential career is whether he will be working outdoors, because
    8·2 answers
  • 2. In order to expedite basic performance improvement team functioning, the team should: A. Establish ground rules. B. Perform f
    11·1 answer
  • The principal functions of management are ___.
    15·1 answer
  • A company usually determines the amount of supplies used during a period by:
    8·1 answer
  • Railroads were once operated based on the thinking that users wanted trains that would offer the most in quality, performance, a
    6·1 answer
  • Which lists the Business, Management, and Administration careers in order from highest level of education typically required to
    15·1 answer
  • Blossom Corp. incurred $710000 of research and development costs to develop a product for which a patent was granted on January
    6·1 answer
  • Idle Time Gaming, Inc., has reached the point where it needs several million dollars in order to expand and follow its strategic
    10·1 answer
  • During 2021, Phil Rupp presents the following transactions:_______.
    12·1 answer
  • Which of the following statements would be
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!