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natulia [17]
3 years ago
12

Consider firms that introduce new​ products, such as DVDs in 2001. When firms introduce new​ products, how do they typically det

ermine the price elasticity of demand for those​ products? Firms with new products often A. identify price elasticity of demand by using price controls to set price floorsfloors. B. approximate price elasticity of demand with market signals such as shortagesshortages. C. identify price elasticity of demand by asking for government assistance. D. estimate price elasticity of demand by experimenting with different prices. E. guess price elasticity of demand based on market competition.
Business
1 answer:
Svetach [21]3 years ago
4 0

Answer:

D. estimate price elasticity of demand by experimenting with different prices

Explanation:

Price elasticity of demand measures the degree of responsiveness of quantity demanded to changes in price.

Demand is elastic if a small change in price has a greater effect on the quantity demanded.

Demand is inelastic if a change in price has little or no effect on quantity demanded.

Demand is unit elastic if a change in price has the same proportional change on quantity demanded.

By experimenting with different prices and monitoring the different quantities demanded at each price, a new firm can determine the elasticity of demand for their product.

Price controls are set at the discretion of the government and not by firms.

Shortages imply they quantity demanded exceeds quantity supplied. It doesn't give any information on elasticity of demand.

I hope my answer helps you

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The "Find Your Beach" campaign for Corona Extra makes the experience of drinking the beer more enjoyable and connects the experi
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Answer: Transformational

Explanation: Transformational ad is the kind of advertisement which affiliates the occurrence which leaves an impression on the consumers using the advertised trademark with a remarkable set of psychological peculiarities, this would not normally be related to the label experience to the same extent without exposure to the advertisement. This type of advertising creates the experience of utilizing the commodity more interesting, warmer, more thrilling, and more desirable than when the advertisement is exclusively from a purpose portrayal of the label.

4 0
3 years ago
3. Which of the following is not recorded on your credit report?
mamaluj [8]
A.the income is 2963829
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D) last 2 year
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2 years ago
Please Help Me With My Homework
serg [7]

Answer:

Weak Economy

Explanation:

A country’s economic performance is measured using three key indicators, one of which is the unemployment rate. When adults who are willing and able to work cannot find a job, it may be a sign that an economy is producing less than it could. On the other hand, unemployment is also a natural phenomenon that even healthy economies experience. While the official unemployment rate is helpful in representing the state of a nation’s workforce, it does have some shortcomings that should be considered, such as excluding discouraged workers.

There are three types of unemployment that economists describe: frictional, structural, and cyclical. During recessions and expansions, the amount of cylical unemployment changes. Cyclical unemployment is closely related to the business cycle, and causes the deviations of the current rate of unemployment away from the natural rate of unemployment.

The labor force participation rate (LFPR)

The labor force participation rate (LFPR) is another measure of labor market activity in the economy. The LFPR is the percentage of the adult population that is in the labor force. The labor force includes everyone who is either employed or unemployed. The adult population is defined as anyone who is over the age of 16 who potentially could be part of the labor force. Anyone who is less than 16 years old, is in the military, or is institutionalized is not considered to be potentially part of the labor force and is excluded from this calculation.

When people enter the labor force the LFPR increases, and when people exit the labor force the LFPR decreases. A decrease in the LFPR that occurs at the same time as a decrease in the unemployment rate can signal that there are more discouraged workers.

Limitations of the unemployment rate

The unemployment rate as it is measured officially is often criticized for understating the level of joblessness because it excludes anyone working at all or people who aren’t looking for work. In particular, the official unemployment rate leaves out discouraged workers and the underemployed. People who have given up looking for work because they are convinced that they cannot find jobs are considered discouraged workers. Some people are counted as employed because they are working part-time, even though they really want full-time work.

Three types of unemployment

Economists primarily focus on three types of unemployment: cyclical, frictional, and structural. Cyclical unemployment is the unemployment associated with the ups and downs of the business cycle. During recessions, cyclical unemployment increases and drives up the unemployment rate. During expansions, cyclical unemployment decreases and drives down the unemployment rate.

4 0
2 years ago
Suppose that the requirements​ (in gallons) for the next four quarters are revised to 140 comma 000​, 60 comma 000​, 90 comma 00
sdas [7]

<u>Solution and Explanation:</u>

<u>As per the given data:</u>

Quarter 1 = 90000, Quarter 2 = 90000, Quarter 3 = 60000, Quarter 4 = 140000

a. Quarterly production rate is calculated as follows:

Q = ( 90000 + 90000 + 60000 + 140000 ) divide by 4

after calcualting the above equation, we get, = 95000 gallons per quarter tin order to meet the demand.

b. Anticipation inventory:

1 st quarter = 95000 minus 90000 = 5000 gallons

2 nd quarter = 95000 minus 90000 = 5000 + 5000 in prior quarter = 10000 gallons

3 rd quarter = 95000 minus 60000 = 35000 + 10000 in prior quarters = 45000 gallons

4th quarter = 140000 minus 450000 minus 95000 = 0 gallons.

6 0
3 years ago
What is most likely a consequence of paying most or all of a salesperson's compensation in the form of commissions?
Aleksandr-060686 [28]

A consequence of paying most or all of a salesperson's compensation in the form of commissions is It encourages the salesperson to focus on closing the sale.

A sales commission is a payment made to an employee after they successfully complete a task, typically selling a predetermined volume of goods or services. Sales commissions are a common incentive used by employers to boost employee productivity. A commission can be paid instead of or in addition to a salary.

A commission is a fee a broker or investment advisor charges for handling a client's purchases and sells of securities or for offering financial advice.

Learn more about commissions here

brainly.com/question/20987196

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6 0
1 year ago
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