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
Amiraneli [1.4K]
3 years ago
9

If 20 percent increase in the price of a good leads to a 60 percent decrease in the quantity demanded, then what is the price el

asticity of demand?
Business
1 answer:
sp2606 [1]3 years ago
7 0

Answer:

3

Demand is elastic

Explanation:

Elasticity of demand measures the responsiveness of quantity demanded to changes in price.

Elasticity of demand = percentage change in quantity demanded / percentage change in price

60 / 20 = 3

Demand is elastic because the coefficient of elasticity is greater than 3.

This means that a small change in price has a greater effect on the quantity demanded.

I hope my answer helps you

You might be interested in
When Keisha started her new job, she went through ______ to help her transition and fit smoothly into the job and organization.
VARVARA [1.3K]

Answer: Orientation

Explanation:

Orientation is the process through which information and guidelines of organization or form is provided to newly hired employees.They are introduced to culture of organization, dress-code, work-place, payment, incentives,benefits, colleagues and other employees, duties etc.

According to the question,Keisha is going through orientation process so that she can get associated with her job and work space accordingly as a new employee.

4 0
3 years ago
Greg needed to earn some money to help pay for
son4ous [18]

It would depend on which Greg you are referring to.

<span>If it’s Greg from Cabin Fever, he needed more money to buy gifts.</span>

If it Greg from the Diary of a Wimpy Kid, he needed more money to buy food, more specifically cookies.

5 0
3 years ago
_____, which are websites that provide virtual communities in which people with shared interests can communicate, are common sou
masha68 [24]

Answer:

B) Social networking sites

Explanation:

5 0
3 years ago
The term that best matches the description given.
Leto [7]

Answer:

I think Quantitative data

Explanation:

I'm sry if I'm wrong

4 0
2 years ago
Suppose Yamahonda, a Japanese-owned motorcycle manufacturer, builds a production plant in Alabama. This is an example of foreign
Alika [10]

Answer:

The statement is true, as it is an example of foreign direct investment.

Explanation:

Foreign direct investment is the direct investment by individuals or legal persons in production or business operations abroad. In this context, investments include both acquisition of foreign operations and expansion of own operations.  

Foreign direct investment does not include the purchase of either shares or bonds per se. More specifically, the IMF has restricted direct investment on acquisitions to cases where the foreign investor owns 10% or more of the shares that give administrative rights in the business. Investment funds that can be classified as foreign direct investments therefore include equity deposits, reinvestments of dividends from the business, as well as the allocation of short-term and long-term loans between parent companies and subsidiaries.  

3 0
3 years ago
Other questions:
  • Crank Co. is a software developer that has accumulated costs related to developing a software application for internal use. The
    6·1 answer
  • Use the following information to determine the ending cash balance to be reported on the month ended June 30 cash budget.a. Begi
    11·1 answer
  • What amount would Becca declare on her income tax return if Becca and Suzanne had formed a Subchapter S corporation and there wa
    7·1 answer
  • The basic rest-activity cycle is about 30 minutes in length <br> a. True <br> b. False
    13·1 answer
  • With respect to gift giving and gift receiving, ____ refers to money paid before an exchange.
    7·1 answer
  • Bennett Company’s high and low level of activity last year was 150,000 units produced in June and 50,000 units produced in Janua
    10·2 answers
  • Johnson Bailey and Kailey Clark's corporation, Bailey-Clark Financial, is branching out into the field of escrow handling. They
    9·1 answer
  • Real Cool produces two different models of air conditioners. The company produces the mechanical systems in their components dep
    11·1 answer
  • Suppose the government offers a subsidy to laptop sellers. Say whether each group of people gains or loses from this policy.
    8·1 answer
  • Indicate whether each of the following accounts represents an asset, liability, or owner's equity: (a) Accounts Payable (b) Wage
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!