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
stich3 [128]
2 years ago
13

If Starbucks raises its price by 5 percent and McDonald’s experiences a 0.5 percent increase in demand for its coffee, what is t

he cross-price elasticity of demand?
Instructions: Round your response to two decimal places. If you are entering a negative number be sure to include a negative sign (-) in front of that number.
Business
1 answer:
Gnesinka [82]2 years ago
6 0

Answer:

<em>Cross-price elasticity of demand = 0.1</em>

Explanation:

We have the formula to calculate the cross-price elasticity of demand as below:

<em>Cross-price elasticity of demand = % change in quantity demanded for product X/ % change in price of product Y</em>

<em />

Starbucks raises its price by 5 percent, so that <em>percentage changes in price of Starbucks' products</em> are 5

McDonald's experiences a 0.5 percent increase in demand for its coffee, so that <em>percentage changes in quantity demanded for McDonald's coffee </em>is 0.5

=> <em>Cross-price elasticity of demand = % changes in quantity demanded for McDonald's coffee/ %changes in price of Starbucks' products</em>

<em>= 0.5/5=  0.1</em>

You might be interested in
The umayyad insisted that conquered people pay a special head tax if they did not convert to islam. this head tax was called the
likoan [24]
The special tax was called J<span>izya.</span>
6 0
2 years ago
Logistics is the process of coordinating the flow of goods, services, and information among all members of the supply chain. Gro
Molodets [167]

This is true about about logistics. It is the process of coordinating the flow of goods, services, and information among all members of the supply chain.

<h3>What is the importance of logistics?</h3>

In the business and the supply world, logistics is very important for the reasons that have been listed below:

  • It helps to increase customer satisfaction.
  • It helps in the control of a businesses inventory.
  • It increases efficiency in the business place.
  • It helps to lower rates.

Read more on logistics here: brainly.com/question/23177203

8 0
2 years ago
Nelson’s motto is “Go big, or go home.” Which type of investment would Nelson prefer? A. savings account B. speculative investme
il63 [147K]

Answer:speculative investment

Explanation:

just took the test.

5 0
3 years ago
Allegheny Company ended Year 1 with balances in Accounts Receivable and Allowance for Doubtful Accounts of $74,000 and $3,900, r
Nadya [2.5K]

Answer:

The 9,300 should Allegheny report as Uncollectible Accounts Expense on its Year 2 income statement

Explanation:

The non-collectible accounts expenses on its Year 2 income statement is shown below:

= Ending balance + write off balance - opening balance

= $6,000 + $7,200 - $3,900

=$9,300

The accounts receivable is not to be considered because we have to find out the uncollectible accounts expense, so the account receivable balance should not be taken in the computation part.

Hence, the 9,300 should Allegheny report as Uncollectible Accounts Expense on its Year 2 income statement

5 0
3 years ago
Brenda is a new employee orientation trainer for a global corporation with subsidiaries all over the world. She needs to convey
iren [92.7K]

Answer:

High context cultures are heavily dependent on non verbal cues and subtle situational cues while communicating with others. In such cultures a person's reputation, prestige, status in society are considerably important.

Explanation:

In high context cultures are complete contrast to low context. In low context cultures, communication takes place clearly through language and rules of communication are clearly stated. While on the other hand in high context cultures, communication is subtle through body language, tone of voice, person's status etc. The use of contextual elements is more.

5 0
3 years ago
Other questions:
  • What would power of attorney be needed ?
    8·2 answers
  • Rustic Living Furniture Company manufactures furniture at its central Kentucky factory. Some of its costs from the past year inc
    11·1 answer
  • As randomly selected securities are combined to create a portfolio, the ________ risk of the portfolio decreases until 10 to 20
    5·1 answer
  • Friends of the Court" documents filed by interested parties to encourage the Court to grant or deny certiorari, or to urge the C
    10·1 answer
  • Myra Manning, CFE, was hired to investigate some suspicious activity at Arizona Medical Supply after one of the company's larges
    9·1 answer
  • When you are shopping for a loan, the __________ is the important rate to compare.
    13·1 answer
  • Many economists argue that, in the long run, the economy self-corrects and achieves full employment. What is this argument calle
    9·1 answer
  • Select a company of your choice. Assume that your firm is considering whether to make a component in-house or to outsource it to
    14·1 answer
  • If a management team wishes to undertake efforts specifically aimed at helping the company meet or beat the investor-expected in
    6·1 answer
  • How many people see fights at school and put the video on this
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!