Answer: The price elasticity of demand for hot dog is -0.2
Explanation: Price elasticity of demand is the percentage change in quantity of a goods divided by the percentage change in the price of the goods
PED = %∆Q ÷ %∆P
STEP1: CALCULATE THE PERCENTAGE CHANGE IN QUANTITY
[(510 - 500) ÷ 500 ] × 100 = 2%
STEP2: CALCULATE THE PERCENTAGE CHANGE IN PRICE
[($1.35 - $1.50) ÷ $1.50] ×100 = -10%
STEP3: CALCULATE THE PRICE ELASTICITY OF DEMAND
2% ÷ (-10%) = -0.2
The price elasticity is -0.2 which means that the demand is inelastic. Demand is elastic when percentage change in quantity is greater than percentage change in price.
When writing copy for search text ads, web designers should include product listing offer.
The visual elements of websites are made by web designers. In order to clearly understand the information that needs to be conveyed on the website, they meet with customers either in person or online. They develop layouts, styles, and elements that display the company's services in a way that appeals to the target audience once the specifics have been decided. As digital media has permeated everyone's lives and as people increasingly rely on the internet for their communications, knowledge, shopping, products, social lives, and other needs, the web design sector is expanding quickly. Websites are created or updated by web designers. They are aware of what is required to make a website user-friendly and useful, as well as what is required to make it visually appealing.
Learn more about web designers here:
brainly.com/question/13186084
#SPJ4
Answer:
those assets regularly used to buy goods and services.
Explanation:
Depending on whether you are an economist, an accountant or work in finance, the term money may mean different things. Generally economists use the term money to refer to very liquid assets which are used to purchase the goods and services that we use on our everyday life. Economists distinguish money as assets that perform the basic functions of money:
- medium of exchange
- unit of accounting
- store of value
Higher consumer prices are likely to be accompanied by D. higher interest rates. It leads<span> to increasing the company's cost of raising capital ant then to higher cost production.</span>
Answer:
cost of goods manufactured= $5,000
Explanation:
Giving the following information:
Beginning Finished Goods Inventory= 12,000
Ending Finished Goods Inventory= 8,000
Cost of Goods Sold= $9,000
To calculate the cost of goods manufactured, we need to use the following formula:
COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory
Isolating cost of goods manufactured
cost of goods manufactured= -beginning finished inventory + COGS + ending finished inventory
cost of goods manufactured= -12,000 + 9,000 + 8,000
cost of goods manufactured= $5,000