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Alla [95]
3 years ago
12

What effect does the availability of many substitutes have on the elasticity of demand for a good?

Business
1 answer:
zepelin [54]3 years ago
4 0
The availability of many substitutes increases the elasticity of demand for a good. With the presence of substitutes the consumer has more options to seek out if there are price changes, therefore, the consumer is highly responsive to price changes and thus the elasticity of the demand curve is higher if there are many substitutes. 
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Hewitt Company expects cash sales for July of S15.000, and a 22% monthly increase during August and September. Credit sales of $
larisa [96]

Answer:

b) $22, 326 and $16, 900

Explanation:

The computation is shown below:

Budgeted cash sales

July cash sales

=  $15,000

August sales

= July sales +  July cash sales × monthly increase

= $15,000 + $15,000 × 22%

= $15,000 + $3,300

= $18,300

September sales

= August sales + august sales × monthly increase

= $18,300 + $18,300 × 22%

= $18,300 + $4,026

= $22,326

Budgeted credit sales

July cash sales

=  $10,000

August sales

= July sales +  July cash sales × monthly increase

= $10,000 + $10,000 × 30%

= $10,000 + $3,000

= $13,000

September sales

= August sales + august sales × monthly increase

= $13,000 + $13,000 × 30%

= $13,000 + $3,900

= $16,900

5 0
3 years ago
Christina purchased 200 shares of stock at a price of $62.30 a share and sold them for $70.25 a share. She also received $148 in
vivado [14]

Answer:

B) 9.75 percent

Explanation:

Christina's net gains with this operation was:

  • $148 in dividends
  • 200 shares x ($70.25 - $62.30) = 200 x $7.95 = $1,590

total gain = $148 + $1,590 = $1,738

Christina invested 200 x $62.30 = $12,460

her nominal rate of return = $1,738 / $12,460 = 13.95%

if the inflation rate was 4.2%, then her real rate of return = 13.95% - 4.2% = 9.75%

8 0
4 years ago
Corporate social responsibility (csr) means that a corporation should:
postnew [5]
<span>Corporate Social Responsibility (CSR) can be described as an approach of business that contributes to continuous development of business by providing/delivering economic, environmental and social benefits to all the stakeholders of the company. CSR means that a corporation should take accountability of its actions on people, community and the environment in which it exists.</span>
6 0
3 years ago
Jason, a high-school student, mows lawns for families in his neighborhood. the going rate is $12 for each lawn-mowing service. j
Snowcat [4.5K]
For the answer to the question above, I<u><em> believe the answer is </em></u><span><u><em>If Jason raises his price he would lose all his customers.</em></u></span>

Because a teenager could do that and he doesn't need an experience for lawn mowing and if you'll gonna increase your price. Be sure that you offer something additional or something special. A price hike in a competitive market is not good at all. Whether it's a big or a small business
8 0
4 years ago
+ human resource management to be interesting and significant. When pursuing a position as a manager, Ann decides she wants to w
Harman [31]

Answer:

a small business with an HR specialist but no HR department.

Explanation:

According to my research on human resources within organizations, I can say that based on the information provided within the question the type of organization that would most likely offer this to Ann would be a a small business with an HR specialist but no HR department. This is because smaller business only need one HR specialist to handle all the employee needs since there are not that many, as opposed to bigger business which would need a whole HR department in order to be able to handle the workload needed to take care of all the employees with the company.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

6 0
3 years ago
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