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3 years ago

Decide whether you agree or

Business

1 answer:

Leona [35]3 years ago

3 0

Answer:

A. Disagree

B. Disagree

C. Disagree

Explanation:

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

Demand is elastic if a small change in price leads to a greater change in quantity demanded. The absolute value of elastic demand is usually greater than 1.

Demand is inelastic if a small change in price has little or no effect on the quantity demanded. The absolute value of inelastic demand is usually less than 1.

Demand is unitary, if a change in price has the same proportional effect on quantity demanded. The absolute value of unitary elasticity of demand is equal to 1.

The absolute value of elasticity for cocaine is 0.2 which indicates that it has an inelastic demand, if price increases, there would be no change in the quantity demanded. Amount spent on cociaine would increase and producers revenue would rise.

The absolute value of elasticity for Christmas three is 1.3 which indicates that it has an elastic demand. If price falls, the quantity demanded would rise and revenue earned by sellers would rise as a result.

When elasticity of demand is unitary, an increase in price leads to the same proportional increase in revenue.

I hope my answer helps you

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Explain how the legal, regulatory and ethical requirements relate to the business of selling or marketing

PIT_PIT [208]

<span>The scope of legal, regulatory and ethical requirements in a business consists of a range of procedures, actions and processes, which are designed to work within laws and regulations including ethical standards. These procedures are applicable to sales and marketing and the company has to ensure that these requirements are clearly understood and are up to date and truthful.</span>

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3 years ago

Select the statement which best describes the primary purpose of closing entries a. To complete the recording of various transac

ValentinkaMS [17]

Answer: c. To reduce the balances of revenue and expense accounts to zero so that they may be used to accumulate the revenues and expenses of the next period.

Explanation:

Closing entries are the journal entries that are made at the end of an accounting period in order to be able to transfer temporary accounts to the permanent accounts.

The primary purpose of closing entries is to reduce the balances of revenue and expense accounts to zero so that they may be used to accumulate the revenues and expenses of the next period.

Therefore, the correct option is C.

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3 years ago

At Schwinn, managers of various new departments in the company were told, "Go out and shape the department the way you feel is b

Alinara [238K]

Answer:

Free-rein Leadership

Explanation:

Free-rein leadership popularly known as Laissez-Faire is the process where leaders gives members the freedom to make decisions. In situations like this, a larger goal or objective is set and members are given the free role to make appropriate decisions needed is completing set goal or objective. In this case, managers of various departments at Schwinn are given total freedom by their overall boss to operate their various departments the best way they see fit.

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4 years ago

A woman has a taco stand. she found that her daily costs are approximated by upper c left parenthesis x right parenthesis equals

qaws [65]

We are given with a function which represents the costs entailed for her taco stand. The expression given is <span>c(x)=x2-40x+66. to get the minimum cost, we derive the equation and equate to zero. Hence,
c'(x)=0=2x-40
40 = 2x
x=20 tacos
c(x)=20^2-40*20+660
c(x)=$260</span>

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3 years ago

When Hurricane Katrina shut down many oil refineries, the supply curve for oilA. shifted to the leftB. shifted to the rightC. st

4vir4ik [10]

Answer:

A. shifted to the left

Explanation:

When refineries shut down,the supply of oil would reduce. This would lead to a shift of the supply curve to the left.

I hope my answer helps you

3 0

3 years ago