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Lena [83]
4 years ago
10

If a 20 percent increase in the price of Red Bull energy drinks results in a decrease in quantity demanded of 25 percent, we say

the demand for Red Bull is __________ in this range.
Business
1 answer:
Ierofanga [76]4 years ago
3 0

Answer:

Elastic

Explanation:

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

25% / 20% = 1.25

If the elasticity of demand is greater than one ,it means demand is elastic.

Elastic demand is when a change in price leads to a greater change in quantity demanded.

I hope my answer helps you

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Generally, it is important to be upfront, express regret that the company can't meet the deadline, and tell the customer how the problem will be fixed.

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4 years ago
I help back so please help me. also i have uploaded many questions today if you want a lot of points...
7nadin3 [17]
I think the 2nd option is the answer.
6 0
3 years ago
Read 2 more answers
If Glass Inc. produces 80 window panes per day at the market price of $60 in a perfectly competitive market, what would happen t
Verdich [7]

Answer:

Price will not change

Explanation:

A perfectly competitive market is a market where there are many firms that produce and sell similar products, no barriers to entry and exist, all firms are price takers and none of the firms is big enough or has the power to influence the market or change the price in the market.

The implication is that a firm can decide to increase its output to any level in perfectly competitive market market, but this increased out can only be sold at the market price which it has no power to change.

Therefore, if Glass Inc. Glass Inc. increases production to 120 window panes from 80, the price will still remain at $60, every other thing remain constant.

I wish you the best.

8 0
3 years ago
You gave $770 to your cousin. As a token of gratitude, your cousin gave you $1,190 at the end of the year instead of $770. If yo
Kamila [148]

Answer:

annual rate of return  = 54.55%

Explanation:

given data

gave to your cousin present value = $770

cousin give you future value = $1190

solution

we get here annual rate of return that is express as

annual rate of return = \frac{future\ value}{present\ value} - 1    ...................1

put here value and we get

annual rate of return = \frac{1190}{770} - 1

solve it we get

annual rate of return  = 54.55%

7 0
3 years ago
Dupli-pro copy shop provides photocopying service. next year, dupli-pro estimates it will copy 2,800,000 pages at a price of $0.
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How are additional product costs specified?

Product costs are often referred to as "inventory costs" or "manufacturing costs." Permanent costs: - Selling and administrative costs. These costs are reflected in the income statement as incurred.

Is the product costs advertised?

Sales commissions, administration fees, advertising and marketing, and office space rentals are all recurring fees. These charges are not covered as part of the cost of purchased or synthetic items, but are recognized as charges in the profit and loss account for the period in which they are incurred.

Is the rental the product costs?

When a manufacturer leases its manufacturing equipment and systems, the lease is the product costs (rather than the price of length). In other words, the rent is protected against the manufacturing overheads assigned to the manufactured product.

Learn more about product cost here:- brainly.com/question/24494976

#SPJ4

4 0
1 year ago
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