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
nikklg [1K]
3 years ago
10

All else equal, the price elasticity of demand for a good tends to be lower: A. if the good represents a large share of a consum

er's budget. B. if the good has many close substitutes. C. if the good has few close substitutes. D. in the long run.
Business
1 answer:
kvasek [131]3 years ago
3 0

Answer:

C. if the good has few close substitutes.

Explanation:

The price elasticity of demand refers to the percentage of change in the demand when the price suffers a variation. The price elasticity of the demand is higher when a change in the price of the product generates a big change in the demand which can be the result of the good having many substitutes. Also, the price elasticity of the demand is lower when a change in the price causes a small change in the demand which can be explained by the good having few substitutes. According to this, the answer is that all else equal, the price elasticity of demand for a good tends to be lower if the good has few close substitutes.

You might be interested in
When your manager, Novak, talks about a , he means a set of interrelated parts that function as a whole to achieve a common purp
andrew-mc [135]

Answer:

A System

Explanation:

Novak is referring to a system. A system is a complex union of several interrelated parts that have different specific functions, but share a common goal, and a more or less common mechanism.

Society is a system, a computer as well. Firms are systems, they have different parts: employees, stockholders and management that have specific functions but work together toward a common goal: generating revenue.

5 0
3 years ago
Which phrase best describes a capital gain? an increase in the amount of capital a firm uses in production an increase in the va
rewona [7]

Answer:

An increase in the value of an asset

A portion of profits paid back to shareholders

Explanation:

Capital gain can be defined as a rise in the value of a capital asset (which could be investment or real estate) that facilitates a higher worth than the original purchasing price.

Dividend can be defined as a distribution of profits by a certain corporation to its shareholders.

4 0
3 years ago
Round Hammer is comparing two different capital structures: An all-equity plan (Plan I) and a levered plan (Plan II). Under Plan
asambeis [7]

Answer:

EPS of Plan I = $3.19

EPS of Plan II = $2.82

Explanation:

Under Plan I:

Plan I's Earning per share (EPS) = EBIT ÷ Number of shares = $575,000 ÷ 180,000 = $3.19

Under Plan II:

Interest = $2,600,000 × 8% = $208,000

Earning after Interest = EBIT - Interest = $575,000 - $208,000 = $367,000

Plan II's EPS = $367,000 ÷ 130,000 = $2.82

5 0
2 years ago
Mega Loan Company has very stringent credit requirements and, accordingly, has negligible losses from uncollectible accounts. Th
AfilCa [17]

Answer: The correct answer is "(A) Materiality.".

Explanation: The concept demonstrated is Materiality because by having a mechanism for preventing bad accounts through their strict requirements, they only recorded bad accounts when they actually existed, instead of making a provision.

6 0
3 years ago
Which of the following is one of the first steps to take in launching the strategy execution process? A. Form a mission statemen
leva [86]

Answer:

The correct answer to the following question will be Option C.

Explanation:

  • The strategy execution method offers a systematic framework to explain, interact, enforce, and conduct policy. The objective of this project would be to ensure that the organization focuses on building value-added technologies and implementing value-optimizing expenditures.
  • Bringing together a good leadership people with the highest combination of talents, abilities, as well as the desire to do tasks has become one of the measures to follow to initiate this venture.

Other choices have no relation with the specified scenario. So Option C seems to be the right response.

5 0
2 years ago
Other questions:
  • Journalize all necessary transactions in the order they are presented in the transaction list. ​(Record debits​ first, then cred
    12·1 answer
  • In year 8, Mondo Magazines began selling one- and two-year subscriptions to its publications. Subscriptions are collected in adv
    12·1 answer
  • Hardy lumber has a capital structure that includes bonds, preferred stock, and common stock. which one of the following rights i
    5·1 answer
  • Annabelle is a law enforcement officer whose job often entails patrolling a neighborhood that is far from the sheriff’s office.
    10·1 answer
  • Consider the two savings plans below. Compare the balances in each plan after 7 years. Which person deposited more money in the​
    13·1 answer
  • Which of the following best describes how to use a test-retest reliability estimate to assess reliability?
    7·1 answer
  • g Suppose that Real GDP is growing at 7.3% per year, and that the population is growing at 2.3% per year. This implies that Real
    12·1 answer
  • Why do southeast asian farmers continue to practice slash-and-burn agriculture and shifting cultivation?
    13·1 answer
  • The following lots of a particular commodity were available for sale during the year: Beginning inventory 5 units at $61 First p
    8·1 answer
  • Suppose a coalition of students from Lincoln High School succeeds in persuading the local government to impose a price ceiling o
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!