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
AleksandrR [38]
3 years ago
6

If the absolute value of the own price elasticity of demand is greater than 1, then demand is said to be:

Business
1 answer:
OLEGan [10]3 years ago
8 0

Answer:

A. elastic.

Explanation:

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

Demand is elastic when a change in price leads to a change in quantity demanded. The coefficient of elasticity for elastic demand is usually greater than one.

Demand is inelastic when a change in price has no effect on quantity demanded.

The absolute value of the coefficient of elasticity for inelastic demand is usually less than 1.

Demand is unitary when a change in price leads to an equal proportional change in quantity demanded.

The absolute value of the coefficient of elasticity for unitary demand is usually equal to one .

I hope my answer helps you.

You might be interested in
In the context of skills of successful managers, making sacrifices to encourage and promote desired outcomes in an organization
Zielflug [23.3K]

Answer: monitoring operation

Explanation:

Monitoring operations requires management oversight, employee feedback and customer reviews. It can help provide specific directions for employees, which can lead to improved time management and increased productivity.

4 0
3 years ago
Which is a guideline for doctors pursuing research with human subjects? the human subject does not need to consent. the experime
Vikentia [17]
One guideline is

the degree of risk should not be greater than the seriousness of the problem that needs to be solved.
6 0
3 years ago
The Securities and Exchange Commission (SEC) may discipline accountants. Under its disciplinary powers, the SEC may suspend an a
Sav [38]

Answer:

D. Conviction of a felony.

Explanation:

The basis for the suspension is the <u>Conviction of a felony</u>. As common, significantly more severe the violation, that has more severe the penalty. As an illustration but observed guilty of a misbehavior violation, thou may only have to give a penalty. If a court declares a felony conviction after that you may be inspecting various years in the penitentiary. Remaining convicted concerning a felony is a dangerous matter.

5 0
4 years ago
Suppose the current level of output is 5000. If the elasticities of output with respect to capital and labor are 0.3 and 0.7, re
Tamiku [17]

Answer:

5575

Explanation:

The computation is shown below;

<u>Factor      Elasticity          Increase        Effective Increase </u>

                      A                        B      A × B

Capital      0.3                                 10%      3.00%

Labor        0.7                                  5%       3.50%

Increase due to Productivity                      5.00%

Total Increase in Output                             11.50%

(3% + 3.5% + 5%)  

Original Output                                              5000

Increase in Output (5000 × 11.5%)                 575

Increase Output (5000 + 575)                      5575

3 0
3 years ago
A deduction is money taken out of the paycheck for
evablogger [386]
For ......................Income tax
5 0
3 years ago
Other questions:
  • PLEASE HELP
    5·1 answer
  • For a perfectly competitive firm, the marginal cost curve is identical to the firm’s ________________
    11·1 answer
  • You wish to build a house and you have divided the process into a number of tasks, namely:
    5·1 answer
  • Parent Company's wholly-owned subsidiary, Son Corporation, maintains its accounting records in Danish krone. However, because al
    11·1 answer
  • What do the indicators used by economists reveal about the economy?
    14·2 answers
  • Which education and qualifications are most helpful for Revenue and Taxation careers? Check all that apply.
    13·2 answers
  • The _____ adds up the market prices of final goods and services.
    5·1 answer
  • Advise new entrepreneurs on the char<br>acteristics of co-operatives<br><br>​
    14·1 answer
  • Evaluation of the amount of costs incurred should be based on the actual volume of activity rather than the planned volume of ac
    5·1 answer
  • Management estimates that 1% of the $100,000 of credit sales will be uncollectible. The Allowance for Doubtful Accounts has a $1
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!