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
Naya [18.7K]
3 years ago
7

What can you conclude about the relationship between the slope of the demand curve above and its elasticity?

Business
1 answer:
NemiM [27]3 years ago
6 0

Answer:

By definition, the price elasticity of demand equals the percentage changes in the quantity demanded divided by the percentage changes in the price. There is an opposite relationship between the demand elasticity and the slope of the demand curve.

You might be interested in
Through coordinating partnerships with dedicated suppliers, Warby Parker have ensured quality, built a lean manufacturing operat
Sedbober [7]

Answer:

B. Profit / Economic

Explanation:

The triple bottom line addresses three factors that a socially responsible company must adhere to. The People / Social factor discusses the importance of the social needs of the customers which the customer must fulfill. The Planet / Environment factors are the factors that discusses about the responsiblity of the company to manufacture environmental friendly products that do not harm the environment and is sustainable. The Profit / Economic factor is one of the three factor which company must try to earn profit to keep the business running and thus benefits by earning profit to a lot of stakeholders.

The quality product is a reason why the customer prefer the company's product which helps the company in making profit. So the profit / economic factor is the right option.

6 0
3 years ago
What type of financial aid does not require you to pay money back
9966 [12]
Section 8 does not require you to pay them back

8 0
3 years ago
Read 2 more answers
Darth Company sells three products. Sales and contribution margin ratios for the three products follow:
lukranit [14]

Answer:

C. 31.25%.

Explanation:

PRODUCTS                   X               Y                 Z               Total

Sales in dollars         $20,000   $40,000   $100,000     $160,000

CM ratio                     45%              40%           25%

Contribution margin ratio can be calculated by weighted average method base on the sales ratio of each product.

Contribution margin as a whole = ( CM ratio of X x Ratio of X in total sales ) + ( CM ratio of Y x Ratio of Y in total sales ) + ( CM ratio of Z x Ratio of Z in total sales )

Contribution margin as a whole = ( 45% x $20,000 / $160,000 ) + ( 40% x $40,000 / $160,000 ) + ( 25% x $100,000 / $160,000 )

Contribution margin as a whole = 5.625% + 10% + 15.625% = 31.25%

6 0
3 years ago
What trick of trust describes why companies trying to sell you something will often use terms like 'limited edition' or 'limited
hoa [83]

The trust trick for making sales using terms like "limited edition" or putting countdowns of time and remaining items for an offer is called the scarcity technique.

Scarcity marketing can be understood as a way to activate psychological triggers to generate purchase desire in consumers through product shortages, as people tend to perceive limited quantities as more valuable.

This strategy to drive sales will be effective if it meets three criteria:

  1. It is useful
  2. It is transferable between people
  3. It has the potential to be possessed

Therefore, companies can gain significant advantages by implementing the scarcity technique, increasing sales and generating greater value for the consumer.

This strategy needs to be used sparingly so as not to create too much pressure on the consumer to make a purchase and not to generate an image of poor inventory management.

Find out more information about scarcity here:

brainly.com/question/20254934

8 0
3 years ago
Johnson Company manufactures a variety of shoes, and has received a special one-time-only order directly from a wholesaler. John
tia_tia [17]

Answer:

Addition to operating income by sepcial order is $22,500

Explanation:

As the fixed cost is covered by other production. It is not been accounted for in this order. It is an avoidable cost regarding this project.

Special order 15,000 pairs

Sale receipt = 15,000 pairs x $7.50 = $112,500

Variable cost = 15,000 pairs x $5 = $75,000

Gross Income = $112,500 - $75,000 = $37,500

Variable Selling Expense = 15,000 pairs x $1

Variable Selling Expense = $15,000

Operating Income = Gross Income - Variabe selling price

Operating Income = $37,500 - $15,000

Operating Income = $22,500

3 0
3 years ago
Other questions:
  • Santana Rey, owner of Business Solutions, decides to prepare a statement of cash flows for her business using the following fina
    10·1 answer
  • Alin Co. purchases a building for $300,000 and pays an additional $30,000 for closing costs (brokerage, title, attorney fees). A
    8·1 answer
  • The flexible response policy increased the military budget. how do you think this affected the nuclear arms race?
    15·1 answer
  • Are consumers only interested in making themselves as well off as possible in a material​ sense? consumers are
    14·1 answer
  • Beverly Company has determined a standard variable overhead rate of $1.25 per direct labor hour and expects to incur 1 labor hou
    8·1 answer
  • The government has set a price floor on bread. Manufacturers can’t sell loaves for less than $5.00, which is a dollar above the
    13·1 answer
  • Holly and matt want to use the "nonworking" spouse method to determine the amount of life insurance coverage they need. if their
    12·1 answer
  • Use the information for Geiberger Corporation from BE21.12, except assume the collectibility of the rentals is not probable. Pre
    9·1 answer
  • Which law signed by president george w. bush, allowed for more economic freedom amongst different kinds of businesses on the 401
    11·1 answer
  • Michael works as a financial advisor in a doctors office. The two organizations that Michael most likely belongs to are the..
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!