All categories

3 years ago

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:

It is useful
It is transferable between people
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