Answer:
The correct answer to the following question, price elasticity of demand is 1.25% .
Explanation:
The formula that cab be used to calculate the price elasticity of demand -
% change in quantity demanded / % change in price
Where,
% change in quantity demanded = ( Q2 - Q1) / (Q2 + Q1) / 2 X 100
% change in price = (P2 - P1) /( P2 + P1) / 2 X 100
Here Q2 = 450, Q1 = 350, P2 = $1.80, P1 = $2.20
Putting the values in the formula =
% change in quantity demanded = ( Q2 - Q1 / Q2 + Q1) / 2 X 100
= ( 450 - 350) / (450 + 350) / 2 x 100
= 100 / (800) / 2 x 100
= 100 / 400 x 100
= 25%
% change in price = (P2 - P1) /( P2 + P1) / 2 X 100
= ($1.80 - $2.20 ) / ($1.80 + $2.20 ) / 2 x 100
= (-.4) / 4 / 2 x 100
= -.4 / 2 x 100
= - 20%
so, % change in quantity demanded / % change in price =
25% / -20%
= 1.25%
Promoting an event with no money could be done by focussing on pre- event preparation and brand creation.
<h3>How do you promote an event without money?</h3>
- Utilize social media: Take into account adopting a specialty or specialized segmentation so members of a sector or demography can check your calendar for activities they are confident they will appreciate.
- Having a blogger as a friend : Make as many friends as you can with bloggers, social media ambassadors, and influencers.
- If they are essential to your low-cost event promotion, they will aid you in spreading the word if they know, like, and trust you.
- Seek media support: If you host newsworthy events, getting to know these people will be helpful to you in your event promotion as well.
- Don't forget writers for periodicals, travel websites, or anything else relevant to the activities you host and they would contribute on a large scale for your brand creation.
To learn more about brand creation, refer:
brainly.com/question/28155051
#SPJ4
Answer:
$120,000 Decrease
Explanation:
Calculation for the amount of change in net income resulting from the discontinuance of Product T.
PRODUCT T
Sales $660,000
Less Variable costs $540,000
Contribution margin $120,000 decrease
Therefore the amount of change in net income resulting from the discontinuance of Product T will be $120,000 decrease
Answer:
b. $68.65 per direct labor hour
Explanation:
Allocating based on direct labor hours, divide the total budgeted overhead cost with the actual labor cost.
$460,000/6700 hours
$68.65/hour
Answer:
coumpobd interest
Explanation:
because over time on both the principle money deposited and accumulating interest in an interest-bearing savings account