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kotegsom [21]
3 years ago
11

Determine which statement about the absolute value of the price elasticity of demand is correct. The price elasticity of demand

for gasoline is greater than the price elasticity of demand for cereal because because more people eat cereal than use gasoline. The price elasticity of demand for Gain laundry detergent is likely to be greater than the price elasticity of demand for laundry detergent in general. The price elasticity of demand for laundry detergent in general is likely to be greater than the price elasticity of demand for Gain laundry detergent. The price elasticity of demand for gasoline is less than the price elasticity of demand for cereal because because more people eat cereal than use gasoline.
Business
1 answer:
dedylja [7]3 years ago
6 0

Answer: Option (b) is correct.

Explanation:

Correct option : The price elasticity of demand for Gain laundry detergent is likely to be greater than the price elasticity of demand for laundry detergent in general.

People are definitely using laundry detergent for doing laundry but when we are talking about a particular detergent, then are many substitutes available to do the laundry. Hence, the price elasticity of demand for the Gain laundry detergent is generally higher than for the laundry detergent in general.

Therefore, correct option is part (b).

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How much yearly revenue does soccer brings in?
Irina-Kira [14]

Answer:

Soccer is a sport which gets majority of its revenue from television rights and tournament sponsors.

The Men’s World Cup tournament is known by the governing body, FIFA to generate more money than any other tournament. FIFA was believed to have earned more than $6 billion in its last organized men’s tournament.

This translates that the total revenue soccer brings in is in the region of hundreds of billions of dollars.

4 0
3 years ago
You have $5,400 to deposit. If you deposit the money in a savings account at your local bank, you will earn 1.49% annual interes
likoan [24]
$5,400 × 0.0149 = $80.46
$5,400 × 0.0444 = $239.76

$239.76 − $80.46 = $159.30

$159.30 / ($5/withdrawal) = 31.86 withdrawals

Answer: a. 32
3 0
3 years ago
Kelsey and Cody have been making payments on this furniture for 18 months, but Cody gets laid off from his job, and their income
ycow [4]

Most contracts like this will not change based on the borrowers financial situation. In this case, Kelsey and Cody will still be responsible for paying the debt they owe. Several things will happen if they do not pay:

1. the debt will be sent to a collections agency

2. This will cause a derogatory mark on their credit history.

4 0
3 years ago
Carol takes out an insurance policy on her car. Carol can assign her policy to a third party
notka56 [123]
What is the question here? 
4 0
3 years ago
On January 1, 2017, Hage Corporation granted incentive stock options to purchase 25,000 of its common shares at $9 each. The opt
MAVERICK [17]

Answer:

$211,750

Explanation:

The computation of diluted earnings per share for the quarter is shown below:-

Particulars                                                    Shares

Proceeds from exercise of options a          $225,000

(25,000 × $9)

Used to repurchase of common stock b     $18,750

( $225,000 ÷ $12)

Number of shares if option is exercised c   $25,500

Less: Shares assume repurchased d           $18,750

Potential Diluted common shares (e = c-d)  $6,750

Add: Number of common f                             205,000

Number of shares diluted earning per share $211,750

(e + f)

Therefore the Number of shares diluted earning per share is $211,750

3 0
3 years ago
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