As a result of the demand increasing only slightly compared to the reduction in price, the demand must be <u>inelastic</u>.
<h3>Why is the demand inelastic?</h3><h3 />
The demand is considered to be inelastic if the price elasticity is less than 1.
The price elasticity is:
= (%Change in quantity/% Change in price)
Solving gives:
= 15 / 200 ÷ 0.50 / 3.50
= -0.525
In conclusion, the demand for the shakes is inelastic.
Find out more on inelastic demand at brainly.com/question/1899986.
Answer:
True
Explanation:
Business-level strategy focuses on how to satisfy customers, offer goods and services that meet up to their standard, and improve operating profits.
Business level strategies are actions carried out to give value to customers and also gain a competitive advantage by taking advantage of core competencies in specific, individual product or service markets.
Answer:
A;36
Explanation:
So lets recall the different parts of a box and whisker plot.
The dot at the very right end of it is the maximum, where the largest number is.
After that, the box to the right is the upper quartile.
On the left, the box on the left is the lower quartile.
In between the right and left of the box is the median, which seperates the upper quartile by the lower quartile.
Finally, we have the dot farthest to the left, which is the minimum.
So on our box and whisker chart, lets look at the dot farthest to our left, since thats the minimum.
<u>This should be 36.</u>
Hope this helps! ;)
Answer:
panel interview
Explanation:
Based on the information provided within the question it can be said that this is an example of a panel interview. This is a type of interview in which a group of individuals all ask questions to the potential candidate. This group of individuals then analyzes the question and make a group decision as to whether or not they will hire the individual for the job.
C. prototyping, does it makes sense now.