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juin [17]
3 years ago
13

6. If the price elasticity of supply is 1.2, and a price increase led to a 5% increase in quantity supplied, then the price incr

ease is about
Business
1 answer:
PolarNik [594]3 years ago
5 0

Answer:

Price increase is about 4.2%

Explanation:

Price Elasticity of Supply (PES) is a measure of the responsiveness of the quantity of a particular good/service supplied to a change in price.

The price elasticity of supply is mathematically the ratio of the percentage change in quantity supplied to the percentage change in price.

PES = \frac{\%\ change\ in\ quantity}{\%\ change\ in\ price} \\where\\PES= 1.2\\\% change\ in\ quantity = 5\%\\\%\ change\ in\ price = ???\\\therefore 1.2 = \frac{5}{\%\ change\ in\ price}\\ \%\ change\ in\ price = \frac{5}{1.2} \\\%\ change\ in\ price = 4.16\%

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gavmur [86]

Answer:

Find attached statement and the question which question number 10.

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Explanation:

In the statement you would notice that the balance transfer from another credit card was $785,upon which balance transfer levy of  $23.55 was  charged(Section 7)

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3 years ago
See the "zane corbin, accounting major" case for this question. given the facts available in this case, do you believe the upchu
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<h3 /><h3>What is the William J Upchurch medal? </h3>

The William J Upchurch medal is a final undergraduate award, which is given annually to the outstanding seniors in the Hopkins college of Business.

The criteria for the award consists overall GPA, GPA in business courses, involvement in student organization etc.

The facts available in this case are: Cobin was attending the orientation session in his junior year, & went to two career fairs in the past two year. He was also a member for two years. He should stay to see the result of the academic hearing.

Learn more about the William J Upchurch medal here:-

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2 years ago
According to the invisible hand concept, the best way for a society to encourage the creation of jobs and the production of the
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The correct answer is "Allow entrepreneurs personal freedom to follow their self-interest"

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Candy Claws Company gathered the following reconciling information in preparing its August bank reconciliation: Cash balance per
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