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creativ13 [48]
3 years ago
13

Price elasticity of demand measures Select one: A. how responsive sales are to changes in the price of a related good. B. how re

sponsive quantity demanded is to a change in price. C. how responsive sales are to a change in buyers' incomes. D. how responsive suppliers are to price changes.
Business
2 answers:
Setler79 [48]3 years ago
6 0

Answer:

B

Explanation:

Elasticity of demand is the degree of responsiveness of the quantity demanded of a commodity to change in the price of the commodity.

It is of 3 types

1. Price elasticity of demand

2. Income elasticity of demand

3. Cross elasticity of demand

kobusy [5.1K]3 years ago
5 0

Answer:

The correct answer is letter "B": how responsive quantity demanded is to a change in price.

Explanation:

Elasticity is characteristic of certain goods and services have by which changes in prices affect quantity demanded. The price elasticity of demand is calculated by dividing the percentage change in quantity demanded by the percentage change in price. If the result is equal to or greater than one (1), the demand is elastic. If the result is lower than 1, the demand is inelastic.

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Anderson Enterprises, an advertising firm, planned to make its communication process more effective and interviewed employees to
Yuri [45]

Answer:

C. Social network analysis

Explanation:

According to my research on different company intercommunication techniques, I can say that based on the information provided within the question the approach being used here is called a Social network analysis. This is a form of analyzing certain individual sectors or people and observing the relationships between them.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

6 0
3 years ago
A risk of marketing myopia is that sellers pay more attention to:.
valkas [14]

Answer:

the products than to customer needs.

6 0
2 years ago
Suppose that a large lake in the middle of Minnesota evaporates, leaving more fertile farm land for growing corn available. Assu
densk [106]

Wages would fall as the number of workers available grows. Landowners in Louisiana will earn more rent as the demand for land increases.

<h3>What is the law of demand and supply?</h3>

The law of supply and demand is still in effect:

Wages: when the amount supplied increases, but the quantity required does not, the price falls.

When the quantity required increases without the quantity supplied increasing, the price rises.

Thus, Wages would fall as the number of workers available grows.

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7 0
1 year ago
New equipment was purchased by Hunter Corporation at a list price of $94,000, with credit terms of 2/10, n/30. Payment was made
IRISSAK [1]

Answer:

$102,240

Explanation:

List price $94,000

Less list price credit term(2%×$94,000)$1,880

Balance $92,120

Add: Discount period $7,800

Delivery charges $940

Labor cost $1,380

Total cost $102,240

Therefore the total cost of Hunter's equipment is $102,240

8 0
2 years ago
Developing and establishing professional contacts that can assist you in finding employment is?
butalik [34]

It is called networking.

Networking is the informal social exchange of information and ideas between people who share a profession or a common interest. Networking frequently begins with a single point of commonality.

Networking is making use of personal, commercial, academic, or family relationships to help with a job hunt, attain career objectives, learn more about your industry, or another sector in which you'd like to work. Networking might help you learn about career prospects or gain access to a firm one want to work for.

Therefore, the answer is networking.

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6 0
1 year ago
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