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sertanlavr [38]
3 years ago
11

When the price of a product is increased 10 percent, the quantity demanded decreases 15 percent. The price-elasticity of demand

coefficient for this product is: A. -1.5B. -0.15C. -0.67D. -67
Business
1 answer:
ryzh [129]3 years ago
3 0

Answer:

Correct option is (A)

Explanation:

Given:

Percentage change in price = 10%

Decrease in quantity demanded in terms of percentage = -15%

Price elasticity of demand measures the proportional change in quantity demanded due to proportional change in price. It is given by the following formula:

Price elasticity of demand = % change in quantity demanded / % change in price.

                                            = -15% / 10%

                                            = -1.5

A negative coefficient of price elasticity goes with the law of demand that states that increase in prices lead to decrease in quantity demanded.

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A company's strategy can be considered "ethical" as long as: Select one: a. it does not entail actions/behaviors that cross the
Anni [7]

Answer:

A. it does not entail actions/behaviors that cross the moral line from "can do" to "should not do" (because such actions are unconscionable, injurious to others, or unnecessarily harmful to the environment).

Explanation:

What keeps a company going is their moral conduct and transparency. It is the basic ethics any company must possess. A company's service should be established within the phrases of "can do" and should not have exceptions attached such that it may cause harm if done otherwise.

3 0
3 years ago
Daniel is a baker who has decided to create his own brand of chain restaurants, Short and Sweet. He negotiates with three suppli
Harman [31]

Answer:

C) The invisible hand

Explanation:

Daniel here seeking to produce and increase his welfare is "led by an invisible hand" to negotiate with his suppliers and to sell goods to his neighbors in a way that everybody is better off as a result from these transactions.

This is also a clear example to what Adam Smith was referring to the invisible hand:

"in such a manner as its produce may be of the greatest value, he intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention. Nor is it always the worse for the society that it was not part of it. By pursuing his own interest he frequently promotes that of the society more effectually than when he really intends to promote it. " Adam Smith, The Wealth of Nations, Book 4, Chapter 2

8 0
3 years ago
Disinflation is defined as a:__________
Nina [5.8K]

Answer:

Option d (reduction in the rate of inflation) is the appropriate option.

Explanation:

  • Disinflation seems to be a decline throughout the pace of price growth that happens traditionally throughout a recession because this availability of commodities exceeds the threshold value for themselves.
  • Although unlike deflation, whenever consumer prices inevitably decline, disinflation income levels don't collapse, perhaps the inflation rate appears zero.

Some other choices being made aren't connected to the circumstance offered. So the answer above is the right one.

8 0
3 years ago
This morning, you purchased a seventeen-year, 6.45% annual coupon bond with face value of $1,000 at a price of $1,030.04. Just a
iogann1982 [59]

Answer:

6.73%

Explanation:

the price of the bond in seven years is:

PV = $1,000 / (1 + 5.50%)¹⁰ = $585.43

PV of coupon payments = $64.50 x 7.538 (PVIFA, 5.5%, 10 years) = $486.20

market price = $1,071.63

using an excel spreadsheet of financial calculator, the annual rate of return:

year 0 = -1030.04

year 1 = 64.5

year 2 = 64.5

year 3 = 64.5

year 4 = 64.5

year 5 = 64.5

year 6 = 64.5

year 7 = 1136.13

IRR = 6.73%

8 0
2 years ago
Beth quit her job as a computer programmer for a large corporation to begin her own computer repair business in her garage. To d
Serhud [2]

Answer:   An entrepreneur , a labor

                             

Explanation:  An entrepreneur is an entity that introduces a new company that carries almost all of the risks and benefits. The entrepreneur is generally seen as a visionary, a creator of new ideas, products, services and/or techniques.

Labor is the level of physical, emotional, and social effort which is used in an economy to generate wealth. It provides the necessary resources, equipment, and infrastructure to convert raw resources into final services and products.

Hence we can conclude that Beth is entrepreneur and will is labor.

5 0
3 years ago
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