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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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Selected financial data for Spark Enterprises follows for a production level of 120,000 units: (4 points) Total fixed costs $300
Marta_Voda [28]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Total fixed costs= 300,000

Total costs= $450,000

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A) Unitary variable cost= 150,000/120,000= $1.25

B) Units= 75,000

<u>The fixed costs remain constant no matter how many units are made (between relevant ranges).</u>

Total fixed costs= $300,000

C) UNits= 160,000

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D) Units= 180,000

Total fixed costs= 300,000

Total variable costs= 1.25*180,0000= 225,000

Total costs= $525,000

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ss7ja [257]

In 2022, Denise has two children who are qualifying persons for the child and dependent care credit, Ethan and Jeffrey. Ethan has $9,000 in dependent care expenses, and Jeffrey has none. assuming all other tests are met, up to $8,000 of expenses is credited based on.

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6 0
2 years ago
For each of the following independent cases, use FIFO costing to determine the information requested. Required: a. In the beginn
Ludmilka [50]

Answer:

$35,000

Explanation:

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So, this gives us an idea of how to calculate this :

Units started and completed = Units Completed and Transferred - Units in Beginning Work in Process

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3 0
3 years ago
Shelley was initially moderately in favor of a proposal to build a city bike path. At a meeting, she learns that not only will t
Gnesinka [82]

Answer:

The appropriate response is "Persuasive arguments".

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If there is no written designated agency relationship, a client of Meramac Realty has what kind of relationship with Meramac
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5 0
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