1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
In its 2016 annual report, Lockheed Martin reported net earnings of $5,302 million and dividends paid of $2,048 million. Your fo
kakasveta [241]

Answer:

The dividend for 2017 will be = $2124.98

Explanation:

The net earnings for the year 2016 = $5302

Dividend paid for the year 2016 = $2048

The forecast for the income of 2017 = $5504

The projected dividend for the year 2017 = 5504 x (2047 / 5302)

The projected dividend for the year 2017 = 2124.98

The dividend for 2017 will be = $2124.98

6 0
3 years ago
brian buys a case of 12 bottled waters for 4.99 and a 12 pack of oreos for 5.99 for his volleyball team. there are a total of 12
RUDIKE [14]

Each player owe Brian 92 cents.

4.99+5.99 = 10.98

10.98/12 = .915 or approximately 92 cents

to check : .915 x 11 =  10.065 + .915 (brian's share) =  10.98

5 0
3 years ago
. Assume a home buyer puts 20% down on a $250,000 house and uses a mortgage to borrow the rest. What will the amount of the mort
Elina [12.6K]
20% down will be $50,000 so the balance will be $200,000 to take out a mortgage for. The higher the down payment the lower the mortgage required and lower payments would ensue also. Also, once one has a mortgage it ie wise to pay it by the week to reduce the interest. Over time this practice makes a difference.
7 0
3 years ago
Read 2 more answers
The Hutters filed a joint return for 2019. They provide more than 50% of the support of Carla, Ellie, and Aaron. Carla (age 18)
sergey [27]

Answer:

Hutters can be claim two dependents

Explanation:

we know here that Hutters can be claim two dependents

because here given Carla and Ellie as Aaron meets neither the residency nor citizenship requirement

but Carla is a qualifying relative and is under the age of 24

but Ellie is above 24 but is a qualifying relative as scholarship is non-taxable

so

we can say that answer is two

8 0
3 years ago
Sarah's house caught on fire. Through the prompt assistance of her neighbor Odessa, the fire was quickly extinguished. In gratit
Zepler [3.9K]

Answer:

To enforce this promise we need to analyse whether there has been any agreement or contract between Sarah and Odessa and whether the same can be enforced.

Explanation:

In Sarah's case, her offer to gratuitously pay the neighbor for assisting in the house fire is not an enforceable contract. When the neighbor rushed to help in the fire, the offer to pay $1,000 had not yet been extended. When Sarah did extend the offer to pay $1,000, there was no consideration exchanged between both parties. The consideration, putting out the fire, had already occurred without the offer or acceptance of a contract.

Consider an alternate scenario. Sarah's house was on fire, and she could not wait for the fire department. She ran to her neighbor's house, begged for help, and offered $1,000 in exchange for neighbor's assistance. After hearing Sarah's plea, the neighbor agrees to assist in extinguishing the fire. This constitutes a contract; an offer, consideration, and acceptance.

3 0
3 years ago
Other questions:
  • Which kind of con involves the payoff of early investors with money obtained from later investors, in a doomed enterprise?
    6·1 answer
  • Combs Co. is planning to sell 400 hair dryers and produce 380 hair dryers during March. Combs uses 500 grams of plastic and one-
    6·1 answer
  • The Anderson family wants to look at their cash flow over a year. They decide to write out their cash flow for 4 months as given
    5·2 answers
  • A chemical manufacturer is setting up capacity in Europe and North America for the next three years. Annual demand in each marke
    10·1 answer
  • A decentralized organizational structure is predicated on a belief that A. decision-making authority should be put in the hands
    12·1 answer
  • After landing an interview with your dream company, you learn that the interview will consist of questions asking you to demonst
    9·1 answer
  • Capital inflow equals:
    14·1 answer
  • Which of the following is the definition of baseline?
    8·1 answer
  • On December 31, 2021, Wildhorse, Inc. leased machinery with a fair value of $1,425,000 from Cey Rentals Co. The agreement is a 6
    14·1 answer
  • Click this link to view O*NET’s Tasks section for Human Resources Managers. Note that common tasks are listed toward the top, an
    11·3 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!