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Ulleksa [173]
3 years ago
12

Which of the following could be the price elasticity of demand for a good for which an increase in price would increase total re

venue?a. 0.3b. 1c. 1.8d. None of the above could be correct
Business
1 answer:
Artemon [7]3 years ago
6 0

Answer:

a. 0.3

Explanation:

Elasticity of demand measures the responsiveness of quantity demanded to changes in price.

Demand is inelastic if a change in price has little or no effect on quantity demanded.

If price is increased, the quantity demanded doesn't change and total revenue increases.

The coefficient of elasticity for inelastic demand is usually less than one.

Demand is elastic if a small change in price leads to a greater change in quantity demanded. The coefficient of elasticity for elastic demand is usually greater than 1. If price is increased, the quantity demanded falls and total revenue falls.

Demand in unitary elastic if a change in price has the same proportional effect on quantity demanded. The coefficient of elasticity for unitary demand is 1.

I hope my answer helps you

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A product’s point price elasticity has been estimated at –1.5. At the initial price of $20, the quantity demanded was 10 units.
Leona [35]

Answer:

Quantity demanded and sold expected to increased by 3.75 units.

Explanation:

Use Price elasticity of demand formula to calculate the quantity demanded and sold:

Price Elasticity of Demand = Change in the Quantity demanded / Chang in Price

- 1.5 = Change in the Quantity demanded / 17.50 - 20.00

- 1.5 = Change in the Quantity demanded / -2.50

-2.50 x -1.50 = Change in the Quantity demanded

Change in the Quantity demanded = 3.75

Quantity Demanded = 10 + 3.75 = 13.75

7 0
3 years ago
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Leto [7]
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3 0
2 years ago
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Franklin Corporation is comparing two different capital structures, an all-equity plan (Plan I) and a levered plan (Plan II). Un
expeople1 [14]

Answer and Explanation:

The computation is shown below:

a. The price per share under MM proposition is

= Debt ÷ Difference in Number of shares

= $1,330,000 ÷ (155,000 - 105,000)

= $26.60

b. The value of the firm under each plans is

For All equity plan

= Share price × Number of shares

= $26.6 × 155,000 shares

= $4,123,000

For Levered plan

= All equity plan value + Debt × Tax rate

= $4,123,000 + $1,330,000 × 0%

= $4,123,000

8 0
3 years ago
The single most common form of competition in the U.S. is perfect competition among firms with differentiated products. monopoli
likoan [24]

The single most common form of competition in the U.S. is A. perfect competition among firms with differentiated products.

<h3>What is Market Competition?</h3>

This refers to the different pricing systems that exist in a market system that allows people to outmaneuver their competition.

Hence, we can see that the United States has capitalism where profit is the main goal and the single most common form of competition in the U.S. is perfect competition among firms with differentiated products.

Read more about perfect competition here:

brainly.com/question/4190313

#SPJ1

7 0
2 years ago
A corporation is considering expanding operations to meet growing demand. With the capital​ expansion, the current accounts are
densk [106]

Answer:

$60,000

Explanation:

The computation of change in net working capital is shown below:-

Change in net working capital = Increase in cash + Increase in accounts receivables + Increase in inventories - Increase in payable - Increase in accruals

= $20,000 + $40,000 + $60,000 - $50,000 - $10,000

= $120,000 - $60,000

= $60,000

Therefore for computing the change in net working capital we simply applied the above formula.

3 0
3 years ago
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