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
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

You might be interested in
What is meant by centralised direction
Alla [95]

Centralized direction explain why we often overestimate how well we can predict future actions of others.


I hope that's help:0

5 0
3 years ago
The weak form of the efficient-market hypothesis asserts that stock prices do not rapidly adjust to new information contained in
Bess [88]
I really don’t know but mark me brainliest because I lost most of my points
6 0
3 years ago
Category killers compete primarily on the basis of a. low prices and enormous product availability. b. enormous product selectio
kumpel [21]

Answer:

A. Low prices and enormous product availability.

Explanation:

This is a chain of retail stores or a retail outlet that sells different kinds of goods or products that in a way that seems cheap and affordable to consumers. They also look and facilitate quick form of buying and selling. Their main goal stands primarily on cheap, fast enormous sales of the product.

They possibly can create a compelling shopping experience. In a bid to do that, they need to compress instant gratification, unique assortments and a reasonable showroom experience that aids social lifestyles.

7 0
3 years ago
Division A of Barsema, Inc. has operating data as follows: Capacity 20,000 units Selling price $80 per unit Variable costs $45 p
Neporo4naja [7]

Answer:

the minimum price it should charge is $40 per unit.

Explanation:

Minimum Transfer Price = Variable Costs - Internal Savings + Opportunity Cost

<em>Note :  Division A has capacity available to meet B's requirements therefore there is no opportunity cost</em>.

There are Internal savings of $5 as A's variable costs will be $5 less per unit.

Minimum Transfer Price = $45 - $5

                                        = $40

4 0
3 years ago
A borrower expresses a reluctance to continue signing documents. The Notary Signing Agent may:
snow_tiger [21]

Answer:

Recommend the borrower contact the lender representative before signing anymore documents

Explanation:

Notary agents are usually independent professionals within the sector or third parties , who are contracted to create sure all loan documents are signed and notarized properly and delivered . A Notary agent isn't authorized to answer questions on the most points contained within the loan, however a notary agent can give opinions to a signer whether the terms of a loan are a good or not. But if the opinions are on interest rates or other questions concerning the loan, rather it would be best to refer the signer or borrower to contact the lender’s representative

3 0
3 years ago
Other questions:
  • Perhaps the most significant federal statute specifically addressing cyber crime is the:________.
    5·1 answer
  • Income Statement For the Year Ended on December 31 J&amp;H Corp. Industry Average Net sales $39,000,000 $48,750,000 Operating co
    5·1 answer
  • In general, securities with ____ credit risk and _______ liquidity will offer higher yields. a. lower; lower b. higher; lower c.
    5·1 answer
  • Investment companies or mutual funds that continue to sell and repurchase shares after their initial public offerings are referr
    12·1 answer
  • Jorgensen High Tech Inc. is a calendar-year, accrual-method taxpayer. At the end of year 1, Jorgensen accrued and deducted the f
    5·1 answer
  • During a natural disaster, such as a hurricane, the demand for hotel/motel rooms in an area can suddenly surge, driving up the p
    10·2 answers
  • "Cookie jar reserves" can best be described as:_______.A) Buying a lot of chocolate chip cookies, storing them for when you have
    15·1 answer
  • The management process is complex. The management functions include
    13·1 answer
  • Why must we worship God?​
    12·1 answer
  • G Obligations to be paid within one year or the company's operating cycle, whichever is longer, are:
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!