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3 years ago

When the price increases by 30% and the quantity demanded drops by 10%, the price elasticity of demand is: quizet

Business

1 answer:

Nataly [62]3 years ago

8 0

Answer:

0.33 inelastic

Explanation:

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

Price elasticity of demand = percentage change in quantity demanded / percentage change in price

10% / 30% = 0.33

Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one .

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To complete a job application thoroughly, you should know the following information for each previous employer:

Nonamiya [84]

Answer:

company's telephone number o your

Explanation:

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3 years ago

(c)

ladessa [460]

Answer:

The changes suggested increase income by 16,000 therefore is a good idea to made the changes

Explanation:

Your Mistake is that fixed expenses should remain constant with a sales increase

Current New

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3 years ago

A company creates a rating form for its suppliers and rates their on-time delivery, product quality, service advice, and so fort

kobusy [5.1K]

Answer:

Vendor analysis

Explanation:

Organizational Buying Process

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Vendor analysis in organizations buying influence is simply known as the behavioral needs of the buyer.

ethical conflicts may sometimes arise in buyer-supplier relationships. This can help the buying organization to manage spending

Vendor Analysis

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The steps in Organizational buying process. They includes:

1. Recognize the product needed

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3. Purchase decision

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3 0

3 years ago

During its first year of operations, Eastern Data Links Corporation entered into the following transactions relating to sharehol

gizmo_the_mogwai [7]

Answer:

Eastern Data Links Corporation

Journal entries

Step 1.

Issuance for Common stock at a premium in exchange for cash

Feb 12,

Dr. Cash account with $18,000,000

Cr. $1 Ordinary share Capital Account with $2,000,000

Cr. Ordinary share premium Account with $16,000,000

(Being $18million received for 2million shares valued at $1 and sold at a premium of $9)

Step 2.

Issuance for Common stock at a premium in settlement of a liability due

Feb 13,

Dr. Accounts Payable account with $360,000

Cr. $1 Ordinary share Capital Account with $40,000

Cr. Ordinary share premium Account with $320,000

(Being $360,000 legal expense liquidation in exchange of 40,000 shares valued at $1 and sold at a premium of $9)

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3 years ago

Based on the pure expectations theory, is the following statement true or false?

Annette [7]

Answer:

The correct answer is letter "B": False.

Explanation:

The Pure Expectations Theory uses long-term interest rates to predict future interest rates in the short run. Investors consider different investments to predict future interest rates. In the example, the statement indicates the opposite. It is taking a short-term interest rate (one-year bond), to calculate the return of a long-term investment (five-year bond).

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3 years ago