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2 years ago

The cross-price elasticity of demand measures how sensitive purchases of a specific product are to changes in

Business

2 answers:

Usimov [2.4K]2 years ago

4 0

Answer:

The cross price elasticity of demand measure how sensitive is the demand of the product X is due to the change in the price of the product Y.

The formula is stated as: Percentage change in the quantity demanded of product X / Percentage change in the price of product Y.

Further, cross price elasticity can be divided into Positive, negative and zero.

Hope this clears things up.

Good Luck.

MrRa [10]2 years ago

4 0

Answer:

the price of a similar substitute or complementary product.

Explanation:

In microeconomics, the cross price elasticity of demand measures how the change in the price of a certain product will affect the quantity demanded for a similar substitute or complementary product whose price doesn't change.

In order to measure the cross price elasticity of demand there must exist a previous relationship between the prices and quantities demanded of the products or services. E.g. a change in the price of movie tickets does not affect the quantity demanded of gasoline, since there is no relationship between them.

You can measure cross price elasticity of substitute products, e.g. coffee and tea, or complementary products, e.g. coffee and sugar. Actually the cross price elasticity is useful for determining how closely related complementary or substitute products are.

the formula for cross price elasticity = % change in quantity demanded of product Y / % change in price of product X.

A negative cross price elasticity means that the products are complementary, while a positive cross price elasticity means that the products are substitutes.

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Which of the following refers to a process of developing distribution objectives, evaluating internal and external environmenta

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Answer:

The correct answer is E. Distribution planning.

Explanation:

Distribution planning refers to the development of objectives from production to putting the product on the counter. This process includes the entire chain from when the raw material to produce is entered, and the logistics necessary to transport the product to the final supplier. This process must evaluate external and internal problems in order to make it as expeditious as possible and the times are met in order to avoid product shortages.

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2 years ago

Which method of characterzation focuses on how characters interact with another ?<br> #english 9

Viktor [21]

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2 years ago

Look at the scenario money creation. how much of the $1,000 deposit is the bank required to keep in reserves?

madam [21]

The quantity of the $1,000 deposit is the bank required to keep in reserves is 20%.

<h3>What is a reserve deposit?</h3>

A reservable deposit would be any bank deposit subject to bank reserves established by the Federal Reserve Bank of the United States.

Some key features of reserve deposit are-

Through the mechanism of fractional reserve banking, such a deposit could be used in part as a loan.
The remaining portion, as established by the Fed's bank reserves, must be kept by bank & made available for prompt withdrawal upon request.
A reservable bank is a banks deposit that is subject to the reserve requirement guidelines of the Federal Reserve.
Transaction (checking) savings account, savings accounts, as well as non-personal time deposits are all examples of reservable deposits.
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To know more about the reservable deposit, here

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9 months ago

See Hint If your income increases by 8%, and your quantity demanded of vanilla ice cream decreases by 18%, then vanilla ice crea

xz_007 [3.2K]

Answer:

The correct answer is B

Explanation:

Inferior goods are those goods or kind of goods whose demand declines or decrease when the income of the person or customer increases or rises. In other words, it means that the inferior goods demand is inversely associate to the customer or consumer income.

So, in this case, the income rises by 8% and the quantity demanded for the ice cream declines or falls by 18%, then the vanilla ice cream would considered as the inferior good.

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2 years ago

What will be the 90% ROI of $50,000 in 1 week ?

elixir [45]

Answer:

$45000

Explanation:

Amount of investment= $50000

ROI= 90%

ROI could be calculated for any specific period of time, it could be week, months, years, etc

Now, lets find out return of investment.

Return of investment= $\frac{90}{100} \times 50000 = \$45000$

∴ Return of investment in 1 week is $45000.

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2 years ago