Answer:
Total revenue will increase in all the situations.
Explanation:
A) PED = 1.2, the price of the good decreases, then the quantity demanded will increase in a larger proportion. For example, the price = $1 and the quantity demanded = 100 units, total revenue is $100. The price decreases 10% to $0.90, then the quantity demanded will increase 12% to 112 units, total revenue is $100.80
B) PED = 0.5, the price of the good increases, then the quantity demanded will decrease in a smaller proportion. For example, the price = $1 and the quantity demanded = 100 units, total revenue is $100. The price increases 10% to $1.10, then the quantity demanded will decrease 5% to 95 units, total revenue is $104.50
C) PED = 3, the price of the good decreases, then the quantity demanded will increase in a larger proportion. For example, the price = $1 and the quantity demanded = 100 units, total revenue is $100. The price decreases 10% to $0.90, then the quantity demanded will increase 30% to 130 units, total revenue is $117
Answer:
the correct answer is Building materials
Explanation:
Architects must consider the availability and cost of Building materials when they plan their projects.
good luck
Answer:
The correct answer is "consumer price index"
Explanation:
The average of the prices paid by customers for goods and services, belonging at the fixed market basket is called Consumer Price Index (CPI). The consumer price index is an excellent measure or indicator of inflation. It's calculated and measured by the Bureau of Labor Statistics.
Answer:
correct answer is Option D
Explanation:
Option D - elastic, and the demand curve will be horizontal.
The quantity would be changed infinitely with a samll change in the the price. It means that demand is perfectly elastic and the curve is horizontal as the small change up decreases the quantity to zero and small change down increases the quantity infinity. Thus, option D is the correct ams of this questionwer
Answer:
1. Communicate. Families have their own way of communicating, and, as many family therapists will tell you, it is not always the best way. Defy convention and make open, regular communication an essential part of your family business. When you sense communication problems, confront them immediately. Larger issues at play? Bring in an outside consultant.
2. Set boundaries. Leaders of flourishing family-owned businesses know that setting boundaries is critical to establishing and maintaining success. Institute and uphold a clear separation between family and business. In other words, keep family issues out of the boardroom, and keep work at the office.
3. Practice good governance.Setting boundaries also extends to the governance of family-run companies. Good governance requires the involvement of leaders outside the family. This oversight—employed by leading family businesses worldwide—typically takes the shape of a professional, advisory, or supervisory board comprised of non-family members with a limited number of family representatives.
Explanation: