2. main idea
3. key points
If the price elasticity of demand for a product is -2.5, then a price cut from $2.00 to $1.80 will <u>increase </u>the quantity demanded by about <u>2.5%</u>.
Price elasticity of call for is a measurement of the trade in the intake of a product on the subject of exchange in its price. Expressed mathematically, it's miles: charge Elasticity of demand = percent trade-in quantity Demanded / percentage trade-in rate.
we are saying a great is price elastic whilst growth in prices causes a bigger % fall in demand. e.g. if fee rises 20% and demand falls 50%, the PED = -2.five. Examples consist of Heinz soup.
Learn more about Price elasticity here: brainly.com/question/24384825
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Answer:
<em>Good sportsmanship</em>
Explanation:
Good sportsmanship in life, as in business, means<em> respecting those who have won or have had considerable success. Make an effort to learn from them and their accomplishment, never to despise them and to undermine their achievement.</em>
This also means to believe the best, not the worst.
One must not just presume that someone has manipulated or lied, believe that they have done great things and find out how you can do that too. Good sportsmanship could not only make a difference in an institution's well-being, but it can also help the individual's well-being.
It depends on the particular situation if she sells it for $300 she gains for that one sale. But if that person can reproduce the formula and sell it herself then she should not do it. if she can't reproduce it and sell it herself then yes tell it to the room mate for $300. and why are you spending so much on Advertising I would definitely cut back on my advertising costs and find different Avenues there's no way you should be paying the same price on a product that cost you $200 to make and you spent $200 to advertise know your product is $400 with no profit for you yet. it would be much better to sell a product and gain more profit in spending so much money on Advertising. There are so many ways to advertise over social media Google tweeter Yelp that will help you a great deal and they do not cost a lot at all Google my business is only $300 a year or 350 A year and Facebook business class nothing unless you want to put more advertising in it which is very inexpensive Yelp is very good a small campaign is 350 a month and they will give you all the graphs to Target your advertising
