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Dahasolnce [82]
3 years ago
12

The price elasticity of demand measures the: A. responsiveness of quantity demanded to a change in quantity supplied. B. respons

iveness of quantity demanded to a change in price. C. responsiveness of price to a change in quantity demanded. D. responsiveness of quantity demanded to a change in income.
Business
1 answer:
pickupchik [31]3 years ago
6 0

Answer:

Option "B" is the correct answer to the following statement.

Explanation:

The price elasticity of demand determines the flexibility of the volume needed to adjust the price.

The demand of an individual or market becomes inelastic if it will not adjust much to increasing prices, and it is elastic for an individual or market if the demand of a particular commodity will shift a lot as prices shift.

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3 years ago
Gary, a new salesperson for a reputed cellphone manufacturer, meets the owner of a transport company that employs 50,000 people
qaws [65]

Answer:

Option B. It is unrealistic

Explanation:

The reason is that the people have different likes which means we will never see 100 percent acceptance from the customers which might in the way of rejecting the offer of Gary. So the assumption that 50,000 cab drivers will purchase its product is truly optimistic which in other words is unrealistic assumption. So the option B is correct.

Option A is incorrect because the assumption is less qualitative as it doesn't relies on realistic assumption.

The cab drivers sales are relevant here but the sales assumption was unrealistic (Highly optimistic assumption) so the option C and D are incorrect.

Option E is also incorrect because the sales to cab drivers can be measure by initially directly selling 1000 cell phone to 1000 cab drivers which will give an actual idea of sales units expected, which means it is measurable.

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The Josey Company purchased equipment for $21,000 on October 1. It is estimated that annual depreciation on the computer will be
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3 years ago
In the late 1800s, a Frenchman observed that individuals who recovered from a disease were not susceptible to that same disease
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Answer:

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Reference: Gordon State College. “Microbiology and You.” Microbiology and You: An Introduction, 2019

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