3 years ago

The price elasticity of demand measures how much

Business

1 answer:

Sliva [168]3 years ago

8 0

Answer:

a. quantity demanded responds to a change in price.

Explanation:

The price elasticity of demand measures the sensitivity of the quantity demanded to changes in the price. Demand is inelastic if it does not respond much to price changes, and elastic if demand changes a lot when the price changes.

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2 years ago

Max has two options this weekend. He could work at his job and earn $7 per hour for three hours, or he could go to an exhibit at

densk [106]

Answer:

The opportunity cost of the event $21.

Explanation:

Opportunity cost is the loss of alternative when someone chooses an alternative.

Number of Hours = 3 hours

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Total opportunity cost = $21

As Max has to bear the loss of $21 earning when he goes to the event in the museum. So this is his opportunity cost.

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2 years ago

Han Corp's sales last year were $425,000, and its year-end receivables were $52,500. The firm sells on terms that call for custo

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d. 15.09

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<u>Average days late</u>

$Days \: Sales \: Outstanding - \: Allowed \: credit \: period = average \: days \: late$

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