1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ohaa [14]
3 years ago
10

Suppose the price elasticity of demand for cereal is negative −1.03. If​ so, then the demand for cereal is (unit-elastic, elasti

c, inelastic. In another​ example, assume the price elasticity of demand for a particular magazine is negative −0.72. The demand for the magazine is unit-elastic, elastic, inelastic
Business
1 answer:
kari74 [83]3 years ago
5 0

Answer:

The demand for cereal is elastic.

The demand for the magazine is inelastic.

Explanation:

The price elasticity of demand is the degree of responsiveness of quantity demanded to change in price. A negative price elasticity implies that the product is a normal good.

The price elasticity of demand for cereal is −1.03. This means that the demand is price elastic. An elastic demand implies that a change in price will cause more than proportionate change in quantity demanded.

The price elasticity of demand for a particular magazine is −0.72. This means that the demand is price inelastic. An inelastic demand implies that a change in price will cause less than proportionate change in the quantity demanded.

You might be interested in
An investment firm provides its customers mobile applications that significantly simplify traditional investing activities. For
Lunna [17]

The Differentiation strategy is used by the investment firm in standing out in the industry.

<h3>What is Michael Porter strategy? </h3>

A strategy is defined by Porter as a competitive position that is deliberately chosen as a different set of activities to deliver a unique mix of value.

The Generic Strategies model of Michael Porter includes:

  • Cost Leadership
  • Differentiation
  • Focus.

These strategy are important because they provide an options for organizations to gain competitive advantage.

In conclusion, the Differentiation strategy is used by the investment firm in standing out in the industry.

Read more about Porter strategy

<em>brainly.com/question/24843525</em>

5 0
2 years ago
The 2017 balance sheet of Kerber’s Tennis Shop, Inc., showed long-term debt of $1.87 million, and the 2018 balance sheet showed
jeka57 [31]

Answer:

$1,290,000

Explanation:

Given that,

Cash flow to creditors = -$85,000

Cash flow to stockholders = $170,000

Firm’s net capital spending for 2018 = $1,250,000

Firm reduced its net working capital investment by $45,000

Cash Flow from Assets:

= Cash Flow to Creditor + Cash Flow to Stockholders

= -$85,000 + $170,000

= $85,000

Cash Flow from Assets = OCF - Net Capital Spending - Change in Net Working Capital

$85,000 = OCF -  $1,250,000 - (-$45,000)

OCF = $85,000 + $1,250,000 - $45,000

        = $1,290,000

3 0
3 years ago
Someone please help!!!
Vitek1552 [10]

Answer:

Dollar Tree = $5,643

Target = $11,297

Explanation:

For dollar tree, using the given equation:

13,501 = 7,858 + stockholder's equity

Stockholder's equity = 13,501 - 7,858

= $5,643

For target, using the given equation:

41,290 = 29,993 + stockholder's equity

Stockholder's equity = 41,290 - 29,993

= $11,297

5 0
3 years ago
Identify each action listed here as a federal, state, or shared power.
Korvikt [17]

Answer:

Appropriate funds for social programs  <u>SHARED POWER</u> ⇒ THERE ARE BOTH FEDERAL AND STATE SOCIAL PROGRAMS, AND EACH ONE GATHERS FUNDS FOR THEM

Construct a new highway  <u>SHARED POWER</u> ⇒ BOTH STATES AND THE FEDERAL GOVERNMENT CAN BUILD HIGHWAYS

Redesign and print the hundred-dollar bill  <u>FEDERAL POWER</u> ⇒ ONLY THE FEDERAL GOVERNMENT CAN PRINT MONEY

Determine the requirements to receive a driver's license  <u>STATE POWER</u> ⇒ STATE GOVERNMENTS DETERMINE THE REQUIREMENTS FOR ISSUING DRIVING LICENCES, E.G. AGE

Raise taxes  <u>SHARED POWERS</u> ⇒THERE ARE FEDERAL, STATE AND MUNICIPAL TAXES, AND EVERY GOVERNMENT LEVEL DETERMINES THEIR OWN TAX RATES.

Negotiate a trade agreement with the European Union <u>FEDERAL POWERS</u> ⇒ THE COMMERCE CLAUSE ESTABLISHES THAT ONLY CONGRESS CAN REGULATE INTERSTATE COMMERCE. THE EXECUTIVE BRANCH MAY NEGOTIATE A DEAL BUT CONGRESS MUST APPROVE IT.

Explanation:

5 0
3 years ago
A​ country's overall level of interest rates should have an impact on the financial account of the BOP. Relatively low real inte
Genrish500 [490]

Answer:

<em>a. True</em>

Explanation:

Yes! the given statement is <em>very true</em>, because as we know that​ all the level of a nation's rate of interest has an influence on the BOP ( generally known as Balance Of Payments ) financial account, and also relatively low real interest rates are generally encouraged.

An outflow of funds are been pursued at a higher interest rates in an another nation's currency as well.

7 0
3 years ago
Other questions:
  • Cody believes that Delta Corporation has discriminated against him on the basis of gender. Cody files a suit against Delta under
    9·1 answer
  • The advent of ________ has put buyers and sellers on much more equal footing.
    12·1 answer
  • A feasibility study is aimed primarily at __________.
    8·1 answer
  • A company has net working capital of $2,077. If all its current assets were liquidated, the company would receive $6,001. What a
    6·1 answer
  • A business maintains subsidiary accounts for each of its customers. On May​ 15, the business provides services on​ account: $ 1
    9·1 answer
  • Which of the following statements accurately explains why profits for firms in a perfectly competitive industry tend to vanish i
    11·1 answer
  • The fact that a proposed project is analyzed based on the project's incremental cash flows is the assumption behind which one of
    6·1 answer
  • . Which one of the following applies to a general partnership?A. The firm's operations must be controlled by a single partner.B.
    12·1 answer
  • A trading firm ABC, Inc. has been in continuous existence for the past 20 years. In the year 2004 it purchased 2000 baseball bat
    10·1 answer
  • When a manufacturing company has a highly automated manufacturing plant producing many different products, what is probably the
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!