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Lady_Fox [76]
3 years ago
15

If the elasticity of demand for Good A is −3, a 33 percent decrease in quantity demanded of Good A results from a(n) ________ in

the price of Good A. a. 99 percent decrease b. 99 percent increase c. 11 percent decrease d. 11 percent increase e. 33 percent decrease
Business
1 answer:
velikii [3]3 years ago
7 0

Answer:

Option (d) is correct.

Explanation:

Given that,

Elasticity of demand for Good A = −3

Percentage decrease in quantity demanded for Good A = 33%

Elasticity of demand for Good A = Percentage change in quantity demanded for Good A ÷ Percentage change in price of Good A

-3 = - 33 ÷ Percentage change in price of Good A

Percentage change in price of Good A = (-33) ÷ (-3)

                                                                 = 11%

Therefore, percentage increase in price of good A is 11%.

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Which of these are goals of an expansionary policy? Check all that apply. a. increased available credit b. decreased available c
nignag [31]

Answer:

a. increased available credit

c. increased money supply

f. decreased interest rates

Explanation:

Expansionary policy is a policy pursued by either the government or the monetary authority to stimulate aggregate demand in the economy. This can be achieved through the use of either the fiscal policy tool by the government or the monetary policy tool by the Federal Reserve.

The policy target of expansionary policy are any of the economic goals of the government, such as economic growth, control of inflation, favorable balance of payment, e.t.c.

5 0
3 years ago
A performance audit engagement typically involves: a. Review of financial statement information, including the appropriateness o
zysi [14]

Answer:

The correct answer is c. Appraisal of the environment and comparison against established criteria.

Explanation:

Performance audit is defined as a systematic, multidisciplinary, independent and objective review of the operation, programs and projects carried out by an organization and focuses mainly on evaluation to determine if its management has performed in terms of economy, efficiency and effectiveness.

The performance audit emphasizes how the different areas of a company have impacted the target market with their actions, considering the relevant results and real progress in achieving the objectives and goals.

Among its main technical tools we can distinguish the matrix of results indicators, which allows to efficiently link the objectives of the company and the results expected to be obtained in each of them, as well as the measurement indexes necessary for its monitoring and evaluation.

8 0
3 years ago
Marketers have no flexibility in setting prices under conditions of
Mariana [72]
<span>c. no competition.is the answer</span>
8 0
4 years ago
The ________ adopted an elaborate form of interest arbitration, known as the Experimental Negotiating Agreement, in the 1970s as
Sergio039 [100]

The United steelworkers of America adopted an elaborate form of interest arbitration, known as the Experimental Negotiating Agreement, in the 1970s as a means of avoiding the long and costly strikes that had made the industry vulnerable to foreign competition.

When two or more parties must decide together yet have differing preferences, they try to negotiate a compromise. In order to strike a compromise when you and the other side have both similar and divergent interests, you and the other side must communicate back and forth.

The United Steelworkers is a general trade organization with members all over North America. It represents workers in the steel, paper, rubber, manufacturing, energy, and allied industrial and service sectors.

Learn more about  United steelworkers of America here brainly.com/question/16996777

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4 0
2 years ago
Caroline is an artist. She purchases canvas, paints, brushes, and accessories for $75. She sells orn of her original paintings t
liberstina [14]

Answer:

Value added to the gallery will be $3000

So option (C) will be correct answer

Explanation:

We have given that Caroline sells her original painting for $1500 to an art gallery.

And after that her painting was sold to an art lover at cost of $4500

We have to find the value added to the gallery

Value added to the gallery will be equal to difference of price sold to the art lover and cost at which painting is sold to art gallery

So value added to gallery = $4500 - $1500 = $3000

So option (C) will be correct answer

4 0
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