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
zaharov [31]
2 years ago
13

Suppose that Juan Carlos is filling out a survey that he received in the mail. The survey would do if the price of his favorite

toothpaste increased. Juan Carlos reports that nee thpaste increased. Juan Carlos reports that he would switch to a different brand. The survey asks what he would do if the price of all toothpastes increased o if the price of all toothpastes increased. Juan Carlos reports that he must use toothpaste, so he would have to adiust his spending elsewhere. These examps illustrate the importance of:_________
a. the definition of a market in determining the price elasticity of demand.
b. a necessity versus a luxury in determining the price elasticity of demand.
c. changes in total revenue in determining the price elasticity of demand.
d. the time horizon in determining the price elasticity of demand.
Business
1 answer:
GaryK [48]2 years ago
4 0

Answer:

A. The definition of a market in determining the price elasticity of demand.

Explanation:

Price elasticity of demand is the height of responsiveness of demand or purchase to changes in price. It shows how consumers or buyers would react to the demand for a product when the price of their favourite brand increases.

Reaction of consumers in the market place is one of the determinants of price elasticity of demand. It tells how buyers will switch to different brand of products if the price of their favourite brand increases. It also shows how consumers will adjust their spending abilities if the price of all the brands are increased at the same time.

Alternatively, consumers would demand for the brand that falls within the limit of their spending.

You might be interested in
Which of the following is an economic change that can affect careers?
ArbitrLikvidat [17]

c) a big recording company buys a small independent label

It is typical in capitalistic economies for larger companies to buy out their competition, absorbing smaller companies. This kind of economic change can result in large changes in management for the smaller companies because the company that now owns them may hire or fire people based on what they feel best meets the needs of the newly acquired company.

7 0
3 years ago
According to your text, sales promotions such as free samples and point-of-purchase displays are designed to build.
sukhopar [10]

According to your text, sales promotions such as free smples and point-of-purchase displays are designed to build. are called "Short-Term sales."

<h3>What is short term sales?</h3>

An property or stock that the seller doesn't own is sold in a short sale. The typical transaction involves an investor selling borrowed securities in expectation of a decrease in price; the seller is then obligated to deliver the same number of shares at a later date. A seller, on the other hand, holds a long position in the stock or asset.

Some characteristics of short term sales are-

  • A stock that its an investor believes will lose value in the near future is sold short.
  • A trader borrows shares on margin for a set length of time to complete a short sale, selling the stock when the price is attained or the period of time has passed.
  • Because short sells restrict gains while amplifying losses, they are regarded as dangerous trading techniques. Additionally, they come with regulatory hazards.
  • To be successful, short sales need to be timed almost perfectly.

To know more about short-term investment, here

brainly.com/question/7905571

#SPJ4

5 0
1 year ago
A perfectly competitive firm will produce the quantity of output at which _______ = _______ to determine the profit maximizing o
pishuonlain [190]

Answer:

Price; marginal cost; cost minimizing; output; Cost of production or cost of inputs involved in production

Explanation:

In perfect competition a firm is in equilibrium when its marginal cost of production is equal to the price of its product. The firm will be able to maximize profit or minimize cost at this point.

The demand curve is a horizontal line, which means demand is perfectly elastic. A change in the price will cause the demand to become zero.

The cost mentioned here is the cost incurred to employ inputs in the process of production, which is an explicit cost.

7 0
2 years ago
Taxes on the property buyer Tamara is purchasing are $8,200, due on December 31. If the closing is set for June 29th, using the
Ilia_Sergeevich [38]

Answer:

$4,044

Explanation:

Calculation for how much of the taxes will be credited to the buyer

First step is to divide the annual taxes by the numbers of days in a year

$8,200 / 365 days

= $22.466 per day

Second step

Based on the information given we were told that the Seller's ownership started from January 1- June 29 which gave us 180 days, this means that we would multiply $22.466 per day by 180 days in order to know how much of the taxes will be credited to the buyer

Hence,

Amount credit to the buyer=180 days

x 22.466

Amount credited to buyer= $4,044

Therefore the amount of the taxes that will be credited to the buyer will be $4,044

3 0
2 years ago
Which of the following is not correct? a. A tax places a wedge between the price that buyers pay and the price that sellers rece
Gnom [1K]

Answer:

D) Taxes levied on sellers and taxes levied on buyers are not equivalent.

Explanation:

Whether a tax is levied on the buyer or the seller of the good doesn't matter because they both place a wedge between the price that buyers pay and the price that sellers receive. And that difference will be the same regardless of who is responsible for paying the taxes. E.g. a sales tax is paid by the buyer, but the difference between the money paid and the money received would be the same if the tax was paid by the seller instread.

3 0
3 years ago
Other questions:
  • What are the main purposes of a budget?
    10·2 answers
  • 32) As the CEO of Blue Corp., Terrell makes it a point to meet new hires at all levels of his organization. He explains the goal
    9·1 answer
  • The most recent financial statements for Reply, Inc., are shown here: Income Statement Balance Sheet Sales $ 23,600 Assets $ 54,
    14·1 answer
  • _____ deals with the mature market and is based on the theory that people change their outlook on life when they experience majo
    12·1 answer
  • A higher Discount Rate tends to ___________ the price of loans because the overall supply of bank reserves tends to be smaller..
    12·1 answer
  • Formula for average inventory ​
    13·1 answer
  • What does a company's code of ethics cover?
    13·1 answer
  • The economy of a country has shown signs of overheating, such as high inflation rates. The government decides to implement fisca
    8·1 answer
  • Wang Company accumulates the following adjustment data at December 31. For each item, indicate the (1) type of adjustment (prepa
    14·1 answer
  • Donn Luxury Resort has just received a utility expense of $45,000. However, the utility expense for Donn was budgeted as $38,700
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!