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
natali 33 [55]
3 years ago
7

Calculate the price elasticity of supply for Bobbie's Bakery's sourdough loaf. When the price changes by 23 % 23% , the quantity

supplied changes by 53 % 53% . Round your answer to two decimal places.
Business
1 answer:
dlinn [17]3 years ago
5 0

Answer:

Price Elasticity of Supply = 2.40

Explanation:

Price Elasticity of Supply is buyers' responsive change in quantity supplied due to change in Price.

P Es Formula = % change in quantity supplied / % change in price.

Given : % change in supply = 53 ; % change in price = 23

So, P Es = 53 / 23 = 2.40  

% change in supply > % change in price & supply is > 1 . So, Supply is Elastic.  

You might be interested in
Which of the following statements is true a. ​in market equilibrium there are unconsummated value-creating transactions b. ​in m
Svetlanka [38]

Answer: C. ​in market equilibrium there are no unconsummated wealth-creating transactions

Explanation:Market equilibrium is a term in Macroeconomics used to describe the price at which the Quantity of goods demanded is equal to the Quantity of goods supplied.

Wealth-creating transactions are money making transactions, these transactions are those that takes place and are paid for.

IN A MARKET EQUILIBRIUM THE QUANTITY OF GOODS DEMANDED IS EQUAL TO THE QUANTITY OF GOODS SUPPLIED MAKING THE ECONOMY TO HAVE NO UNCONSUMMATED WEALTH-CREATING TRANSACTIONS.

5 0
3 years ago
Read 2 more answers
The motive of an intimate homicide is almost always anger/revenge or profit. True or False?
tester [92]

Answer: True

Explanation: An intimate homicide is a fatally violent attacked caused by someone who is in a deeply personal relationship with the victim. It is important to note that this can be a current relationship or a past one. The main motives of this type of murder are usually because of anger for whatever they feel the victim has done or made them feel, as revenge on the victim because they believe the victim has wronged them, or for some form of profitable gains such as claiming the victim's life insurance.

7 0
3 years ago
$100 compounded annually for two years at 3% interest would provide the investor with how much of a return?
Rom4ik [11]
I think the answer is B
5 0
2 years ago
Branford has one share of stock and one bond. The total value of the two securities is $1,200. The bond has a YTM of 10.2%, a co
riadik2000 [5.3K]

Answer:

The price of the stock is expected to be $188.16 in 1 year.

Explanation:

This can be determined as follows:

Current price of the stock = Expected next dividend / Expected return = $24.87 / 15.2% = $163.62

Expected stock price in 1 year = Current price of the stock * (100% + Expected return)^Number of year = $163.62 * (100% + 15.2%)^1 = $188.16

Therefore, the price of the stock is expected to be $188.16 in 1 year.

8 0
3 years ago
Steve Jobs of Apple was known as a perfectionist. "My job is not to be easy on people," he said. "My jobs is to take these great
Natasha2012 [34]

Answer: detail oriented

Explanation:

From the analysis made in the question, we can deduce that Apple probably looks to hire people who are innovative and detail-oriented.

A detail oriented person pays attention to every little details and tries as much as possible to avoid mistakes and is very close to being described as a perfectionist.

5 0
3 years ago
Other questions:
  • Determine the cost of goods sold expense assuming kramer had used the lifo method instead of the fifo method.
    13·1 answer
  • If i'm a freshman in 2017 when will i graduate
    15·1 answer
  • X Co. issued 7% bonds with a face value of $200,000. At time of issue, the market interest rate for similar bonds was 8%. The bo
    7·1 answer
  • Neelon Corporation has two divisions: Southern Division and Northern Division. The following data are for the most recent operat
    10·1 answer
  • The balance sheet given below is presented for the partnership of Janet, Anton, and Millet: Cash $60,000 Liabilities $80,000 Oth
    11·1 answer
  • During the taking of its physical inventory on December 31, Barry's Bike Shop incorrectly counted its inventory as $222,138.00 i
    14·1 answer
  • Who is down for a Amazon card trade for steam gift card
    8·2 answers
  • What are the marketing mix strategies of sanlam explain each strategy by using sanlam company​
    15·1 answer
  • According to ethical guidelines, at the end of a study participants must be fully informed as to the purpose of the study and gi
    14·1 answer
  • The Project Management Body of Knowledge Guide definition of a project indicates that a project is:
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!