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
just olya [345]
3 years ago
13

scenarios as examples of elastic, inelastic, or unit elastic demand. When Ruko, a device used to stream movies at home, increase

s prices by 48 %, total revenue decreases by 63 %. When Cinema Supreme decreases ticket prices by 12 %, total revenue does not change. When Bluebox, a DVD rental kiosk, increases its prices by 43 %, total revenue increases by 31 %.
Business
1 answer:
kenny6666 [7]3 years ago
3 0

Answer:

Elastic demand

Unit elastic demand

Inelastic demand

Explanation:

Elasticity of demand measures the degree of responsiveness of quantity demanded to changes in price.

Elasticity of demand = percentage change in quantity demanded/ percentage change in price.

Denand is elastic if when price is increased, the quantity demanded changes more than the increase in price. Quanitity demanded is more sensitive to changes in price.

If price is increased, the quantity demanded falls and as a result the total revenue earned by sellers falls.

The elasticity of demand is usually greater than 1 when demand is elastic.

Demand is unit elastic if a change in price has the same proportional change on quantity demanded. The coefficient of elasticity is equal to one.

If price is increased, the quantity demanded changes by the same proportion so there's no change in total revenue of sellers.

Demand is inelastic if a change in price has little or no effect on quantity demanded.

Coefficient of elasticity is usually less than one.

If price is increased, there is little or no change in the quantity demanded and as a result the revenue earned by sellers increase.

I hope my answer helps you

You might be interested in
A firm seeking a growth strategy designed to increase sales of existing products to current​ customers, nonusers, and users of c
PIT_PIT [208]

Answer:

The correct answer is B Market penetration

Explanation:

Market penetration strategy is one of the four growth strategies and it involves focusing on selling your existing products or services into your existing markets to gain a higher market share.

3 0
3 years ago
Which of the following protects the brokers commission
mrs_skeptik [129]

Answer:

A safety protection clause in a listing agreement entitles the real estate broker or agent to a commission after the listing expires or is canceled. This applies when the final buyer was brought to the deal by the broker.

5 0
2 years ago
Which of the following is something that is marketed?
fenix001 [56]
All of the above are marketed
5 0
3 years ago
Paloma Company establishes a $200 petty cash fund on Jan 1. On January 8, the fund shows $107 in cash along with receipts for th
Tanya [424]

Answer:

(1) establish the fund on January 1,

  • Dr Petty cash fund 200
  •     Cr Cash 200

(2) reimburse it on January 8

  • Dr Postage expenses 39
  • Dr Transportation expenses 12
  • Dr Delivery expenses 14
  • Dr Miscellaneous expenses 28
  •     Cr Cash 93

(3) both reimburse the fund and increase it to $350 on January 8, assuming no entry in part 2.

  • Dr Petty cash fund 150
  • Dr Postage expenses 39
  • Dr Transportation expenses 12
  • Dr Delivery expenses 14
  • Dr Miscellaneous expenses 28
  •     Cr Cash 243

The only difference between part 2 and 3 is that the Petty cash fund is increased by $150, and cash decreases by $243 instead of $93.

6 0
3 years ago
The payments a business makes for investing in capital expenses are known as Question 3 options: A) profits B) interest C) wages
rewona [7]
The answer for this question is A.
4 0
3 years ago
Other questions:
  • How much would it cost for Chester Corporation to repurchase all its outstanding shares if new brokerage fees totaled 1% of the
    11·1 answer
  • What factors might have caused the auditor to inappropriately accept the assertions by management that the vendor allowances sho
    7·1 answer
  • 1. ________ dictate the terms and conditions state governments would have to meet in order to qualify for financial assistance i
    13·1 answer
  • George manages inventory for a company. The company has been struggling to reduce production costs in all departments for severa
    6·1 answer
  • The current ratio includes at the of the following except :
    11·2 answers
  • Balance sheet accounts Group of answer choices 1. are called real accounts 2. have zero balances after the closing entries have
    12·1 answer
  • If a company would still have a cash flow item even if they rejected potential new Project A, should this particular cash flow i
    12·1 answer
  • GroundSwell Pools, Inc., agrees to build a swimming pool for Francis, but fails to complete the job. Francis hires EquiAqua, Inc
    11·1 answer
  • At the end of each of the next 5 years, you will deposit the following amount into your savings account: Year Cash Flow 1 $200 2
    15·1 answer
  • Explain what the characteristics are for a partnership
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!