Answer: Pure monopolists do not always realize economic profits.
Explanation:
Even though Pure Monopolies are the only sellers or makers of a good in a market and can therefore set their own prices, this does not mean that they will always make a profit talk more an economic one.
In the short run for instance, a Pure monopoly could see its average cost higher than its average revenue because some factors of production could not be varied. In this scenario, the monopolist would realize economic losses.
The sales of Paco Rabanne's Eau de Toilette Spray would fall by 11.25%.
<h3>What is the price elasticity of demand?</h3>
The price elasticity of demand measures the impact of price changes on the quantity demanded of good. When t the price elasticity of demand is less than 1, demand is inelastic.
Percentage change in the quantity demanded = price elasticity x percentage change in price
12.5% x 0.9 = 11.25%
To learn more about supply elasticity, please check: brainly.com/question/26634801
Answer:
specialty shopping
Explanation:
Based on the scenario being described within the question it can be said that this type of shopping is referred to as specialty shopping. This refers to when an individual goes through extra special purchasing efforts in order to find and purchase a particularly unique product with the correct characteristics that the buyer wants. Which is exactly what Diana has done in order to find the dog that she wanted.
The belief that everyone should have exactly the same amount of income is B. <span>egalitarian principle.
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The official definition of poverty is C. <span>a relative measure.
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A straight-line Lorenz curve shows A. <span>an equal distribution of money income.
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Which of the following is NOT a correct criticism of the Lorenz curve? D. <span>It does not deal with differences in family size.
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The typical age-earnings cycle shows that C. <span>there is a positive relationship between age and earnings that eventually turns into a negative relationship.</span>
