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STatiana [176]
3 years ago
15

Assume that demand increases by 1 percent, the absolute value of price elasticity of demand is 1.0, and price elasticity of supp

ly is 1.0. What is the percentage price change in this case?
Business
1 answer:
qwelly [4]3 years ago
5 0

Answer:

0.5% increase

Explanation:

the price elasticity of demand (PED) = % change in quantity demanded / % change in price. It measures how the quantity demanded changes in response to a 1% increase in price.

The price elasticity of supply (PES) = % change in quantity supplied / % change in price. It measures how the quantity supplied changes in response to a 1% increase in price.

In this case the demand increases, which should result from a decrease in price, but in order to satisfy the demand, the supply must increase and to do so, it will increase only by 1 / (1 + 1) = 1/2 of the original change in quantity demanded = 0.5%

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torisob [31]

Answer:

C. Jobs argument

Explanation:

The job preservation argument is brought up by unions to look out for union jobs.

7 0
3 years ago
a segment should probably be dropped when the segment blank . multiple select question. has a positive segment margin but cannot
andrew11 [14]

A segment should probably be dropped when the segment has important side effects on other segments cannot cover its own costs. The correct option is B.

<h3>What is a segment margin?</h3>

The profit or loss generated by one component of a business is referred to as segment margin.

Segment margin only considers the segment's revenue and expenses.

By analyzing a company's strengths and weaknesses, segment margin can provide an accurate picture of where it is performing well and where it is not.

If a segment cannot cover its own costs, it should be dropped unless it has significant side effects on other segments.

Thus, the correct option is B.

For more details regarding segment margin, visit:

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5 0
2 years ago
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BabaBlast [244]

Answer:

B. We strive to be the worldwide leader in sharing delicious tastes and creating joyful memories

Explanation:

There are two concepts i.e mission and vision. The mission statement is the statement in which it talks about the company goals and objective that represent the present condition of which market should be targeted, its geographical location, etc

While on the other hand the vision statement refers to position of the company in the future. It is always for the long term as it is always thinking for the future where the company what to be.

Based on the above explanation, the option B is correct as it depicts the mission statement.

4 0
3 years ago
An organization that creates many products with similar characteristics, using assembly lines would most likely be categorized a
Kisachek [45]

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Continuous production uses a production plant to manufacture a product continuously. It is also called continuous flow.

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The products tend to be similar or standardised with no distinguishing features. For example cement, fertiliser, and sugar

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2 years ago
The local bank just invested a lot of money into hiring a professional decorator to redo the lobby area to make it more inviting
Digiron [165]
I feel like the answer is D
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3 years ago
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