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
uranmaximum [27]
3 years ago
13

In the computer market Lenovo estimate that price elasticity of it's super lite computer -12.64 and the cross price elasticity o

f demand is 7.35 .The company now reduce price of this model by 9% of its present price level , explain
Social Studies
1 answer:
Andrews [41]3 years ago
3 0

Answer:

Lenovo reduced the price of the model by 9% because it is what the calculations of price elasticity and cross price elasticity is telling the company to do.

A negative -12.64 price elasticity of demand means that the quantity demanded for the product falls more than the price rises. For this reason, the company found it necessary to reduce the price, in order to prevent a fall in demand.

A positive cross price elasticity of 9% means that the quantity demanded for this product will increase more than the reduction in price when compared to another product (likely a substitute, for example: a computer produced by another company). For this reason, Levono decided to lower the price, because the loss in revenue from the price reduction will be offset by the higher demand.

You might be interested in
Ezra isn't afraid to point out when the group is spending too much time socializing. His fellow group members depend on him to k
Vsevolod [243]

Answer:

The answer is "Task role".

Explanation:

The task is that which helps or prevents an organization from achieving its goals. Social-emotional responsibilities focus on the creation and maintenance of relations among individuals in a specific community. Ezra performs its part of the mission this fact is that now the person playing the role of a task must ensure that perhaps the team goes in the correct direction to fulfill the goals or agenda.

5 0
3 years ago
Why is the work of the Office of Management and Budget so important?
Burka [1]

Answer: Office of Management and budget assists the president in overseeing the federal budget planning and manages the operation of the departments in the Executive Branch. Some major Office of Management and budget functions are: Management and synchronisation of the recruitment, financial management, information and regulatory policies of the administration.

Explanation: I learned it on my social studies class.

3 0
3 years ago
Antitrust laws keep businesses from _____.
Alenkinab [10]
<span>Antitrust laws keep businesses from </span>competition. 
6 0
4 years ago
Is Czechoslovakia more free today than it was in 1950? How so?
snow_lady [41]
They are more free as they used to be affected by communism :)
6 0
3 years ago
PLEASE HELP ASAPPPPP
grandymaker [24]

Answer:

You can consult Jschlatt about this topic, but until then I think I'll do.

Explanation:

In general, they don't care. That's why it's a sweatshop and not a normal business. The employers are typically in it for the money, which is why the conditions are so unideal (understatement). Someone who valued human life wouldn't force underpaid, malnourished children (or adults for that matter) to work in such horrible circumstances.

7 0
3 years ago
Other questions:
  • What are the points farthest north and south on earth
    8·2 answers
  • What is most similar about the alkaline earth metals
    11·1 answer
  • Creating alternative energy sources based on renewable natural resources (like wind or solar power) is one way of making a commu
    7·2 answers
  • In a market economy, prices are established by
    5·2 answers
  • "A ______ auction is a type of online reverse auction in which the buyer starts with an initial low price and then gradually rai
    7·1 answer
  • Adaptation is the process in which _______. receptor cells become linked to one another receptor sensitivity changes depending u
    9·1 answer
  • Which sentence from the section shows how the greek city-states planned to defeat king darius
    11·2 answers
  • The coldest American state is Alaska. The winters are extremely cold and the average temperature is 5 degrees Celsius.
    15·2 answers
  • "He has refused his Assent to Laws...
    11·2 answers
  • Stanford psychologist Dr. Carol Dweck is the pioneer in research on mindsets; her theory of fixed versus growth mindset has had
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!