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
Tpy6a [65]
3 years ago
8

According to the article, purchases of sugary beverages went down 12% in 53 Mexican cities as a result of a 10% tax. What kind o

f demand for sugary beverages does this trend indicate? Choose one: A. inelastic B. elastic C. unit elastic D. perfectly elastic E. perfectly inelastic
Business
2 answers:
const2013 [10]3 years ago
4 0

Answer:

B) Demand is price elastic

Explanation:

Elasticity of demand is the degree of responsiveness of demand to a change in price. It measures how much is effected on quantity demaned as a result of a unit change in price.

It is calculated as % change in quantity demanded by % change in price.

PED = % change in Quantity demanded/ % change in price

IF PED is greater than 1, demand is price elasitic

If IF PED is less than 1, demand is price inelasitic

If IF PED is equal to one, it is unitary

If the % change in price produces a more than proportional change in demand , PED is elastic.

In this question ,  a 10% increase in price as a result  of tax produces 12% fall  in demand, so  PED = 12%/10%= 1.2.

PED is greater 1, Therefore, demand is price elastic

Elena L [17]3 years ago
3 0

Answer:

Elastic

Explanation:

A demand for a commodity is said to be elastic when the percentage in quantity demanded of the commodity is greater than the percentage change in the price of that same commodity. That is, the price elasticity demand for the product is greater than one.

From the question, an increase in tax on the commodity by 10% will increase the price of the commodity by 10%. Since the fall of 12% in the purchases of sugary beverages in 53 Mexican cities is greater 10% increase in tax as a result of tax, the demand for sugary beverages elastic, that is greater than one. This can be calculated as follows:

Ep = % change in quantity demanded ÷ Percentage change in price

Ep = 12% ÷ 10% = 1.2

Where Ep indicates price elasticity of demand.

Since Ep is equal to 1.2, the demand for sugary beverages is elastic.

You might be interested in
Read the following scenario. Then in the table below, match each of the activities to the management by objectives step it repre
Klio2033 [76]

<u>Solution and Explanation:</u>

<u>Setting a Goal = B </u>

Basis the past data and knowledge, 90 seconds is set as target for maximum time to hold .

<u>Developing a Action Plan = A </u>

The contingent call center workers are hired for anytime service and support to ensure hold time is less than 90 seconds .

<u>Reviewing progress = C </u>

In mid of the project, review is done to check how many times hold time exceeded 90 seconds .

<u>Appraising performance = D </u>

It is done at the end post project completion with data and results .

 

5 0
3 years ago
Mariah works at a daycare center. She makes $17 per hour and works about 36 hours each week. What type of wages does she earn?
Harrizon [31]

Answer:

Hourly

Explanation:

Hourly because it says she's paid by the hour.

4 0
3 years ago
Read 2 more answers
Updating procedures and systems, reinforcing marketing strategies, and updating advertising techniques, are all examples of what
Travka [436]

An operational change is an exchange inside the structure of your corporation. That could be a reorganization, layoffs, or just a group alternate daily a strategic or task declaration trade. Operational changes are a number of the roughest in your personnel due to the fact they by no means quite understand daily.

Change is basically a variation within the common manner of doing things. every time people carry out a venture in a sure way, they get accustomed to them. They expand strategies which they could put into effect mechanically every day to reap those tasks. Any variation in those strategies is not anything however change.

An alternate is a venture, initiative, or solution being added to the agency to improve the manner work gets accomplished, clear up a problem, or take benefit of a possibility. Almost any project, initiative, or solution that improves a company will affect how employees do their work.

Learn more about the corporation here: brainly.com/question/24448358

#SPJ4

8 0
1 year ago
Hardin Company received $120,000 in cash and a used computer with a fair value of $360,000 from Page Corporation for Hardin Comp
san4es73 [151]

Answer:

$30,000 and $360,000

Explanation:

The computation of the gain on the exchange is shown below:

= Cash received + fair value of the computer  -  undepreciated cost of existing computer

= $120,000 + $360,000 - $450,000

= $30,000

The amount of the computer which is recorded will equal to the fair value of the computer i.e $360,000

For computing the gain we simply added the fair value and deduct the undepreciated cost of an existing computer in the cash received amount so that the accurate amount can come.  

All other information which is given is not relevant. Hence, ignored it

3 0
3 years ago
If a check correctly written and paid by the bank for $408 is incorrectly recorded on the company's books for $480, the appropri
vodka [1.7K]

Answer:

The correct answer is add $72 to the book's balance.

Explanation:

Bank reconciliation is a way of identifying discrepancies between the cash book balance (company's books) and the bank balance (balance per bank statement). The discrepancies can be as a result of erroneous posting, deposit in transit, outstanding checks, etc.

In the instance of the question, there was an erroneous posting in the cash book of $72 ($480 - $408). Instead of crediting cash book by $408, it was rather credited by $480 - meaning that the credit was overstated by $72. <em>To correct this erroneous posting, we have to add back $72 to the cash book balance.</em>

8 0
3 years ago
Other questions:
  • Stephanie is the editor in charge of advertising for the yearbook and newspaper. She thinks that her position is the most import
    10·2 answers
  • What should a consumer consider when shopping for a credit card? Check all that apply.
    6·2 answers
  • During the ___________ stage of the product life cycle, firms either position themselves for a niche segment of diehard consumer
    9·1 answer
  • Insurance is deemed by some as a social and merit good. Discuss the pros and cons of insurance within the context of it being de
    15·1 answer
  • A hardware buyer plans to purchase 75 ladders which will retail for $35 each. He has already placed an order for 48 ladders at $
    5·1 answer
  • Tamekia reports that the market leader in the TZX mitt category has 60 percent of all sales in the market and spends $240,000 a
    10·1 answer
  • The following information applies to the questions displayed below.]
    13·1 answer
  • A retirement account in which investments are not tax-deferred but can be
    6·2 answers
  • 2 pros of positive word of mouth (WOM) <br> 2 cons of positive word of mouth (WOM)
    12·1 answer
  • joe, a hair dresser, offers students a discount price on haircuts. this form of pricing is an example of
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!