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
zavuch27 [327]
3 years ago
6

If the price of an airline ticket from SFO to LAS were to increase by 10%, from $100 to $110 roundtrip, while all other demand f

actors remain at their initial values, the quantity of rooms demanded at the Triple Sevens from rooms per night to rooms per night. Because the cross-price elasticity of demand is
Business
1 answer:
shutvik [7]3 years ago
7 0

Answer:

Quantity demanded declined to 250 rooms per night from 300 rooms per night.

Cross price elasticity of demand is negative.

Explanation:

Cross price Elasticity of demand = [change in quantity demand/ current demand] / [ % change in price]

Cross price elasticity of demand = {[300 - 250] / 300 } / 10

Cross price elasticity of demand is = -1.6

You might be interested in
A critical function of the government in facilitating the operation of a market economy is
o-na [289]
A critical function of the government in facilitating the operation of a market economy is setting and enforcing private property rights. Private property rights determine how a resource or good is owned. 
4 0
3 years ago
J&J Foods wants to issue 5.4 percent preferred stock with a stated liquidating value of $100 a share. The company has determ
Studentka2010 [4]

Answer:

$65.85

Explanation:

Calculation for What should the offer price be

Using this formula

Offer price=(Preferred stock× Liquidating value)/Return

Let plug in the formula

Offer price = (0.054 × $100) / 0.082

Offer price=5.4/0.082

Offer price = $65.85

Therefore the offer price should be $65.85

3 0
3 years ago
Cost pressure from international competitors pushes companies toward greater scale and efficiency. But some products must also m
SSSSS [86.1K]

Answer:

Transnational strategy

Explanation:

There is a difference in global approach and Transnational approach.

In global approach, one product is sold and promoted the same way across all channels and location. While in the case of Transnational strategy, it is more like a customized or personalized approach to sell products to a particular targeted audience.

Hope this helps.

Good Luck.

8 0
3 years ago
How does tactical adoption of cloud services differ from a coordinated cloud strategy?
guajiro [1.7K]

Tactical adoption is a quick-sighted technique, deploying cloud offerings incrementally, resulting in apps and offerings which might be patched collectively to create give-up-to-cease enterprise processes.

Cloud adoption is a method utilized by organizations to enhance the scalability of net-based database capabilities at the same time as lowering fee and dangers. To achieve this, organizations interact within the exercise of cloud computing or the use of faraway servers hosted at the net to save, control, and procedure essential records.

The primary benefit of cloud adoption is that it gives scalable organization IT with velocity. Speed may be understood as performance and is a pre-requisite for gaining competitive gain. The cloud offers the required speed for a corporation to release new products quickly and advantage competitiveness in markets without problems.

Learn more about organization here: brainly.com/question/24448358

#SPJ4

6 0
2 years ago
Which is the most accurate definition of body language?
Masja [62]
Body Language is communicate by movement or position, particularly facial expressions, gestures and the relative positions of a speaker and listener.
6 0
3 years ago
Read 2 more answers
Other questions:
  • Lilliput is a country that has closed borders and does not import or export any goods or services; hence, they do not worry abou
    9·1 answer
  • n the 1930s, what caused Canada to respond by raising its tax on goods imported from the United States? the Glass-Steagall Act t
    11·1 answer
  • Why does demand become more elastic over time?
    5·1 answer
  • You are in the process of purchasing a new automobile that will cost you $27,500. The dealership is offering you either a $2500
    12·1 answer
  • Which of the following series uses commas​ correctly?
    8·1 answer
  • Tom is the quality control manager for the company XYZ. XYZ recently received some complaints about its product D's quality and
    6·1 answer
  • A company acquires a natural resource for and spends another on development of the site and for a nonmovable tangible asset inst
    14·1 answer
  • Quality Ceramic, Inc. (QCI) defined five submarkets within its broad product-market. To obtain some economies of scale, QCI deci
    11·1 answer
  • 15. The normal balance side of any expense account is (A) the debit side. (B) the credit side. (C) the right side. (D) either th
    9·1 answer
  • The ability to capture and analyze all customer interactions, generate appropriate responses, and gather data to create and buil
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!