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Kipish [7]
3 years ago
10

Explain how a seller can determine whether the demand for his or her good is inelastic, elastic, or unit elastic between two pri

ces
Business
1 answer:
patriot [66]3 years ago
8 0

Answer:

by calculating the elasticity of demand.

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

Price elasticity of demand = percentage change in quantity demanded / percentage change in price

If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.  

Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one

Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.  

Explanation:

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Answer:

Invoro will have a resource that is valuable but no longer rare.

Explanation:

Invoro's competitive edge has been duplicated by Finolo and Ethics through their customer knowledge base and products that appeal to customers.

The resource that Invoro has is still valuable and can give the company a good market share, but it is no more rare.

5 0
4 years ago
Allstar Exposure designs and sells advertising services to small, relatively unknown companies. Last month, Allstar had sales co
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Explanation:

All star Exposure

Monthly income Statement

$ $

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Less: Expenses

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---------------------

(295,000)

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Net income. 180,000

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The All star income statement has no line item for cost of good sold because cost of good sold is a direct cost incurred by All star Exposure on the goods sold. it does not appear as part of the expenses in the income statement.

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3 years ago
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zhannawk [14.2K]

Answer:

The correct answer is Known vulnerabilities.

Explanation:

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5 0
3 years ago
Consumers have certain rights that do NOT carry corresponding responsibilities.
galina1969 [7]

Answer:

<h2>Explanation:Consumers have certain rights that do NOT carry corresponding responsibilities....(<u><em>false is the answer)</em></u></h2>
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What is a main problem with determining the social benefits of a public good like a community fireworks show?
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