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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: Total deduction= $2,528

Explanation:

25000*0.2*0.8=4,000  

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Total deduction = 3,160*0.8

Total deduction= $2,528

5 0
3 years ago
Pronunciation and enunciation have all of the following in common except a. Both involve how you articulate b. Both are importan
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Patricia Nall was approved for a $3,000, two-year, 11 percent loan with the finance charges figured using the discount method. H
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$2,340

Explanation:

The computation of cash received from this loan is shown below:-

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4 0
3 years ago
Which phrase best completes the diagram?
igomit [66]
Low gross domestic product
7 0
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Jill invests $1,000.00 to buy ten shares of Good Corporation. The corporation goes bankrupt having no assets and $1 million in l
likoan [24]

Answer:

A. Limited liability.

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