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
noname [10]
3 years ago
9

Suppose that when the price of peanut butter falls from $2 to $1 per jar, the quantity of jelly purchased rises from 14 million

jars to 16 million jars. Instructions: Round your answer to two decimal places. If you are entering a negative number be sure to include a negative sign (-) in front of that number. The cross-price elasticity of demand between peanut butter and jelly using the mid-point method is: . The goods are (Click to select) .
Business
1 answer:
yan [13]3 years ago
7 0

Answer:

-0.20

Explanation:

Cross price elasticity of demand measures the responsiveness of quantity demanded of good A to changes in price of good B.

If cross price elasticity of demand is positive, it means that the goods are substitute goods.

Substitute goods are goods that can be used in place of another good.

If the cross-price elasticity is negative, it means that the goods are complementary goods.

Complementary goods are goods that are consumed together

Cross Price elasticity of demand = midpoint change in quantity demanded / midpoint change in price  

Midpoint change in quantity demanded = change in quantity demanded / average of both demands

change in quantity demanded = 16 million - 14 million = 2 million

Average = (16 million + 14 million) / 2 = 15 million

2 / 15 = 0.133

midpoint change in price = change in price / average of both price

change in price = 1 - 2 = - 1

average of price =(2 + 1) / 2 = 1.5

-1/1.5 = -0.67

0.1333 / -0.67

You might be interested in
In the résumé above, what would cause appearance of the "00000000000"?
elena-14-01-66 [18.8K]

Answer:

an error

Explanation:

6 0
3 years ago
Read 2 more answers
Do you think Global Warming is real or not? Explain Why.
Serjik [45]

Answer:

Yes

Explanation:

Yes because over time the earth has gotten hotter and hotter each decade, which is undeniable proof that it is real.

7 0
3 years ago
Public goods represent a market failure because
JulsSmile [24]
Public goods are available everywhere and are <span>both non-excludable and non-rivalrous</span>
They represent a market failure because <span>by their very nature they are nonexcludable and nonrival which makes it difficult for the private sector to supply them profitably. Answer: B
</span>Public goods are nonrival in consumption and their benefits are nonexcludable
7 0
3 years ago
If you focus on the present now, instead of focusing on your future concerns, you will be able to __________.
dalvyx [7]
Answer:

D

Explanation:
4 0
2 years ago
Read 2 more answers
the common stock and debt of northern sludge are valued at $64 million and $36 million, respectively. investors currently requir
kozerog [31]

The expected return on the common stock should decrease.

To calculate the new expected return on the common stock, we need to calculate the new value of the common stock and debt. The new value of the common stock is $64 million + $16 million = $80 million. The value of the debt is reduced by $16 million to $20 million.

The new expected return on the common stock is 16.6% * ($80 million/$96 million) = 15.63%.

Therefore, the expected return on the common stock should decrease from 16.6% to 15.63%.

A security that symbolises ownership in a firm is called common stock. Common stock owners choose the board of directors and cast ballots for corporate rules. Long-term rates of return are often higher with this type of stock ownership.

To know more about stock here

brainly.com/question/14040903

#SPJ4

4 0
1 year ago
Other questions:
  • If the management of an entity is close to breaching a debt covenant that requires maintaining a certain current ratio, manageme
    9·1 answer
  • Elijah is a warehouse production manager and has been assigned a complex project that might result in lengthy delays. in order t
    9·1 answer
  • Budweiser, miller and coors, who together produce 80% of all beer consumed in the us, each spend well over $500 million a year o
    8·1 answer
  • In the circular flow model, who supplies factors of production in exchange for income?
    14·1 answer
  • Nolivia is a small and poor nation, but its current president has a genuine desire to create more wealth for Nolivia citizens. T
    8·1 answer
  • Insurance companies facilitate the transfer of risk from Multiple Choice those who have a low-risk tolerance to those with high
    15·1 answer
  • otal asset turnover 2.6 Profit margin 6.6 % Equity multiplier 1.5 Payout ratio 25 % What is the sustainable growth rate?
    11·1 answer
  • Difference between primary and secondary catering​
    7·1 answer
  • The financial statement that shows revenue and expenses for a period of time is the
    5·1 answer
  • On your property tax bill, you see the following table. destination share of your taxes roads $241 schools $896 public safety $1
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!