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
PtichkaEL [24]
3 years ago
5

Suppose that the demand curve for compact disks is given by P = 600 – Q and that the supply curve is given by P = 0.5 Q, where Q

is the quantity of compact disks and P is their price. What is the price elasticity of demand at the equilibrium price and quantity?
a. –2.00b. –0.02c. –0.50d. –0.05e. –0.20
Business
1 answer:
otez555 [7]3 years ago
7 0

Answer: -0.5

Explanation:

From the information given,

Demand curve = P = 600 – Q

Supply curve = P = 0.5Q

Equilibrium = Qd = Qs

Therefore, 600 - Q = 0.5Q

600 = Q + 0.5Q

600 = 1.5Q

Q = 600/1.5

Q = 400

Since P = 600 - Q

P = 600 - 400

P = 200

Price elasticity will be:

= (dQ/dP) × (P/Q)

=(-1) × (200/400).

= -1 × 0.5

= -0.5

The price elasticity is -0.5

You might be interested in
Toyota's just- in- time system is an example of using transfer pricing to avoid price controls. backward (upstream) integration.
wel

Answer:

quasi vertical integration

Explanation:

Quasi vertical integration is the vertical integration in which there is ownership by one firm i.e. downstream that closed to point where consumption ends or the upstream where the specialized tool and equipment are used

Also the firm that controls has a strong position but it is less as compared with the real vertical integration

Therefore according to the given situation, the second option is correct

4 0
3 years ago
How does the work done by agriculture communications professionals compare to and differ from that of other marketing workers?
Phoenix [80]

Answer:

Agriculture communications professionals need to have the same basic background on marketing, covering areas such as market research, product research, and market communication.

However, they will also need to have an agriculture-related background, because they need to understand the dynamics of the agriculture business, from farm issues, to the kind of crops or produce that they can buy or sell in a specific area, to even agricultural policy.

4 0
3 years ago
Karen Austin Inc. has issued three types of debt on January 1, 2020, the start of the company’s fiscal year.(a) $10 million, 10-
icang [17]

Answer:

Explanation:

Yield rate on unsecured bonds=12%

Yield rate on zero coupon bond=12%

Yield rate on 10% mortgage bonds=12%

Total debt value=10m+25m+20m=55m

Weight of unsecured bonds=10/55=0.182

Weight of zero coupon bonds=25/55=0.455

Weight of 10% mortgage bonds = 20/55= 0.363

Cost of debt=0.182*12+ 0.455*12+0.363*12=12%

3 0
3 years ago
Suppose you have $100 in a saving account earning 2 percent interest a year.after five year how much would you have
arlik [135]

Answer: Roughly $110.40

Explanation:

100 x (1.02)^5

The 1.02 is just 100 percent of the number plus the 2 percent interest you make.

6 0
2 years ago
Read 2 more answers
Which of the following is NOT one of the three basic economic questions?
ololo11 [35]
The answer s "How to Produce it".
This is not one of the three basic economic questions.
Mostly what they usually asks is what to produce base on the needs of the consumers, where to produce it in where people really are needing it and who will consume what is produced, they may be rich people, etc.
4 0
3 years ago
Other questions:
  • _____ studies the whole economy, such as investments made by all consumers and businesses.
    8·2 answers
  • Carrie recently received the Employee of the Year award at the call center where she works as a customer service representative.
    9·1 answer
  • When interviewing prospective employees, Samuel, a seasoned manager, often observes hand gestures, facial expressions, and use o
    6·1 answer
  • Consider the following​ situation, which involves two options. Determine which option is less expensive. Are there unstated fact
    13·1 answer
  • Although appealing to more refined tastes, art as a collectible has not always performed so profitably. During 2003, an auction
    6·1 answer
  • A radio station wants to increase the diversity of age groups that tune in to their shows. How would the radio station achieve t
    11·2 answers
  • In advertising research, _____________ measures the effectiveness of advertising messages by showing them to consumers.
    14·1 answer
  • The liquidity preference model: a uses the demand and supply of money to determine the level of potential output. b uses the dem
    5·1 answer
  • A company recorded 2 days of accrued salaries of $1,500 for its employees on January 31. On February 9, it paid its employees $7
    9·1 answer
  • In a well-constructed paragraph, evaluate the significance of government to the economic well-being of the nation or people. Inc
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!