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
LenKa [72]
3 years ago
11

If a $100 drop in the price of a $10,000 car resulted in an increase in the quantity of cars purchased from 100 to 110 and a $10

0 drop in the price of a $1,000 vacation rental resulted in an increase in the quantity of weekly vacation homes rented from 100 to 110, the price elasticity of demand is:_______
a. greater for the car.
b. less for the car.
c. the same for both the car and the vacation rental.
d. not comparable.
Business
1 answer:
kati45 [8]3 years ago
7 0

Answer:

Option C

Explanation:

f a $100 drop in the price of a $10,000 car resulted in an increase in the quantity of cars purchased from 100 to 110 and a $100 drop in the price of a $1,000 vacation rental resulted in an increase in the quantity of weekly vacation homes rented from 100 to 110, the price elasticity of demand the same for both the car and the vacation rental.

The elasticity remains unchanged because the percentage change in price and percentage change in quantity are tne same in both cases.

You might be interested in
Claudia, a legal assistant, has been vested by her employer after having worked with the employer for ten years. This implies th
galben [10]

Answer: b. she will receive the amounts contributed by both the employer and herself when she retires

Explanation:

Since Claudia, has been vested by her employer after having worked with the employer for ten years, she will receive the amounts contributed by both the employer and herself when she retires

In this case, Claudia is vested and has the right to claim her funds in the retirement plan since she has worked for ten years.

4 0
2 years ago
Marketing goods and services to the B2B market relies more heavily on advertising than marketing efforts aimed toward the consum
morpeh [17]

This statement "Marketing goods and services to the B2B market relies heavily on advertising than marketing efforts aimed toward the consumer market" is:True.

<h3>What is B2B marketing?</h3>

B2B marketing which full meaning is business to business marketing can be defined as the process in which business owners tend to focus on selling their products or goods to other businesses rather than their customers.

Based on this, companies or business owners  prefers to advertise their goods and service to other business owners so as to make profit or generate revenue.

Inconclusion the statement is true.

Learn more about B2B marketing  here:brainly.com/question/26506080

4 0
2 years ago
Rent of $1,000 per month is paid for the next twelve months on October 1st, 1988. As a result of this transaction:
frutty [35]

Answer:

the answer would be Neither

6 0
3 years ago
With huge amounts of money being invested in securities during the longest and biggest bull market in American history, who beca
const2013 [10]

It should be noted that when the biggest bull market was witnessed, the Golden Sach became involved in joining the feeding frenzy.

<h3>What is a bull market?</h3>

It should be noted that a bull market means a condition of financial market where prices are expected to rise.

With huge amounts of money being invested in securities during the longest and biggest bull market in American history, Golden Sachs joined. They are simply an investment company and saw this as an opportunity to increase revenue.

Learn more about bull market on:

brainly.com/question/25695108

8 0
2 years ago
The following events result in a tax. Which is an example of a direct tax?
Komok [63]

Answer:

Javier owes money to the federal government based on his earnings.

Explanation:

Direct taxes are levied directly on the income of an individual or a business. Javier pays income tax on his earnings which is classified as a direct tax. Other examples of direct taxes include corporate tax and property tax.

All other options are examples of indirect tax as they are being levied on goods and services. Such taxes are usually included in the price. For e.g. General sales tax and value added tax.

5 0
3 years ago
Other questions:
  • ___ are written laws that establish certain courses of conduct that must be adhered to by the covered parties.
    10·1 answer
  • China is considered to have​ a(n) ________ culture.
    7·1 answer
  • Nolivia is a small and poor nation, but its current president has a genuine desire to create more wealth for Nolivia citizens. T
    9·2 answers
  • which circumstance is most likely to cause a farmer to store soybeans for a future sale instead of selling them right after harv
    12·1 answer
  • The following transactions occur for Badger Biking Company during the month of June:
    14·1 answer
  • Vandenheuvel Corporation keeps careful track of the time required to fill orders. The times recorded for a particular order appe
    8·1 answer
  • Garfun, Inc., owns all of the stock of Simon, Inc. For 2014, Garfun reports income (exclusive of any investment income) of $480,
    11·1 answer
  • The U.S. Treasury maintains accounts at commercial banks. What would be the consequences for the money supply if the Treasury sh
    12·1 answer
  • Stoneheart Group is expected to pay a dividend of $3.17 next year. The company's dividend growth rate is expected to be 3.9 perc
    6·1 answer
  • The following are hibiscus company cost of making and selling an item:
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!