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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.

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Instant rewards reinforce desired behavior. Annual raises are ________ effective in reinforcing behavior because there is too mu
amid [387]

Answer:

B. less

Explanation:

As compared with the instant rewards the annual raises are becomes less effective when the behavior is reinforced also it is depend upon the time gap that lies between the behavior and the actual reward

Therefore as per the given situation, the option b is correct

hence, all other options are wrong

So, the same is to be considered

4 0
3 years ago
Suppose a new technology makes it possible to perfectly predict the weather on your computer. As a result, there isn't as much o
Zinaida [17]

Answer:

demand of

Fall

decrease

Explanation:

Here are the options to this question:

1.expect the (supply of/ demand of )

2.forecasters to (increase/ decrease)

3. weather forecasters to (decrease/ increase)

The new technology would reduce the need for weather forecasters. So t.v. stations and radios would no longer employ weather forecasters and might even lay off some forecasters. So the demand for forecasters would fall.

Due to the reduced demand for forecasters, there would be a large number of unemployed forecasters with no one willing to employ them. This would lead them to a reduction in their salary. When supply exceeds demand, prices fall.

I hope my answer helps you

6 0
4 years ago
your local pawn shop loans money at an annual rate of 24 percent and compounds interest weekly. What is the actual rate being ch
Alika [10]

Answer:

27%

Explanation:

The actual rate being charge on these loans is the effective annual rate and the formula to calculate it is:

i=(1+(r/m))^m−1

i= effective annual rate

r= interest rate in decimal form=0.24

m=number of compounding periods per year= 52 (a year has 52 weeks).

i=(1+(0.24/52))^52-1

i=1.27-1

i=0.27

According to this, the answer is that the actual rate being charge on these loans is 27%.

6 0
3 years ago
Why would this be a better career choice than some of the other points she was looking for
larisa86 [58]

Answer:

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Explanation:

7 0
3 years ago
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Inessa05 [86]
Feedback Control <span>is a mechanism for gathering information about performance deficiencies after they occur.</span>
4 0
3 years ago
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