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asambeis [7]
3 years ago
13

If the demand for donuts is elastic, then a decrease in the price of donuts will a. not change total revenue of donut sellers. b

. increase total revenue of donut sellers. c. There is not enough information to answer this question. d. decrease total revenue of donut sellers.
Business
1 answer:
ad-work [718]3 years ago
5 0

Answer:

B

Explanation:

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

If demand is elastic and price is decreased, the quantity demanded would increase more than the change in price. As a result, revenue would increase

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Answer:

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Explanation:

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Such people must be of the same rank or hierarchical level and the purpose of the communication between them should be aimed at coordinating activities in order to achieve a common goal.

As you might have observed in the question, the sales manager and accounting manager are both mangers (the same hierarchical level) and belong to the same department of the organization.

4 0
4 years ago
A retailer spends a $500 per month to keep its online shop active and updated. The store acquires shirts at a cost of $5 per shi
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Answer:

100 shirts

Explanation:

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3 0
3 years ago
Banks channel money from savers to borrowers to _____. investors the government scarce resources
inn [45]
Investors would be the answer 
8 0
3 years ago
As the beneficiary of a business trust, kevin's liability for trust debts and obligations is limited to his capital investment i
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4 years ago
Isaac Inc. began operations in January 2021. For some property sales, Isaac recognizes income in the period of sale for financia
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Answer:

$135million

Explanation:

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7 0
3 years ago
Read 2 more answers
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