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Nesterboy [21]
3 years ago
10

Rebel Records announces it is cutting the prices of its bluegrass album titles by 25 percent. If Rebel is seeking to increase re

venues, it must believe that the elasticity of demand for bluegrass albums is Group of answer choices elastic. inelastic. of unitary elasticity. perfectly inelastic.
Business
1 answer:
Ede4ka [16]3 years ago
8 0

Answer:

elastic.

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, quantity demanded would increase. The increase in quantity demanded would be greater than the decrease in demand and this would lead to an increase in revenue.

Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one

Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.  

Infinitely elastic demand is perfectly elastic demand. Demand falls to zero when price increases  

Perfectly inelastic demand is demand where there is no change in the quantity demanded regardless of changes in price.

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"I haven't missed a day of work in the past year, and I'm committed to this company, so I determined that a 20 percent salary in
ohaa [14]

Answer: a. I made comparisons with others' salaries."

Explanation:

Equity theory simply refers to the principle that the actions of individuals are based on fairness and in a situation whereby there's no fairness or equity, the workers will seek to address such differences.

According to the equity theory, workers believe that everyone who puts in a similar input should get a similar reward. Therefore, in this case since Ted used the equity theory, he'll make a comparison with the salary of others.

7 0
3 years ago
An example of automatic fiscal policy is Question 19 options: the unemployed automatically become eligible for unemployment bene
daser333 [38]

Answer:

a

Explanation:

Automatic fiscal policies are policies that adjust the economy automatically without the intervention of external agents . examples include progressive tax and transfer payments

In an expansion, progressive tax increases the tax paid and this reduces disposable income

In a contraction, tax paid is reduced and this increases disposable income

Congress passes a law during a recession that automatically extends unemployment benefits for those whose benefits will soon expire. this is an example of discretionary fiscal policy

Discretionary fiscal policies are deliberate steps taken by the government to stimulate the economy in order to cause the economy to move to full employment and price stability more quickly than it might otherwise.

4 0
3 years ago
Why MERCOSUR is trade diversion and what are the impacts of MERCOSUR on firm operations?
poizon [28]

Answer:

MERCOSUR may have made trade more difficult.

Explanation:

It is a trade divergence due to numerous reasons. It influences nations outside the association since they can't offer to those nations as effectively. The idea was to make a worker's union that would enable every nation to get off their feet and strengthen one another. Yet, it winded up harming one another and different nations for the reasons that it made the trade even more difficult than it was before. So, the impacts of MERCOSUR on firms operation are negative; it made trade more difficult, especially with other countries.

5 0
3 years ago
The full opportunity cost of capital invested in a business is generally not included as a cost when accounting profits are calc
Luden [163]

Answer:

The correct answer is: more than.

Explanation:

Economic profits calculation includes both implict and explicit costs. While implicit costs is not included in calculating accounting profits.

Since calculating accounting profits, the opportunity cost of capital is not included as a cost, that is why accounting profits is often higher than economic profits.

Accounting profits overstate profits.

5 0
4 years ago
Ana Tocco says that “...one of the biggest things as a personal trainer is that you really have to have that connection and crea
cupoosta [38]

The fact that Ana focuses on individuals, knowing that each of her clients has a different personality and different needs simply mean that she's using A. Different diversity paradigm.

Different diversity paradigm simply means valuing individual differences and thereby celebrating diversity. It encompasses practices like gender targets and the creation of group networks.

Different diversity paradigm is a form of fairness paradigm where everyone is taken into consideration. Therefore, since Ana focuses on individuals, knowing that each of her clients has a different personality and different needs, this means that she's using different diversity paradigms.

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8 0
3 years ago
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