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
Dahasolnce [82]
3 years ago
15

Richard Voith estimated the price elasticity of demand for round-trip rail fare to be 0.62. If fares rose by 30 percent, one wou

ld expect the quantity of round-trip tickets purchased to:
Business
1 answer:
ElenaW [278]3 years ago
7 0

Answer:

Fall by 18.6%.

Explanation:

Calculation for quantity of round-trip tickets purchased

Using this formula

Quantity of round-trip tickets purchased=Round-trip rail fare*Fares percentage

Let plug in the formula

Quantity of round-trip tickets purchased=30%*0.62

Quantity of round-trip tickets purchased=0.186*100

Quantity of round-trip tickets purchased=18.6%

Therefore one would expect the quantity of round-trip tickets purchased to:Fall by 18.6%.

You might be interested in
True or false? under medicare part a, a beneficiary can have an unlimited number of benefit periods.
Arlecino [84]
True depending on what you pay. Depending on what is payed (it is all tabled) you may have more or less days on your benefit periods up until no limit. In the end, it is a health insurance, and as everything that's payed, it has limits or not depending on what is payed. 
6 0
3 years ago
Adjustments help to ensure that all revenues are recorded in the period in which they are:______
Andrew [12]

Answer: made

                     

Explanation: In simple words, adjustment in accounting refers to the transactions that are not recorded in the accounts yet but actually belongs to it with respect to the time period of their occurrence.

There are generally five types adjusting entries accrued revues, accrued expenses, deferred revenues, deferred expenses and deprecation expenses. Such entries are usually made at the end of the year in their respective accounts.

5 0
3 years ago
George wants to increase the number of visits to his insurance firm's website, which specializes in rental insurance for college
Vera_Pavlovna [14]

Answer:

E

Explanation:

In this question, we are to give an answer about which of the listed options would give George the optimal service for the action which he seeks to execute.

Checking the requirements of what he is trying to do, we will notice that there are some key words that are very important that he is trying to target. Now, to bring his idea into fruition, Google AdWords would provide him with the needed help.

This is because Google AdWords would look specifically at indexes using those two key words he wants to use to provide him with the results that he seeks.

5 0
3 years ago
Read 2 more answers
Ariana'a bank statement shows a closing balance of $125.18. There are no outstanding checks or deposits. Her checkbook shows a b
arlik [135]

The answer is ATM fee in the amount of $2.75 or C.





HOPE THIS HELPS YOU

7 0
3 years ago
Read 2 more answers
Testing the probability of a relationship between variables occurring by chance alone if there really was no difference in the p
12345 [234]

Answer:

b.significance testing is answer.

Explanation:

I hope it's helpful!

7 0
3 years ago
Other questions:
  • The university system of georgia's cio believes the best way to collaborate with 31 independent-minded university cio's is to lo
    7·1 answer
  • The objective of a best-cost provider strategy is to:
    15·1 answer
  • Globalization is allowing countries to _________ many of their employers, particularly those in labor intensive, low paying indu
    5·2 answers
  • 5. Consider the following semiannual bonds: Bond C%(per year) Maturity(years) A 0% 15 B 0% 9 C 5% 15 D 11% 9 a. What is the perc
    7·1 answer
  • Briefly describe at least one additional test you could perform to gain evidence as to whether or not the cash account is materi
    5·1 answer
  • Sonia works as a lab research assistant at Frost Labs, which conducts trials for cosmetic products such as sprays, dyes, ointmen
    6·1 answer
  • Why has the use of fiscal policy declined since the recession of 2001?
    11·1 answer
  • Compare the sources of consumer credit travel and entertainment credit revolving check credit closed-end credit
    13·1 answer
  • International businesses with markets and production facilities in other countries, or that use materials from different countri
    8·1 answer
  • Jax Recording Studio purchased $8,200 in electronic components from Music World. Jax signed a 90-day, 10% promissory note for $8
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!