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
nordsb [41]
3 years ago
9

The cross-price elasticity of demand measures the a. percentage change in the quantity demanded of one good in one location divi

ded by the price of the same good in another location. b. absolute change in the quantity demanded of one good divided by the absolute change in the price of another good. c. percentage change in the price of one good divided by the percentage change in the quantity demanded of another good. d. percentage change in the quantity demanded of one good divided by the percentage change in the price of another good.
Business
1 answer:
LenaWriter [7]3 years ago
5 0

Answer:

d. percentage change in the quantity demanded of one good divided by the percentage change in the price of another good.

Explanation:

Price-demand elasticity measures the demand sensitivity of a good when a change in the price of another good occurs. For example, what happens to the demand for bread when the price of butter varies? This depends on the cross elasticity of demand since these goods tend to be complementary.

 The price elasticity of cross demand between two goods is easily calculated by a formula where the numerator is the change in the quantity of a good and the denominator is the percentage change in the price of the complementary good.

If the calculation of elasticity is greater than 1, it means that the amount demanded for bread is sensitive (elastic) to the price of butter and tends to vary sharply. If the result is between 0 and 1, the demand is inelastic, that is, the amount of bread demanded will not change considerably when the price of butter varies. If the calculation is equal to 1, then the demand for bread varies perfectly with the price of butter.

You might be interested in
Advertising, fashion trends, and new product introductions serve to
dmitriy555 [2]
The correct answer is letter c. create consumer demand. Advertising, fashion trends, and new product introductions serve to create consumer demand. 

Disequilibrium occurs when the quantity supplied and the quantity demanded are not the same in a market. The statement presented is True.

8 0
3 years ago
Net present value: Select one: is the best method of analyzing mutually exclusive projects. is less useful than the internal rat
Leto [7]

Answer:

Is the best method of analyzing mutually exclusive projects.

Explanation:

Net present value is equal to the present value of all the future cash flows of a project, less the initial outlay of project.

Net present value analysis simply concluded about a project to be worth doing when it finds the present value of future cash flows greater than the initial investment and vice versa.

We just have to see which is higher, the present value of future cash flows or the initial investment.

It is assumed that an investment with a positive NPV will be profitable, and an investment with a negative NPV will result in a net loss.

3 0
3 years ago
Bridge Building Company estimates that it will incur $1,200,000 in overhead costs for the year. Additionally, the company estima
Vaselesa [24]

Answer:

Predetermined manufacturing overhead rate= $2 per direct labor dollar

Explanation:

Giving the following information:

Estimated overhead cost= $1,200,000

Estimated direct labor cost= $600,000.

<u>To calculate the predetermined overhead rate, we need to use the following formula:</u>

<u></u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 1,200,000 / 600,000

Predetermined manufacturing overhead rate= $2 per direct labor dollar

7 0
3 years ago
Which of the following statements about marketing is TRUE? A) It is of little importance when products are standardized. B) It c
Naddik [55]

Answer:

B) It can help create jobs in the economy by increasing demand for goods and services

Explanation:

E) UNICEF and other nonprofit organizatin do marketing do raise funds

D) on internet there are tons of marketing campaing of different company's and styles.

C) if it build loyal customers, it is building a brand name which is an intangible assets

A) no company would spend on activities with no importance.

B) The marketing aims to increase the knowledge of the firm and sales or fund rasing, his will create jobs and therefore, helping the economy.

5 0
3 years ago
Suppose you give a customer change back for a $20, but she had given you a $50. she is a regular customer and will be returning
suter [353]
You should give her the rest of the change when she returns, but mention it to the manager immediately. The manager should know what happened.
8 0
3 years ago
Other questions:
  • What are some reasons why individuals might choose to not raise children in their lifetime? these may include personal reasons a
    7·1 answer
  • By the time a child is two years old, they have _____synaptic connections in their brain than an adult.
    13·1 answer
  • A fundamental cause of the "tragedy of the commons" is
    12·1 answer
  • urrently, the unit selling price of a product is $260, the unit variable cost is $210, and the total fixed costs are $640,000. A
    6·1 answer
  • Althea, black, has been a deejay for a local Christian music station for several years. The station got a new general manager an
    11·1 answer
  • Which of the following statements concerning a bank savings account is false? a. Deposits are insured for at least $100,000. b.
    9·1 answer
  • Individual Retirement Accounts (IRAs) allow people to shelter some of their income from taxation. Suppose the maximum annual con
    8·1 answer
  • Frequently, project managers lack legitimate power based upon position and instead resort to persuading others based upon person
    10·1 answer
  • Exercise 6-1 The Effect of Changes in Activity on Net Operating Income [LO6-1]Whirly Corporation’s contribution format income st
    7·1 answer
  • Question 3
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!