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Aloiza [94]
3 years ago
9

The price elasticity of demand measures: Group of answer choices how responsive consumers are in the quantity they want when con

sumer incomes change how responsive producers are in the quantity they produce when the price changes how responsive consumers are in the quantity they want when the price changes how responsive producers are in the quantity they produce when consumer incomes change
Business
1 answer:
Arlecino [84]3 years ago
8 0

Answer:

how responsive consumers are in the quantity they want when the price changes

Explanation:

The price elasticity of demand is

= Percentage change in quantity demanded ÷ percentage change in demand

So based on the above formula it shows that the consumers are responsive with regard to the quantity they need at the time when the price is changed

Therefore the above represent the answer

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Company expects to sell 500 units during the second quarter and 550 units in the third quarter. Currently, during the second qua
FinnZ [79.3K]

Answer:

509 units

Explanation:

The expected sales in the present quarter is 500 units (for second quarter) and we have 46 units on hand.

We want a reserve of 10% during the next quarter.

The expected sales in next quarter is 550 units so reserve of 10% is

Reserve = 0.10 * 550= 55 units

Balance to produce this quarter= 500 - 46= 454 units

Total to produce= Balance produced + Reserve

Total to produce= 454 + 55= 509 units

7 0
3 years ago
Total cost is the a. amount a firm receives for the sale of its output. b. fixed cost less variable cost. c. market value of the
kkurt [141]

Answer:

C. Market value of the inputs a firm uses in production.

Explanation:

Total cost is the summation of all cost incurred by a firm as a result of production. It is also market value of the inputs a firm uses in production.

Total cost refers to the summation of fixed cost, which is a cost that does not vary with the level of out put and variable cost, which varies with the level of output.

When producers manufacture goods, the total cost of production of such goods will be factored in the final price such that the producer is able to earn profit.

6 0
3 years ago
You are interested in purchasing a digital camera and find one priced extremely low. As you are about to purchase the camera, yo
CaHeK987 [17]

Answer:

low-ball technique

Explanation:

Based on the scenario being described it seems that you have been a victim of the low-ball technique. This is a persuasion tactic in which an item is marked at a very tempting low price in order to get customers to commit to the purchase, but when they do commit the price is increased in one way or another. Which in this case was by requiring extra components to be able to use the camera.

3 0
3 years ago
Milly Garcia, the marketing manager for ABCDE Firm, believes for her company to succeed in international markets, it must addres
Alecsey [184]

Answer: Marketing mix

Explanation:

Marketing mix is a combination of factors that are controlled by a company in order to influence the consumers to buy its products.

Marketing mix is a foundation model for firms, and it centered around the price, product, place, and promotion. Marketing mix is the marketing tools that a firm uses to achieve its marketing objectives in the market.

4 0
4 years ago
Which statement best describes the two billing cycle method that some credit card companies use
Alborosie

Answer:

Double-cycle billing is a method used by creditors, usually credit card companies, to calculate the amount of interest charged for a given billing period. It takes into account not only the average daily balance of the current billing cycle (usually one month), but also the average daily balance of the previous cycle.

Explanation:

idk...my mom helped me answer this for you

3 0
3 years ago
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