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Leto [7]
3 years ago
7

When the price elasticity of demand for a good is very elastic, quantity demanded is _____ to a change in price and the demand c

urve is relatively _____. Group of answer choices
Business
1 answer:
meriva3 years ago
3 0

Answer:

1. Responsive

2. Elastic

Explanation:

When the price elasticity of demand for a good is very elastic, quantity demanded is RESPONSIVE to a change in price and the demand curve is relatively ELASTIC.

This is because the price elasticity of demand measures the responsiveness of the quantity demanded to a change in price.

Consequently, as the quantity demanded changes, the demand curve then becomes relatively elastic, by shifting either to the right or left.

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A Lexus automobile priced in Japan for export at 3000000 at a time when the exchange rate is 100 now costs $30000 in the United
Bumek [7]

Answer:

  • what will be the new price in the United States

c $33750

Explanation:

Initial Price:

$3,000,000   PRICE  

100           USD Exchange  

$30,000     PRICE USD  

Updated Price:

$3,000,000   PRICE  

80              USD Exchange  

$37,500      PRICE USD  

As the pass through indicates that the exchange rate impact only a 50%, then the final price of the car it's defined as:

$7,500   Exchange Impact

0.50   Pass through  

$3,750   Final Exchange Impact

Initial Price : $30,000

Final Exchange Impact: $3,750

Final Price: $30,000 + $3,750 = $33,750

5 0
3 years ago
A business owner makes 60 items by hand in 45 hours. She could have earned $35 an hour working for someone else. Her total expli
Nezavi [6.7K]
The Answer Is : $-720
8 0
3 years ago
Corporate triple A bond interest rates for 12 consecutive months are as follows:
pashok25 [27]

Answer and Explanation:

The answer is attached below

5 0
4 years ago
Issy's Ice Cream is an international business. As such, it a. invests in international trade or investment. b. needs to have man
pentagon [3]

Answer: The correct answers are "a. invests in international trade or investment." and d. needs to manufacture products or provide services that target a global market.".

Explanation: A company that engages in international business is one that trades goods, services, technology or physical and / or human capital globally.

This means that instead of existing and developing in separate national markets, it unites and transforms them into a single global market through the elimination of barriers between borders.

4 0
3 years ago
Bill Dukes has $100,000 invested in a 2-stock portfolio. $32,500 is invested in Stock X and the remainder is invested in Stock Y
pshichka [43]

Answer:

0.98

Explanation:

Computation for Bill Duke portfolio's beta

First step is to find the Investment in Y which is:

Investment in Y=100,000-35,000

=$65,000

Second step is to calculate for the Portfolio beta using this formula

Portfolio beta=Respective beta*Respective Investment weight

Portfolio beta =(35,000/100,000*1.5)+(65,000/100,000*0.7)

Portfolio beta=(0.35*1.5) +(0.65*0.7)

Portfolio beta =0.525 +0.455

Portfolio beta=0.98

Therefore the Portfolio Beta will be 0.98

7 0
3 years ago
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