All categories

3 years ago

True or False: The value of the price elasticity of demand is equal to the slope of the demand curve. True False

Business

1 answer:

kozerog [31]3 years ago

5 0

Answer:

false

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.

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.

The elasticity of demand is inversely related to the slope. The higher the value of elasticity of demand, the lower the slope and vice verse

You might be interested in

Quinn has landed a management position with a pioneering new small business after many years of working as a regional manager fo

dalvyx [7]

Answer: b.the principles of management are much the same at large and small firms.

Explanation:

Quinn will find that Management Principles do not discriminate against different sizes of firms and that the principles that work in one size can work across ALL sizes.

She will find that the same Principles that helped her in her big NGO will help her JUST AS WELL in this small but pioneering business.

4 0

3 years ago

Explain the meanings of market timing and security selection, highlighting their similarities and differences.

elena-s [515]

<h3>What Is Market Timing?</h3>

Market timing is the act of moving investment funds into or out of financial markets – or moving funds between asset classes – based on predictive methods. If an investor can predict when the market will go up and down, they can trade to turn that market movement into a profit.

<h3>What is security selection?</h3>

Security selection is the process of determining which financial stocks to include in a particular portfolio. Good stock picks can generate profits during market ups and downs and climate losses during bear markets.

Security selection implies picking individual stocks that the fund manager expects will outperform the market as a whole. Market timing implies betting on systematic risk factors. We see that Swedish equity mutual funds engage in both these types of active behaviour.

To learn more about mutual funds from given link

brainly.com/question/14967316

#SPJ4

8 0

2 years ago

Sharon Baricivic is a manager in the credit department for Hardaway's Lawncare Supplies. Joe Greene is a new employee in her dep

Ivahew [28]

Answer:

coaching Joe rather than helping him

Explanation:

Coaching is a process where a more experienced person teaches a learner achieve a goal by giving guidance and training.

Helping is when a person assists another to do a job that is their responsibility.

In this scenario Sharon Baricivic has provided Joe with guidance by offering advice, encouragement, and instructions. So he is coaching him.

However, she has been careful to let Joe do all of the actual work he is assigned, even if he struggles a bit.

So she is not helping Joe do his work, but rather letting him do it even if it means him struggling a bit.

4 0

3 years ago

Which global environmental problem may be worsened by the use of gas hydrates as an energy source?

monitta

<span>The energy source in gas hydrates is methane, which is trapped inside of ice. Extraction of the methane may result in leakage of small amounts of methane. This is a potential global environmental problem because methane is a very potent greenhouse gas.</span>

6 0

3 years ago

The Mountain Springs Water Company has two departments, Purifying and Bottling. The Bottling Department had 3,840 liters in begi

trapecia [35]

Answer:

Total equivalent units of materials = 64,652

Explanation:

<em>Equivalent units are useful to apportion cost between work in progress and completed units. They are notional whole units which represent incomplete work</em>

Equivalent Units = Degree of work completed (%) × inventory units

Fully worked = 64,880- 3,840= 61,040

I<em>tems units workings Equivalent units</em>

Opening inventory 3,840 3840× 70% = 2,688

Fully worked 61,040 61,040× 100 = 61,040

Closing WIP 5,160 5,160× 70% = <u>3,612</u>

Total equivalent units of materials <u> 64,652</u>

Total equivalent units of materials =64,652

4 0

3 years ago