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
Mariulka [41]
2 years ago
8

The price elasticity of demand (based on the midpoint formula) when price increases from $10 to $12 is:______

Business
1 answer:
aliina [53]2 years ago
8 0

Answer:

the price elasticity of demand is 1

Explanation:

The price elasticity of the demand using mid point formula is as follows:

Price elasticity of the demand is

= (change in quantity demanded ÷ average of quantity demanded) ÷ (percentage change in price ÷ average of quantity demanded)  

where,  

Change in quantity demanded is

= Q2 - Q1

= 36 - 30

= 6

And, average of quantity demanded is

= (36 + 30) ÷ 2

= 33

Change in price is

= P2 - P1

= $12 - $10

= $2

And, the average of price is

= ($12 + $10) ÷ 2

= 11

So, the price elasticity of demand is 1

You might be interested in
Stazia Inc is a software company that intends to collaborate with Softron Inc, another multinational company. Steve, the chief e
lorasvet [3.4K]

Answer: option C

Explanation: A face to face interaction between the concerned parties will be the best alternative in this case as Steve wants to have maximum information and also non verbal clues. In Email message and voice mail there might be a lack of information as the transmission and transfer of messages will be slow and also there will be no nonverbal clues. In case of telephone conversation the information transmission will be fast but the problem regarding non verbal clues will still be there, hence, face to face conversation is the best alternative.

4 0
2 years ago
Read 2 more answers
The statement, "With its 25 percent market share, this is the best-selling laser printer on the market today," is an example of
Ksenya-84 [330]

Answer:

Product advantage.

Explanation:

The statement, "With its 25 percent market share, this is the best-selling laser printer on the market today," is an example of a product advantage.

Product advantage can be defined as the attributes or characteristics of a particular product, which differentiates or gives it a competitive edge over other products that is being manufactured by an organization.

Hence, it refers to the ability of a particular product to do well in the market as a result of it being sought by the consumers.

5 0
2 years ago
Linder Corporation invested $70,000 cash in marketable securities on September 1. On September 7 the company sold $10,000 of the
olga2289 [7]

Answer and Explanation:

Find attached

8 0
3 years ago
Cinnamon Toast Crunch cereal and Trix cereal are considered substitute goods. Because of this, one would predict that, holding a
zvonat [6]

As Crunch cereal and Trix cereal are substitute goods, then, if the price of Crunch cereal increases, then, we would see that the demand curve for Trix cereals will shift to the left

<h3>What causes demand curve to shifts to left? </h3>

In economics, when the demand curve shifts to the left it means that determinant causes demand to drop and less of the good or service is demanded.

In conclusion, if the price of Crunch cereal increases, then, we would see that the demand curve for Trix cereals will shift to the left

Read more about demand curve

<em>brainly.com/question/1979620</em>

7 0
2 years ago
) a substance decays 22ach day. after 7 days, there are 9 milligrams of the substance remaining. how many milligrams were there
mamaluj [8]

A substance decays in 22ach days. after 7 days, there are nine milligrams of the substance last. milligrams had been there to start with:

at the give-up of each day, you are left with (100- 22)% = 7-8%, that is 0.7-8Tim.

To decay is described as to rot, lose strength or become worse. An example of degradation is while old fruit begins to rot. An instance of degradation is whilst a community begins to come to be crime-ridden. A falling into spoil.

a few common synonyms of deterioration are decomposed, putrefy, rot, and spoil. even as these types of words suggest "to go through negative dissolution," decay implies a sluggish exchange from a country of soundness or perfection.

The wooden of the white pine is long-lasting for indoor use, in particular, whilst covered by means of paint, however, while uncovered to moist air it swiftly decays, and it is very prone to dry rot; its miles are said to be excellent while grown on sandy soils.

Learn more about decays here: brainly.com/question/25537936

#SPJ4

7 0
1 year ago
Other questions:
  • Kate recently invested in real estate with the intention of selling the property one year from today. she has modeled the return
    5·1 answer
  • Select the correct items that match the description. Distributions of cash from a corporation to its stockholders. select an app
    11·1 answer
  • Peanuts and soy products are dangerous for people with what condition?
    13·1 answer
  • Cohle Industries has a taxable payroll of $350,000. The company is subject to a 6.2% FUTA tax rate and a 5.4% state contribution
    7·1 answer
  • Sheffield Corporation had net credit sales of $14300000 and cost of goods sold of $9070000 for the year. The average inventory f
    7·2 answers
  • Messing company has an agreement with a third-party credit card company, which calls for cash to be received immediately upon de
    11·1 answer
  • mackenzie burrows $300 000 from the bank on a 30 year mortgage. she is given an interest rate of 5.125% apr. how much in total i
    12·1 answer
  • New parents express concern that, because of the mother’s emergency cesarean birth under general anesthesia, they did not have t
    6·1 answer
  • Marigold Corp. reported sales of $2200000 last year (80000 units at $20 each), when the break-even point was 44000 units. Marigo
    12·1 answer
  • A product with a low level of elasticity of demand has which feature?
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!