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Semenov [28]
3 years ago
7

The quantity demanded of Blu-ray players increased 9% when the price of DVDs increased 5%. What is the estimated cross-price ela

sticity of demand for Blu-ray players? Round your answer to the nearest hundredth.
Business
1 answer:
Mila [183]3 years ago
8 0

Answer:

cross price elasticity of demand = 1.8

Explanation:

cross price elasticity of demand = % change in quantity of X / % change in price of Y

cross price elasticity of demand = 9% / 5% = 1.8

When the cross price elasticity of demand is positive, it means that the products are substitutes. If the cross price elasticity is negative, then the products are complements.

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In personal selling, a sales representative engages the customer on a one-one conversation in an attempt to persuade them to buy a product or service. The sales person makes us of his or her skill, experience, and abilities to convince the buy the goods or services. Personal selling is also known as face-face selling.

Personal selling requires a sale representative to have good interpersonal skills.  The salesperson will point out at the salient features and benefits in a bid to convince the customer that the product will add value to them. The customers seek as much information as they desire and gets the opportunity to negotiate for better prices.

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4 years ago
True or False. Emulsifying agents are sometimes added to oils for production of cutting fluids, which are to be mixed with water
victus00 [196]

false

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8 0
3 years ago
What are two recent CSR/CSI initiatives of Woolworths​
Anvisha [2.4K]

Answer: Donating food to needy communities, and clothes

Explanation: The fabric of society

7 0
2 years ago
Although you may not have received the e-mail we have been informed that the division head of the Finance Department is leaving
Orlov [11]

Answer:

B.

Explanation:

The sentence is too long and it is missing proper punctuations(like a comma). Reading it without punctuation does not provide room for breathing and therefore needs editing. It will be correct if framed like this; Although you may not have received the e-mail, we have been informed that the division head of the Finance Department is leaving at the end of the month. This sentence has a comma in the right place.

8 0
3 years ago
On February 2, Flint Corp.'s board of directors voted to discontinue operations of its frozen food division and to sell the divi
ikadub [295]

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= Gain from Sales of Asset - Net losses in period

= 90,000 - ( 20,000 + 30,000)

= $40,000

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3 years ago
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