In order to reduce the Juuling by 20%, price would have to rise by 50%.
<h3>What is price elasticity of demand?</h3>
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
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.
<h3>What should be the percentage rise in price?</h3>
0.4 = 20%/ price
price = 20% / 0.4
= 50%
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Answer:
Screening and evaluation
Explanation:
The seven steps in the new product development process are:
- New-product strategy development
- Idea Generation
- Screening and evaluation
: at this stage, ideas are filtered and funneled and you must separate only those truly worth pursuing.
- Business analysis
- Technical Development
- Market Testing
- Commercialization
Answer:
A capitalist economy always gravitates toward high levels of employment.
Explanation:
John Maynard Keynes
This is a man commonly known as an English economist. He was known to be the one wrote a book called "The General Theory of Employment, Interest, and Money" in 1883-1946. It is said that he was most famous for The General Theory of Employment, Interest and Money in 1936. He was known to argued that the best way to deal with prolonged recessions was deficit spending. It was documented that He believed in free market and he is known as the father of modern economics.
The General Theory of Employment, Interest and Money by John Maynard Keynes (1936)
This is said to explains Keynes' theory which was that government deficit spending will help distribute or circulate money, create jobs and promote demand for products.
Answer:
Gathering and Tracking the Unique Data
Explanation:
The answer is b. bleach. Hope this helps!
