A video store owner noticed a 5% drop in rentals of DVDs after raising her prices 10%. Are DVD rentals

Physics

1 answer:

lukranit [14]3 years ago

8 0

Answer:

Inelastic

Explanation:

The price elasticity of demand is the degree of responsiveness of demand for a product or service to a unit change in price. The demand for a product is said to be elastic when a change in price has a relatively large effect on the demand for the product, unitary when there is a percentage change in price brings about an equal percentage change in the demand for the product, and inelastic when a change in the price of a product brings about a smaller change in the demand for the product.

<em>In the case of the DVD rentals, a 10% increase in price brought about only a 5% drop in demand. Hence, the demand for DVD rentals is said to be inelastic because a change in the price brought about a smaller change in the demand for DVD rentals.</em>

You might be interested in

Explain using physics vocabulary WHY the volume increases as the temperature increases.

Sveta_85 [38]

Answer:

P V = n R T ideal gas equation

V = k T where k = a constant and equals k = n R / P

V is proportional to T when other factors are constant

4 0

2 years ago

The energy stored in a wooden log transforms when the log is burned. Which of the following explanations BEST describes how the

Makovka662 [10]

Answer:

D. the amount of chemical energy equals the amount of heat and light energy.

Explanation:

Given that the first law of thermodynamics affirmed that energy is neither created nor destroyed however, it can be transformed from one form to another. In other words, while, during the transformation of energy, no energy is lost, the input energy is also equal to output energy.

Hence, the chemical energy stored in the log is EQUAL to the heat and light energy produced by burning.

5 0

3 years ago

If the weight of displaced liquid and the weight of an object are the same, the object will:

liberstina [14]

Answer:

Explanation:

I think but if I'm wrong I'm sorry

8 0

3 years ago

Read 2 more answers

What is superstring theory?

Stels [109]

Superstring theory is an attempt to explain all of the particles and fundamental forces of nature in one theory by modeling them as vibrations of tiny supersymmetric strings.

4 0

3 years ago

The uniform rods AB and BC weigh 24 ky and kg, respectively,and the small wheel at C is of negligible weight. If the wheel ismov

victus00 [196]

The velocity of pin B after rod AB has rotated through 90* is vb = 3.2549 m/s.

<h3>What is Potential and Kinetic energy?</h3>

Potential energy is the energy that is stored in any item or system as a result of its location or component arrangement. The environment outside of the object or system, such as air or height, has no impact on it. In contrast, kinetic energy refers to the energy of moving particles inside a system or an item.

mass of rod, mab = 2.4kg

mass of rod, mbc = 4kg

conservation of energy

$T_{1} + V_{1} = T_{2} + V_{2}$