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vazorg [7]
2 years ago
13

If a 30 percent decline in the price of gasoline leads to a 15 percent rise in the quantity of gasoline being bought by consumer

s, the price elasticity of demand for gasoline in this range must be
Business
1 answer:
Andreas93 [3]2 years ago
5 0

Answer: 0.5 making the demand for gas to be inelastic in this range.

Explanation:

The price elasticity of demand is calculated as:

= % change in quantity demanded / % change in price

= 15% / -30%

= -0.5

Based on the above calculation, we can see that the elasticity of demand equals to 0.5. Since, it is less than 1, it is said to be inelastic.

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The Organisation for Economic Co-operation and Development's requirement that personal data collected should be accurate, comple
yaroslaw [1]

Answer:

Data Quality Principle

Explanation:

Collected data is said to be relevant if it is a true representation of real world facts. If it is not then conclusions drawn from it will be incorrect.

Data should be complete, consistent, have integrity, and relevant for a specific use.

For example in marketing, a company uses names and contact information to promote their goods and services. The data needs to be correct and updated for it to be useful. Assume a customer has changed his address and phone number, and these were not updated. It will be difficult for the company to conduct business with him.

4 0
2 years ago
A firm receives the proceeds from the sale of its securities in the _________________ market. over-the-counter secondary New Yor
harkovskaia [24]

In the stock exchange market, a firm does receives the proceeds from the sale of its securities in the primary market.

<h3>What is primary market in stock exchange market?</h3>

Basically, the primary market is the market where securities are created and sold to the public by various firms.

In this market, different firm sells new stocks, bonds etc to the public for the first time.

In conclusion, in the stock exchange market, a firm does receives the proceeds from the sale of its securities in the primary market.

Read more about primary market

<em>brainly.com/question/3904762</em>

8 0
2 years ago
Business professionals value workplace relationships and professional behavior; therefore, it is vital to understand the charact
____ [38]

Answer: <em>Polish, Civility and Social Intelligence </em>

Explanation:

The following are the synonyms for the professional behavior: Civility, Polish and Social Intelligence. Social intelligence is referred to as or known as the capacity of an individual to know himself/herself and other individual.  Civility is referred or as known as the civilized conduct  i.e. considered to be a polite act or an expression .

6 0
2 years ago
Explain the holistic marketing dimensions in details using the examples of ‘Nestle Bangladesh
Marysya12 [62]
Drinking from a fresh water bottle in dimensions
7 0
3 years ago
Normand Corporation uses the FIFO method in its process costing system. Data concerning the first processing department for the
QveST [7]

Answer:

total equivalent units for materials = 6,310

Explanation:

700 units in beginning work in process:

  • materials: 70% complete, $8,700, completed 490 equivalent units, not completed 210 units
  • conversion: 10% complete, $3,700

units started in to production 6,400

units transferred out 5,600

ending work in process 1,500

  • materials: 80% complete, completed 1,200 equivalent units for materials
  • conversion: 25% complete

materials added $92,200

conversion costs added $269,600

equivalent units for materials:

  • beginning WIP equivalent units to be completed = 210
  • units started and completed = 5,600 - 700 = 4,900
  • ending WIP = 1,200 equivalent units
  • total equivalent units for materials = 6,310
4 0
3 years ago
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