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
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.

You might be interested in
The objective of _____ is to build sales, market share, and profits quickly by providing an incentive to purchase the product im
3241004551 [841]

Answer: Market Penetration Pricing.

Explanation:

MPP, Market Penetration Pricing is a where a company uses a strategy to attract customers to their product. Which also means lowing the price for customers to buy their products.

When lowing a price: This strategy is used to attract customers, they buy their product - then if they like it they will keep buying it even if the price is raised. This is a common strategy for tons of company brands.

6 0
3 years ago
Which phrase best describes the purpose of a slide master? Check all that apply.
Ksju [112]

Answer: to establish the layout of all slides, or a group of slides, in a presentation.

to determine the theme of all slides, or a group of slides, in a presentation.

to allow users to apply changes in layout or theme to an entire presentation.

Explanation:

It should be noted that the Slide Master refers to the top slide which controls the information regarding the background, fonts, theme, layout, and color of all the slides in Microsoft PowerPoint.

The phrase best describes the purpose of a slide master include:

• to establish the layout of all slides, or a group of slides, in a presentation.

• to determine the theme of all slides, or a group of slides, in a presentation.

• to allow users to apply changes in layout or theme to an entire presentation.

Therefore, the correct options are C, D and F.

8 0
2 years ago
Experienced trainers prepare a complete set of notes that they read to trainees to make sure that no important material is omitt
Cloud [144]
<span>FALSE. The trainer should write notes as Bullet points to ensure nothing is skipped and he/she stays on task. Star the most important bullet points to be sure each trainee understands what is being taught. Notes could also include hand out sheets to give to trainees.</span>
4 0
3 years ago
Which of the following individuals has enrolled in a plan on a fixed income
ahrayia [7]

Fixed income gives a steady of income to the individual.

<h3>What is a fixed income?</h3>

The complete question wasn't found online. An overview was given as the complete information wasn't found.

It should be noted that a fixed income means an investment approach that is focused on presentation of capital and income.

The examples of fixed income include municipal bonds, certificate of deposit, etc.

It should be noted that fixed income orders a steady stream of income with less risk.

Learn more about income on:

brainly.com/question/2021736

#SPJ1

5 0
2 years ago
Internal recruitment may be practiced in companies today. TRUE OR FALSE​
alexandr1967 [171]
True!.................
6 0
2 years ago
Other questions:
  • If household wealth falls by 5 percent because of declining house values, and the real interest rate falls by 2 percentage point
    7·1 answer
  • Which of the following might help to solve a free-rider problem? Select all that apply:
    15·1 answer
  • You plan to work for 40 years and then retire using a 25-year annuity. You want to arrange a retirement income of $4500 per mont
    5·1 answer
  • Stanley purchases nonresidential real property costing $300,000 and places it in service in March 2018. What is Stanley's 2019 d
    7·1 answer
  • A debit balance in Allowance for Doubtful Accounts a. is the normal balance for that account b. cannot occur if the percentage o
    14·1 answer
  • 3. What type of risk is relevant for determining the expected return?
    7·1 answer
  • The Baldwin company will sell 100 units (x1000) of capacity from their Buddy product line. Each unit of capacity is worth $6 plu
    8·1 answer
  • Burns Corporation's net income last year was $99,200. Changes in the company's balance sheet accounts for the year appear below:
    12·1 answer
  • g If the price level rises and the money wage rate stays the same, what effect will this have upon labor demanded and production
    5·1 answer
  • In deciding on a legal form of organization, you should ask yourself all of the following questions except______________
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!