Answer: To increase sale by 10%, the seller must lower the price of the good by 12.5%.
Explanation: Price elasticity of demand measures the responsiveness of quantity demanded to a change in the price. Since, demand and price for a normal good are negatively related to each other, price elasticity is also negative. It can be calculated using,
Therefore, to increase sale by 10%, the seller must lower the price of the good by 12.5%.
It gives you more ideas to make the final product better than what it original product
Answer:
A. Offers ways for a firm to realize 1+1 = 3 benefits because the value chains of the different businesses present competitively valuable cross-busniess relationships.
Is a process that take place when a business expands its activities into product lines that are similar to those it currently offers.
<span>The
town of linsberg would be the town that has higher prices and greater
deadweight loss. This decision is plausible since Chuck is the only person in
the town who runs a craft brewery and such exclusivity would mean he can raise
higher prices since no competition is available to haggle prices in order to
get costumers. He would have the greater deadweight loss since there would be a
inefficiency in allocation resources and may cause him to monopolize the
resources and business.</span>
<u>Answer: </u>Option A
<u>Explanation:</u>
The income earned by the individuals after the deduction of tax is known as the disposable income. This disposable income is the income utilized by the households to spend for their living. Disposable income is used in calculation of the economic activities in the country.
Disposable income is also used as the economic indicator in calculating the growth of the country's financial position. It is also utilized in savings for retirement or future savings. It can be calculated as follows:
DPI= Personal Earnings - Income tax paid to the government
