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Travka [436]
3 years ago
10

Explain the importance of elasticity​

Business
2 answers:
Georgia [21]3 years ago
8 0
Elasticity of demand can help us decide which prices are suitable for the products we sell. If a price is inelastic even when the price goes up, it tells the business that they can increase the price if they want however if the price is elastic, it will change drastically when prices go up. This means businesses would have to find the equilibrium price where demand and supply meets in the middle.
hope this helps x
erma4kov [3.2K]3 years ago
5 0
Elasticity is important to pricing decisions because it helps us understand whether raising prices or lowering prices will enable us to achieve our pricing objectives.
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In Crane Company, land decreased $154000 because of a cash sale for $154000, the equipment account increased $55000 as a result
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Option (B) The net cash provided by investing activities is $99000 is correct.

<h3>What is net cash?</h3>
  • On a company's financial statements, net cash is a sum that is given.
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<h3>What is cash flow?</h3>
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<h3>Calculation of Net cash provided by investing activities:</h3>

Net cash provided by investing activities = land ($154000 cash inflow) - equipment purchase ($55000 cash outflow) = $99000

Hence, The net cash provided by investing activities is $99000.

Learn more about cash flow here:

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1 year ago
Which of the following positions refers to a functional manager
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Of those listed below, the best example of a pure public good is a. a public school b. a radio broadcast c. a hardcover copy of
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