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3 years ago

8

Why do starbucks customer at busy downtown locations in major cities pay more for a cup of coffee than they would at less busy l

ocations?

1 answer:

user100 [1]3 years ago

7 0

Hey You! Here's The Answer:

They are willing to pay more for the convenience of the Starbucks' location.

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The formula for the cross-price elasticity of demand is percentage change in rev: Multiple Choice quantity demanded of B/percent

seropon [69]

Answer:

Quantity demanded of B/percentage change in price of A.

Explanation:

Cross price elasticity of demand is calculated as follows:

= Percentage change in quantity demanded for Good B ÷ Percentage change in price of good A

Cross price elasticity of demand is positive for the substitute goods and negative for the complimentary goods.

For Substitute goods:

It states that there is a positive relationship between the price of a good and the quantity demanded for its substitute goods.

For complimentary goods:

It states that there is an inverse or negative relationship between the price of a good and the quantity demanded for its complimentary goods.

3 0

3 years ago

I WILL MARK THE BRAINLIST IF ANSWERED :)

Mazyrski [523]

Answer:

it would be A the two forms are: Partnership & Corporation

Explanation:

please give me brainlist, like you said

5 0

2 years ago

The balance of Chiaki's average balance checking account at the beginning of the last cycle was $100, and the only transaction f

Ne4ueva [31]

The correct answer is $90

3 0

3 years ago

Read 2 more answers

Consider two neighboring island countries called Bellissima and Dolorium. They each have 4 million labor hours available per wee

liubo4ka [24]

Answer:

Bellisima's opportunity cost:

Production of corn per million hours of labor = 8 / 16 = 0.5 pairs of jeans
Production of jeans per million hours of labor = 16 / 8 = 2 bushels of rye

Dolorium's opportunity cost:

Production of corn per million hours of labor = 5 / 20 = 0.25 pairs of jeans
Production of jeans per million hours of labor = 20 / 5 = 4 bushels of rye

Dolorium has a comparative advantage int he production of rye while Bellisima has a comparative advantage in the production of jeans.

If both countries specialize:

Dolorium will produce 80 million bushels of rye.
Bellisima will produce 32 million pairs of jeans.

Total production of rye has increased by 12 million bushels.

Total production of jeans has increased by 9 million pairs.

6 0

3 years ago

An increase in the price of cheese crackers from $2.25 to $2.45 per box causes suppliers of cheese crackers to increase their qu

Juliette [100K]

Answer:

The correct answer is C) "elastic, and the price elasticity of supply is 1.74"

Explanation:

Formula:

( (Qf - Qi) ÷ ((Qf + Qi) ÷ 2) ) ÷ ( (Pf - Pi) ÷ ((Pf + Pi) ÷ 2) )

Quantity Price

Lets remplace:

Qi = Initial Quantity = 125 boxes

Qf = Final Quantity = 145 boxes

Pi = Initial Price = $2.25

Pf= Final Price = $2.45

Quantity Price

(145 - 125) ÷ ((145 + 125) ÷ 2) ÷ (2.45-2.25) ÷ ((2.45+2.25)÷ 2)

= (20) ÷ (270÷ 2) = (0.2) ÷ (4.7 ÷ 2)

= 20 ÷ 135 = 0.2 ÷ 2.35

= 0.148 = 0.085

Finally: we divide the result of quantity into the result of price

= 0.148 ÷ 0.085

= 1.74

To classify into elastic or inelastic:

When Pes > 1, then supply is price elastic

When Pes < 1, then supply is price inelastic

When Pes = 0, supply is perfectly inelastic

Answer: <em>Elastic, and the price elasticity of supply is 1.74</em>

4 0

3 years ago