Answer:
Lenovo reduced the price of the model by 9% because it is what the calculations of price elasticity and cross price elasticity is telling the company to do.
A negative -12.64 price elasticity of demand means that the quantity demanded for the product falls more than the price rises. For this reason, the company found it necessary to reduce the price, in order to prevent a fall in demand.
A positive cross price elasticity of 9% means that the quantity demanded for this product will increase more than the reduction in price when compared to another product (likely a substitute, for example: a computer produced by another company). For this reason, Levono decided to lower the price, because the loss in revenue from the price reduction will be offset by the higher demand.
Answer:
0.09
Explanation:
speed =d/t
here distance is in cm, so we convert to metres by dividing by 100. 36/100=0.36.
0.36/4=0.09
Therefore speed= 0.09
Answer:
traditional
Explanation:
In a traditional economy they rely on customs, history, and honored beliefs. This sounds like they do the same every year and find pleasure in working for their food and stuff. They can also decide everything they want to sell and the prices for x goods themselfs
Answer: the answer is either b or c :)
Explanation: I hope this helped you out a little bit. <3
Answer:
It wouldn't, it would be hard to recognize people if you can't see their face, it would cause confusions and it kind of removes some of natural rights.
Explanation: