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sesenic [268]
2 years ago
8

The price of a good rises from $4.00 to $4.50, and as a result, total revenue falls from

Business
1 answer:
jenyasd209 [6]2 years ago
4 0

Answer:

elastic, and decreasing

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At a price of $200, a cell phone company manufactures 100000 phones. At a price of $300, the company produces 300000 phones. Wha
valkas [14]

Answer:

2.5

Explanation:

P1=$200

P2=$300

S1=100000

S2=300000

The percentage change in price is:

\Delta P =\frac{300-200}{\frac{200+300}{2}}=0.4=40\%

The percentage change in supply is:

\Delta S =\frac{300000-100000}{\frac{100000+300000}{2}}=1=100\%

The price elasticity of supply is given by:

E=\frac{\Delta S}{\Delta P}=\frac{100\%}{40\%}=2.5

The price elasticity of supply is 2.5.

4 0
3 years ago
When required reserves exceed actual reserves, commercial banks will be forced to have borrowers:?
torisob [31]

Repay loans so that the bank can get it reserves back up to the required level

6 0
3 years ago
Suppose that in a month the price of movie rentals decreases from​ $3.25 to​ $3. At the same​ time, the quantity of movie rental
Sergeeva-Olga [200]

Answer:

The correct answer is option a.

Explanation:

The initial price of movie rentals is $3.25.

The initial quantity is 100.

The price falls to $3.

This causes demand to rise to 120.

The price elasticity of demand a ratio of change in quantity demanded to change in price level.

The elasticity is calculated at -2.25, through the process given in images.

The price elasticity of demand here is greater than 1 which means it is elastic.

So, option a is the correct answer.

4 0
3 years ago
Alan and Desmond have set up a law business in a high–priced office. Which type of business do they have?
san4es73 [151]
<span>It depends on their agreement. It could be a general partnership or a limited partnership. One could be an investor and one runs the business day to day.</span>
8 0
3 years ago
Read 2 more answers
Why did Milan say that he does not like to interview potential employees?
Aneli [31]
It’s the second one,about not being able to see someone’s work-ethic
8 0
2 years ago
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