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vichka [17]
2 years ago
8

A 2 percent increase in the price of milk causes a 6 percent reduction in the quantity demanded of chocolate syrup. What is the

cross-price elasticity of demand for chocolate syrup with respect to the price of milk?
Business
1 answer:
scoray [572]2 years ago
7 0

Answer: the cross-price of elasticity of demand for chocolate syrup with respect to the price of milk would be :

e = % ΔQ chocolate syrup / %ΔP of milk

e = -4% / 2%

e = -2 %

Explanation:

You might be interested in
At December 31, 2019, Sharon Lee Corporation reported current assets of $343,980 and current liabilities of $196,600. The follow
gtnhenbr [62]

Answer:

1.97 times

Explanation:

The formula to compute the current ratio is shown below:

Current ratio = Total Current assets ÷ total current liabilities

Current ratio before any adjustment is shown below:

So, current ratio = $343,980 ÷ 196,600 = 1.75 times

Current ratio after  adjustments are shown below:

Current assets = Before adjustment balance + goods purchased costing - physical count of inventory + freight-in charges

= $343,980 + $20,440 - 11,890 + 3,040

= $355,570

Current liabilities = Before adjustment balance - goods not received

                            = $196,600 - $15,950

                            = $180,650

So, the current ratio would be

= $355,570 ÷ $180,650

= 1.97 times

3 0
3 years ago
Andy has been working at Aerial Corp. for a long time. He feels he is hard working and that he deserves a pay hike. He seeks a m
Norma-Jean [14]

Answer:

C) ​The chronological context

Explanation:

Chronological context refers to time related factors that affects affects communication. The effect could be favourable or unfavourable.

In this scenario because Andy had worked for a long time and he feels he is hard working, he feels he deserves a pay raise.

His need for a pay raise is time based. It is initiated by his length of service in the company. So this is a chronological context in which a time based factor affects communication between Andy and Anna.

4 0
3 years ago
Read 2 more answers
Common Law is?
Alborosie

Answer:

hope this helps uuuuu.......

Explanation:

D........A complete set...

3 0
3 years ago
A firm practicing third-degree price discrimination may:
nata0808 [166]

Answer:

(B) I and II 

Explanation:

Price discrimination is when a producer charges different prices for his good or service.

Third degree price discrimination is when consumers are charged different prices for the same good due to certain factors. E.g. age, gender, location.

Second degree price discrimination is when consumers who buy in bulk are given discounts.

First price discrimination is when consumers are charged different prices according to their willingness to pay. Example of first price discrimination is initially charging high prices and then reducing the price over time to sell to the more price-sensitive consumers. 

I hope my answer helps you.

6 0
3 years ago
Mr. And mrs. Atoll are planning a party for 10 people and want to make sure they have enough soda for everyone to have two bottl
melomori [17]

The option that makes the most sense for the party by Mr and Mrs Atoll is one case of 24 sodas at $18.50.

<h3>Why this option is the cheapest</h3>

The reason for this is that given the guests they are entertaining, this option is the most cheapest and effective.

How to calculate for the way that the drink would go round

a. Each bottle is $1.5. Two bottles for 1 = 1.5x2 = 3 dollars

b. six packs at 5$. One= $0.88

c. A case of 24 sodas at $18.5. one soda is going to be  18.5/24 = $0.77

d. Two cases of 24 soda at 18.5 = $1.54

Given the calculations that have been done above, option c at $0.77 is the cheapest. It would require them to send the less money in getting sodas that would go round twice for 10 people.

Read more on the economy here: brainly.com/question/1106682

5 0
2 years ago
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