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Troyanec [42]
3 years ago
5

You sell t-shirts in the street corner in order to support some of your tuition costs. Around the middle of the semester, your f

riend Carlos gives you the following advice: "if you increase the price of each t-shirt you sell you will be able to make a lot more money selling your t-shirts". For Carlos to be right, the price elasticity of t-shirts must be price:
a) constant
b) elastic
c) unitary
d) inelastic
Business
1 answer:
Mariana [72]3 years ago
7 0

Answer: (B) Inelastic

Explanation:

 According to the question, when the price of the t-shirt get increased then it generate the high revenue. This result into the decrease in the given quantity and it is smaller change as compared to the change in the price.

This process of the quantity results into the good in the inelastic. Inelastic is the term which is refers to the static quantity of the various types of good and the services and its price are get changed.

Therefore, Option (B) is correct.

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Miley has formal power in the Coffee Lovers, Ltd. organization while Bob has informal power. One of the primary differences betw
kolezko [41]

Answer:

Feb 5, 2019 - A. security B. interpersonal power C. influence D. leadership E. authority. ... Miley has formal power in the Coffee Lovers, Ltd. organization while Bob has informal power. One of the primary differences between Miley and Bob is that Miley has ____ within the organizations while Bob does not. asked Feb 5 ...

Explanation:

5 0
3 years ago
MySpace is a social network that is targeted primarily to people under the age of 25 years old. In 2005, when MySpace was the le
Gnesinka [82]

Answer:

Option C Social Factor.

Explanation:

Social factors includes the people's changing perceptions and preferences. In this case the customers of social networking was highly oriented towards using MySpace and started using Face-book, thereafter Whats-app was also among their priorities, Insta-gram stepped in and we saw a great market share capture by it. So the people preferences changes with time and this is Social factor (PESTLE Analysis).

3 0
3 years ago
Henry is an economist and wants to understand the relationship between inflation and consumer spending habits. For his research,
alexandr402 [8]

Answer:

2014 CPI= 101.5

2013 CPI= 100.8333333

2014 Inflation Rate= 0.66%

Explanation:

Consumer Price Index (CPI):

The index is calculated by taking the price of the basket in one year and dividing it by the price of the basket in another year. This ratio is then multiplied by 100.

Basket Price:

is the sum of the product of the quantitys and prices of the goods thata compose the basket for any given year.

Inflation Rate:

CPI (x+1) - CPI (x)

_____________

CPI (x)

5 0
3 years ago
Brenda is a new employee orientation trainer for a global corporation with subsidiaries all over the world. She needs to convey
iren [92.7K]

Answer:

High context cultures are heavily dependent on non verbal cues and subtle situational cues while communicating with others. In such cultures a person's reputation, prestige, status in society are considerably important.

Explanation:

In high context cultures are complete contrast to low context. In low context cultures, communication takes place clearly through language and rules of communication are clearly stated. While on the other hand in high context cultures, communication is subtle through body language, tone of voice, person's status etc. The use of contextual elements is more.

5 0
3 years ago
During December, Far West Services makes a $2,000 credit sale. The state sales tax rate is 6% and the local sales tax rate is 2.
Leno4ka [110]

Answer:

Total sales tax payable:170, sales :2000

Explanation:

Sale price x sales tax rate = sales tax payable

2000 x .085 (6%+2.5%) = 170

it doesn’t say so I’m assuming that the 2,000 credit sale does NOT include the sales tax due.

3 0
3 years ago
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