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IrinaK [193]
3 years ago
13

Currently, the price of good W is $50 and the quantity demanded is 35,000 units. In past studies, the price elasticity of demand

for W was found to be -0.25. If the price of W is expected to increase to $60, calculate the resulting expected number of units that will be demanded.
Business
1 answer:
Crazy boy [7]3 years ago
6 0

The resulting change in the quantity demanded is a five percent decrease.

<h3>What is the elasticity of demand?</h3>

Elasticity of demand measures the percentage change in quantity demanded in relation to the percentage change in price.

Elasticity of demand = percentage change in quantity demanded /  percentage change in price.

percentage change in price = ($60 / $50) - 1 = 0.2 = 20%

percentage change in quantity demanded = -0.25 x 20% = -5%

To learn more about price elasticity of demand, please check: brainly.com/question/18850846

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What can communicators do to ensure facts, rather than vague impressions, are shared?
mars1129 [50]

I believe the answer is: Use concrete language with specific detail

Concrete language refers to a form of language that give clear understanding regarding the content of the message to the audiences. Expert communicators tend to do this by making sure that the term or lingo that they use is appropriate and could easily be received by the audiences.

7 0
4 years ago
Which statement is TRUE regarding a 28-year old woman who inherits he grandfather's IRA? A. She may delay distributions until sh
frosja888 [35]

Answer:

C. She may receive distributions over her expected life

Explanation:

The deal that derives that if there is one inherits so IRA could be inherited from the spouse. In this case, the fund would remain in the IRA with no tax outstanding unless the spouse continues for taking the distributions it could be started by age 70 and half.

If we skip the given away option that implies the transfer the IRA in a Beneficiary Distribution Account. Also the distributions arise when there is a depletion over the five years

Since she is 28 years old so the expected life is for another 50 + years or more so it decreases the needed yearly distribution

Therefore the option C is correct

5 0
3 years ago
Resource pricing is important because:
Marysya12 [62]

Resource pricing is important because resource prices are a major determinant of money incomes.

The greater the call for, the higher the charge, and vice versa. when demand is excessive, only the companies willing to pay the fee get the resources, and they will best be able to afford the sources via generating worthwhile products or services that clients are inclined to pay better expenses for.

The pricing of natural resources at stages that reflect their blended economic values and environmental values.

Adjustments in useful resource fees have an effect on the price of manufacturing. A higher price approach higher price and a decreased price method lower the cost. changes in manufacturing fees then affect the prices that dealers are willing to just accept to promote goods and services, which in the end influences the general rate level.

Learn more about Resource pricing here: brainly.com/question/24266033

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8 0
2 years ago
Brewery Company’s debt to Credit Service is past due. Credit obtains a judgment against Brewery, but the firm refuses to pay. Cr
aivan3 [116]

Answer:

mechanic's lien

Explanation:

From the question we are informed about how Brewery Company’s debt to Credit Service is past due. Credit obtains a judgment against Brewery, but the firm refuses to pay. Credit asks the court to order the seizure of Brewery’s property. In this case, This is a request for mechanic's lien.

Mechanic's lien can be regarded as security interest as regards title of a particular property, this is for the gains of everyone that are involved in supplier of labor as well as materials for the improvement of the property. The lien covers the real property as well as personal property. Mechanic's lien can be regarded as guarantee of payment for contractors as well as construction firms that are involved in building or repairing of structures.

5 0
3 years ago
Assets are a.equal to liabilities less stockholders' equity b.always lower than liabilities c.financed by the stockholders and/o
Kazeer [188]

Answer:

The answer is C.

Explanation:

Assets of a company or firm is the addition of both liabilities and shareholders' equity.

The capital structure of a company mostly comprises debt and equity i.e it is either financed by debt (short-term and long-term debt) and equity (contribution from its owners).

Option A is not correct. That term is for shareholders' equity and not for asset.

Option B is not correct because either asset or liability can be lower or higher.

3 0
3 years ago
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