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Elodia [21]
3 years ago
10

. If the price elasticity of demand for pineapple is 0.75, a 4% increase in the price of pineapple will lead to a A. 3% decrease

in the quantity demanded of pineapple. B. 3% increase in the quantity demanded of pineapple.C. 4% decrease in the quantity demanded of pineapple.D. 3/16% increase in the quantity demanded of pineapple.
Business
2 answers:
Maru [420]3 years ago
8 0

Answer:

The correct option is A: 3% decrease in the quantity demanded of pineapple.

Explanation:

The price elasticity of demand can be calculated by checking the percentage change in the quantity of a product demanded by consumers and divided by the percentage change in the price of the product. Hence, if the price elasticity is 0.75, this means that 0.75*4 = 3

Hence there will be a 3% decrease in the quantity demanded, because as price increases, the quantity demanded decreases when talking about price elasticity of demand.

ludmilkaskok [199]3 years ago
3 0

Answer:

A) 3% decrease in the quantity demanded of pineapple.

Explanation:

We know that the demand curve is negative, which means that as price of a product increases, its demand will decrease.

In unitary elasticity(1) the change in demand means that the change in quantity demanded will be the same. A 0.75 elasticity will thus mean that the quantity demanded will change by a factor of 0.75 as compared to the change in price.  

Therefore when the price of pineapple increases by 4%, the quantity demanded will decrease by 4 * 0.75 = 3%

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Individuals will eventually correct their expectations of the price level. As they do so, prices and
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3 years ago
Trey Morgan is an employee who is paid monthly. For the month of January of the current year, he earned a total of $4,538. The F
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Answer:

$1,027.86

Explanation:

Total Taxes = Federal Income Tax + FICA-SS Tax + FICA-Medicare Tax

Total Taxes = $680.70 + ($4,538.00 × 0.062) + ($4,538.00 × 0.0145)

Total Taxes = $680.70 + $281.36 + $65.80

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Therefore the total amount of taxes withheld from the Trey’s earnings is $1,027.86

5 0
3 years ago
An agreement to purchase goods and services with a specified percentage of proceeds from an original sale in that country from a
gizmo_the_mogwai [7]

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B)an offset.

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4 0
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Mannarelli Corporation uses the FIFO method in its process costing system. Operating data for the Casting Department for the mon
Serjik [45]

Answer:

$ 5.34

Explanation:

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First step is to find the Equivalent units of production

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Therefore The cost per equivalent unit for conversion costs for September is closest to $ 5.34

7 0
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A simultaneous increase in both unemployment and inflation is most likely to be the result of a(n): Group of answer choices decr
sesenic [268]

Answer: Decrease in the short run aggregate supply. increase in long run aggregate supply

Explanation:

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3 years ago
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