The elasticity of demand for a good is –0.75. A 4% increase in price will cause a:______.
A) 3% iecrease in quantity demanded.B) 5.33% decrease in quantity demanded.C) 5.33% increase in quantity demanded.D) 0.19% decrease in quantity demanded.

Answers

Answer 1

Answer:

A) 3% decrease in quantity demanded.

Explanation:

As we know that

The price elasticity of demand is

= Percentage Change in quantity demanded ÷ Percentage change in price

Since the elasticity of demand is -0.75

And, there is a price of 4%

Since, the price elasticity of demand is in negative that means the quantity demanded is decreased by 3% that comes from

= 4% × - 0.75

= -3%

Hence, the first option is correct


Related Questions

If the price of a product is $20, marginal analysis says which of the following
must be true in order for a consumer to purchase the product?

Answers

Answer:

MB exceeds $20

Explanation:

Hibiscus Co has a debt-equity ratio of 0.80. The firm is analyzing a new project which requires an initial cash outlay of $300,000 for new equipment. The flotation cost for new equity is 9% and for debt 4.95%. What is the initial cost of the project including the flotation costs?

Answers

Answer:

$321,600

Explanation:

debt equity ratio = debt / equity

since the debt to equity is 0.8, that means that for every $ invested from equity, $0.80 will be borrowed. If the new project requires an initial cash outlay of $300,000:

then $300,000 / $1.80 = $166,667 will be new equity and $133,333 will be new debt

total cost of initial outlay including flotation costs = ($166,667 x 1.09) + ($133,333 x 1.0495) = $181,667 +  $139,933 = $321,600

flotation costs include all the costs associated with issuing new stocks or taking new debt.

can you ask the owner of brainly if he could give me $100,000 this is not a prank

Answers

Answer:

Im pretty sure they can't do that

Explanation:

Because its a learning app not a money making app.

Which of the following is the best definition of a bit?

A. A measure of computer graphics and sound

B. A physical signal that becomes a digital signal

C. single 1 or 0 in a digital signal

D. An electrical signal in a wire

Answers

Answer: A single 1 or 0 in a digital signal

A measure of computer graphics and sound is the best definition of a bit.

Which of the following is the best definition of bit?

A bit (binary digit) is the smallest unit of statistics that a laptop can system and keep. A bit is always in one in all two bodily states, just like an on/off light transfer. The state is represented by a single binary price, typically a zero or 1.

Which of the subsequent is the best definition of a modern-day laptop?

A pc is a device or tool that plays techniques, calculations, and operations based totally on commands furnished with the aid of a software or hardware program. It has the ability to simply accept facts (input), manner it, after which produce outputs.

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What is the difference between Product
Markets & Factor Markets?

Answers

Answer:

The primary difference between product markets and factor markets is that factors of production like labor and capital are part of factor markets and product markets are markets for goods. ... Anything used in making a finished product—labor, raw materials, capital, and land—make up a factor market.

Hope it helps you⚛☸.

Thanks....

Both Coca Cola and Benetton are global enterprises. Conduct online research and answer the following questions: What characteristics do these two firms display that qualify them as global enterprises?

Answers

Answer: here’s a photo of sample answer

Explanation:

Answer:

Both companies (Coca Cola and Benetton) registered as corporations, and both have a worldwide footprint across a number of countries. Both companies registered under the Companies Act of the respective countries in which they maintain a presence, and both abide by the laws and regulations of each nation.The companies operate on a large scale with huge investments in research and development, machinery, plants, and capital. They have numerous business functions that include marketing, manufacturing, market research, advertising, finance, and many more. They simultaneously work toward their core missions of generating profits, satisfying the needs of their customers, and continuously expanding their presence in current business markets and additional nations. They both raise capital from stock exchange markets.Both firms provide employment opportunities in their host nations and provide good quality products at moderate local rates. They also help in transferring resources such as raw materials and technology from advanced nations to the nations in which they operate.

Explanation:

Exxon, an energy company, thinks demand for oil, gas, and coal will increase for the foreseeable future, meaning 20-30 years. But they are hedging that bet by investing in small biofuels projects. This is called

Answers

Answer:

Forecasting

Explanation:

Forecasting is the way by which businesses predict future economic conditions by using past information and present economic situation to make informed guess about the future.

Forecasting is used by businesses to develop strategies that will ensure their future profitability.

In this instance Exxon predicted demand for oil, gas, and coal will increase for the foreseeable future of 20 to 30 years.

However their present activity is investment I sample biofuel projects.

This is forecasting the trend of demand in the oil and gas industry.

Which of the following is an example of the ethical issue of gift-giving in the
health care industry?

Answers

Answer:

Patient Privacy and Confidentiality. The protection of private patient information is one of the most important ethical and legal issues in the field of healthcare. ...

Transmission of Diseases. ...

Relationships. ...

End-of-Life Issues

etc.

Answer:

A doctor prescribes medication to patients after the pharmaceutical company present tickets to a basketball game to the doctor.

Explanation:

good luck with your homework <3

A dometic firm may decide to contract for the production of its goods by established foreign manufacturer. Such pricate-label manufacturing by a foreign company is called

Answers

Answer:

Contract manufacturing.

Explanation:

A domestic firm may decide to contract for the production of its goods by established foreign manufacturer. Such private-label manufacturing by a foreign company is called contract manufacturing.

Contract manufacturing involves the process of outsourcing a company's manufacturing business, such that a foreign company engages in the production of a private-label product which are then primarily marketed or distributed by a domestic company under its own brand name.

This ultimately implies that, it is a manufacturing process which involves the production of goods by a company under the brand name of another company.

Customers can be internal or external to an organization.

O False O True​

Answers

Answer:

true

Explanation:

Customers can be either internal or external to an organization. Hence the given statement is true.

Internal customers are people or divisions within the same company who purchase goods, services, or information from other people or divisions within the company. As an illustration, as part of the internal workflow, many divisions inside a firm could offer services or transport goods to one another.

On the other hand, external clients are people or organizations that do business with the organization but do so on an unofficial basis. These could be people, other companies, clients, consumers, or any other parties that interact with the organization's goods or services on a non-internal basis.

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You are a manager for an office supply company. Your son needs supplies for a science project due by the end of the week. It will be another week before you get paid. What should you do?

Answers

Answer:

register this as a credit transaction waiting for payment processing

Explanation:

The best thing to do in this scenario would be to take the supplies and register this as a credit transaction waiting for payment processing. That way there is a financial journal entry stating where the supplies went and that they are not missing. Then when you get paid next week you can simply pay for the supplies and change the transaction as completed/paid.

Differentiate between generic and enterprise competition

Answers

Answer:

Generic competition is competition among different products that solve the same purpose while enterprise competition is am orderly established business with limited liability of another person. The main difference between the two is that generic is rivalry among similar businesses while enterprise is the company itself.

Differences between generic and enterprise competition

Generic competition is regarded as the third level of competition while enterprise competition is not among the level of competition but it does existGeneric competition are often longer-term and focuses on substitutable product categories that is it exists between business product while Competitive Enterprise is simply a type of competition that exist been enterprise

For better understanding, lets explain what Differences between generic and enterprise competition

Generic competition is a type of competition that is outward-oriented and focuse on products. the market that exists here consists of those products and services fulfilling the same customer need

Competitive Enterprise is simply when an existing or planned business enterprise are involved or engages in any activity and also owns or controls some a useful interest and are involved in any activity that tends to competes or will compete with other enterprise

From the above, we can therefore say that the answer

Differences between generic and enterprise competition

Generic competition is regarded as the third level of competition while enterprise competition is not among the level of competition but it does existGeneric competition are often longer-term and focuses on substitutable product categories that is it exists between business product while Competitive Enterprise is simply a type of competition that exist been enterprise

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These hotels are cater primarily to ___________ travelers.

Answers

answer

Resort hotels cater primarily to leisure travelers. The rack rate refers to the lowest price a hotel will charge for a room. Usually, the better the hotel's location, the higher the price.

According to the video, which workers traditionally become Construction Managers?
help plsssssssssssssssssssssssssss

Answers

Answer:

A is the answer

Answer:

the answer is construction craftspeople with many years of experience

Explanation:

help picking brainliest! What is accrued interest?
A.
the interest that has been added to the principal
B.
the borrowed amount
C.
the interest rate that has been agreed upon
D.
the fluctuation in interest rate based on time

Answers

Answer:

A

Explanation:

Answer:

the interest that has been added to the principal

Explanation:

Im going to skyveiw!!!??

Answers

that is so cool! good for you

In a market system the allocation of scarce goods involves the consideration of:_____.
a. what must be sacrificed in using a resource for its next-best use.
b. identifying the possibility of professional advancement.
c. the time required to pursue an economic activity.
d. the dollar cost of any good or service.

Answers

Answer:

a. what must be sacrificed in using a resource for its next-best use

Explanation:

The distribution of the scare resources or goods in the market system could consist of the consideration that could be sacrificing of a resource for the best use in the next time

So here in the given situation, the option A is correct as it fits to the given scenario and all the other options that are given are to be ignored as they are not relevant

Therefore the correct option is A.

1. Imagine that you are considering expanding and diversifying your tech business into international

markets. Before you decide to make this shift in your company, you want to weigh the advantages

and disadvantages of international trade. Identify and analyze several advantages and several

disadvantages that you would consider and explore how international trade may impact the

decisions that you make for your business. Explain. Then discuss the impact of cultural and social

environments on global trade.

Answers

Answer:

A good way to determine if expanding the business into international trade is to use a tool to analyze the international enviroment.

The tool that can be used is PESTEL, which is an accronym for Political, Economical, Social, Technological, Enviromental, and Legal factors.

To complete a Pestel, the strategist of the company simply has to add the relevant factors related to the external enviroment in each one of the six cateogories.

Like this, the strategist can analyze the international enviroment, in order to determine whether it is advisable to expand the technological business or not.

Which element of a business does the following statement represent?

“Hire new resources for Sales team”

Answers

Answer:

Objective

Explanation:

Which of the following is part of the cost of goods or services sold for a company that paints people's homes?
A. Paint
B. Flyers to promote the company
C. A van to travel to people's homes
D. Fuel for the van

Answers

Answer:

A. Paint

Explanation:

Paint is a part of the cost of goods or services sold for a company that paints people's homes. Thus, the correct option is A). Paint.

What is the cost of goods sold?

COGS stands for the Cost of Goods Sold. Cost of goods sold refers to the direct costs of producing the goods sold by a company. It is the total amount or cost that is incurred in the production of the goods. The sum of amount that a business paid as a cost directly related to the sale of products, is known as COGS.

Cost of goods sold is the total carrying value of goods sold during a particular period. This amount mainly includes the cost of the material, labor, machinery etc. that are directly used to create the good. It also includes the indirect cost such as marketing cost, distribution cost, sales cost etc.

Basically, cost of goods sold can be calculated by the given formula i.e. COGS = the starting inventory + purchasesending inventory.

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what is dismissal in business?​

Answers

Answer:

A dismissal is when you end an employer's contract, with or without notice. Dismissal from work also occurs when an employee's fixed-term contract expires and you choose not to renew it. When should I dismiss someone?

The tax rates for a particular year are shown below: Taxable Income Tax Rate $0 – 50,000 15 % 50,001 – 75,000 25 % 75,001 – 100,000 34 % 100,001 – 335,000 39 % What is the average tax rate for a firm with taxable income of $130,513?

Answers

Answer:

The average tax rate is 26.17%

Explanation:

The computation of the average tax rate having the taxable income is $130,513 is shown below:

$50,000 × 0.15 = $7,500

$25,000 × 0.25 = $6,250

$25,000 × 0.34 = $8,500

$30,513 × 0.39 = $11,900.07

Tax amount is $34,150.07

Now the average tax rate is

= Tax amount ÷ taxable income × 100

= $34,150.07 ÷ $130,513 × 100

= 26.17%

Hence, the average tax rate is 26.17%

4) Tye-Dye Sports manufactures custom long boards and has fixed costs of $945.00 per week and total costs of $8070.00 if the weekly output is 15 boards.a) Write the equation for the cost function, C(x). x is the number of long boards.b) If the boards sell for $546.00 a piece, write the equation for the revenue function, R(x).c) Write the profit function, P(x).d) How many long boards will the company need to manufacture and sell each week to break even?

Answers

Answer:

Tye-Dye Sports

a) Cost function, C(x) = $475x + $945 = $8,070

b) Revenue function, R(x) = $546x

c) Profit function, P(x) = R(x) - C(x)

d) To break-even, Fixed cost/Contribution per unit

= 13.3 or 14

Explanation:

a) Data and Calculations:

Fixed costs = $945 per week

Total costs = $8,070 per week

Production units = 15 boards per week

Variable costs = Total costs minus fixed costs

= $7,125 ($8,070 - 945)

Variable cost per unit = $7,125/15 = $475

Cost function, C(x) = $475x + $945 = $8,070

Revenue function, R(x) = $546x

Profit function, P(x) = R(x) - C(x)

= $546x - ($475x + $945)

Contribution per unit = $546 - $475 = $71

To break-even, Fixed cost/Contribution per unit

= $945/$71 = 13.3 or 14

__________ showed that people learn to behave in certain ways because of reinforcement. A. John B. Watson B. B. F. Skinner C. William James D. Sigmund Freud Please select the best answer from the choices provided

Answers

Answer:

The answer is B.F. Skinner.  

Explanation:

B.F. Skinner showed that people learn to behave in certain ways because of reinforcement. He is considered the father of this theory. Conversely, Sigmund Freud proposed classical conditioning.

B. F. Skinner howed that people learn to behave in certain ways because of reinforcement. According to research by B.F. Skinner, reinforcement is the reason why people learn particular behaviours. He is regarded as the originator of this theory. Sigmund Freud, on the other hand, advocated classical conditioning. Hence, option B is correct.

What is BF Skinner most famous for?

BF Skinner, The foundation of B.F. Skinner's theory, is the idea that learning is a result of altering overt behaviour. A person's response to external circumstances leads to changes in behaviour.

The effect of American psychologist B. F. Skinner on behaviourism is well acknowledged. Free will is essentially only an illusion, according to Skinner, who referred to his own philosophy as "radical behaviourism.

Thus, option B is correct.

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Which of the following techniques helps a company learn more about its target market?
1. Market research
2. Publicity
3. Personal selling
4. Market segmentation

Answers

Answer:

Market research

Explanation:

What does health insurance cover? If you pass will they help with funeral cost?

Answers

Actually I’m pretty sure funeral insurance and health insurance are two totally separate types of insurance.

Answer:

Funeral or bereavement expenses aren't considered medical expenses and can't be paid for using funds from a Medical Savings Account plan. 

When making a decision, you decide that the expected benefits of your choice outweigh the expected benefits of all other options. This describes the _________________ of your decision.

Answers

Answer:

The right solution will be "trade-offs".

Explanation:

An exploration of trade-offs is a way of choosing between opposing alternatives. Even though unofficial market experiments are often conducted essentially by logically evaluating options and making an informed decision, systematic trade experiments become beneficial in refining and reasserting opinions as well as eliminating prejudice from the course of action.

Answer:

trade offs

Explanation:

An exploration of trade-offs is a way of choosing between opposing alternatives.

Even though unofficial market experiments are often conducted essentially by logically evaluating options and making an informed decision, systematic trade experiments become beneficial in refining and reasserting opinions as well as eliminating prejudice from the course of action.

Which of the following resources is sustainable? Coal Petroleum Natural gas Sunlight

Answers

The resource that is sustainable is Sunlight

why can customers need change​

Answers

Customers might need change incase they don’t have the exact number of money to give a person who doesn’t has change to give in return !

Discretionary income might be used to buy which items?

Answers

Answer: Movie Tickets

Explanation:

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