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

why should every school have a library​

Answers

So students can learn some information of history of the past or animals or any kind of info. Also, some students love fairy tales and like to entertain themselves. Books can also improve students that have trouble with reading.
(You’re welcome)

Give four examples of routine decisions.

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Answer:

What you're going to eat, what you're going to major in, whether you're going to hang out with friends or not, or where you're going to work

Pls hurry ________structures are laid-back and undefined.
4.
A. Matrix
B. Learning
C. Informal
D. Staff

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The answer I believe to be is C

Which of the following is not a key element of the Sarbanes Oxley Act to improve corporate governance?a) The establishment of the Public Company Accounting Oversight Boardb) Requiring a company’s annual report to contain an internal control report that includes management’s opinion on the effectiveness of internal controlc) Severe criminal penalties for retaliation against "whistleblowers"d) Requiring that the company’s performance reports are prepared in accordance with generally accepted accounting principles

Answers

Answer:

d) Requiring that the company's performance reports are prepared in accordance with generally accepted accounting principles

Explanation:

The Sarbanes Oxley Act of 2002 was formed to set new guidelines for public companies located in the United States. There are eleven sections contained in the act and three key ones mentioned in the options above include;

1. The establishment of the Public Company Accounting Oversight Board: This board was to be in charge of the registration of auditors, providing auditing services, and overseeing audit forms.

2.  Requiring a company's annual report to contain an internal control report that includes management's opinion on the effectiveness of internal control: Financial reports produced by the companies were to have the certification of the managers and accounting officers of the reporting organizations.

3. Severe criminal penalties for retaliation against "whistleblowers": Severe penalties were to be applied on any who engaged in financial crimes, or even discriminated against whistleblowers.

what cannot be used to dry, it’s for the food handlers

Answers

Answer:

What would you like me to answer? Cause I don't know what your asking.

1. When would a corporation make sense for a business, such as a construction company?

Answers

Answer:

when they can make profits

Explanation:

A corporation simply refers to a company that can be for-profit or non-profit that is authorized and recognized to act as a separate entity in law.

Thus, for a corporation to be categorized or make sense as a business it needs to fulfill the main objective of a business, which is profit-making. By so doing, the construction company would make sense for a business.

Which of the following is an example of a worker who has work/life balance
conflicts?
O A. A woman refuses to answer emails from the office when she is
not working
B. A man has missed all his daughter's ball games because he works
too much.
C. A woman has her office emails forwarded to a coworker while on
vacation.
D. A man receives notifications when he gets a new email at the
office,

Answers

Answer:

A man has missed all his daughter's ball games because he works

too much.

Explanation:

seems like it

Answer:

A man has missed all his daughter’s ball games because he works too much

Explanation:

A p e x

Trial courts determine if a will is valid or not. O True O False​

Answers

Answer:

A valid will has to be in writing, and signed by the testator in the presence of two witnesses, who must also attest the will. If the process is not followed to the hilt, the will can be challenged in the court of law. So the answer is true.

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:

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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In which career is it most important to exercise and take physical care of yourself?

A) therapist
B) child care provider
C) Interviewer
D) management

Answers

answer: a therapist

Answer: therapist

Explanation: i just took a test over this <3

Which is an example of an effective study skill?

Answers

Answer:

Teaching or asking a study partner the questions.

Explanation:

When you teach someone you take in the knowledge better and get to help someone else out.

A woman cut her own fabric and sewed her own dress in the

Answers

Answer:production era

Explanation: because production means like to create something

Answer:

Simple trade era

Explanation:

A woman is by herself, which is simple, so it wouldn't be nothing else. I also just got it right.

Television commercials are an example of which type of promotion?
1. Personal selling
2. Publicity
3. Advertising
4. Sales promotion

Answers

Answer is number 3 advertising

Answer:

The answer is Advertising.

Explanation: This is because, on TV, people get to see advertisements. So, when you see TV commercials, that is an advertisement type of promotion. Hope this helps!

The Kingdom of Mocha enjoys no absolute advantage in crude oil, diamonds, or wool. However, the Mochans manufacture high-quality bows and arrows. Which statement about the Mochans is true?

Answers

Answer:

The Mochans have a comparative advantage in the production of bows and arrows.

Explanation:

Comparative advantage is defined as the ability of a country to produce a product at a lower cost compared to other countries.

In such a situation it will be cheaper for other countries to buy the products than to produce it themselves.

In this scenario the Mochans manufacture high-quality bows and arrows, so they have comparative advantage in producing these goods.

However they have no absolute advantage in crude oil, diamonds, or wool. So they do not have comparative advantage in producing these products and will be better off buying them from other countries that produce them at a cheap rate

Why should you memorize your social security number rather then carry your social security card in your wallet? Explain why you will need to provide your social security number to employers

Answers

Answer:

Hmm.

Explanation:

Why should you memorize your social security number rather than carry your social security card in your wallet?

One big reason why you should NOT carry your social security number on you is that you could get robbed at ANY moment. And if someone has your Social security number, then they could slander your name.

Explain why you will need to provide your social security number to employers.

You will need to provide your social security number to employers because they need to make sure that you are you.

'Why do employers need my social security number? If an employer decides to extend you an offer, they will eventually need your social security number to verify your identity and work authorization and perhaps to complete a background check. However, they don't need it in the initial hiring phase.'

Answer:

One big reason why you should NOT carry your social security number on you is that you could get robbed at ANY moment. And if someone has your Social security number, then they could slander your name.

Explanation:

how do you manage scarce resources?​

Answers

By setting the rations ahead of time and sticking to the intended plan as best as possible. Understand your limits to know how to measure the resources.

Gary has been running a small supermarket for many years. He sells different types of perishables as well as seasonal products. Which of the following aspects of distribution does Gary need to consider?
A.
Provide more discounts on perishable products.
B.
Sell two to three food products together as a package to increase sales.
C.
Sell some products for free in order to finish the stock.
D.
Order the right quantity of goods, keeping their expiration dates in mind.
E.
Taste some of the food products to ensure their quality.

Answers

Answer:

Sell two to three food products together as a package to increase sales.

Explanation:

In most of the supermarkets, the concepts of the combo are used that means many supermarkets merge few products in one packet so than the company sales would be increased

Since in the question it is mentioned that Gary who runs a supermarket for many years. He deals in perishable and seasonal products

In order to cover the aspects of distribution, option B is correct as it is directly linked to the supermarket sales  

Answer:

Order the right quantity of goods, keeping their expiration dates in mind.

Explanation:

Hourly Wages
1. Hourly Rate $8.40
Hours Worked 40 hours
Find straight-time pay.

Answers

336 is the correct awnser I believe

Answer:

336

Explanation:

Multiply 8.4 times 40 and you get 336.

I hope this helped.

Goods that are considered to be needs tend to be elastic when the price changes. inelastic when the price changes. elastic when the supply changes. inelastic when the supply changes.

Answers

Answer:

B: Inelastic when the price changes.

Explanation:

Goods that are essential in daily life have lower elasticity needs like gas,  water, oil and electricity.

Elastic demands are the requirements when the large price shift affects the demand of the product. While in inelastic the price change affects in a very small manner to the demand.

The correct answer is:

Option B: Inelastic when the price changes.

This can be explained as:

In an economy, when the goods and commodities are in static relation then it is called inelastic.

The increase in the price of the product does not affect the customers purchasing habits in an inelastic system.

Therefore, goods that are considered to be requirements tend to be inelastic when the cost varies.

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Advocacy is the active support of a cause. True False​

Answers

Answer:

True.

Explanation:

By definition, Advocacy is the active support of an idea or cause expressed through strategies and methods that influence the opinions and decisions of people and organisations.

Answer:

True

Explanation:

...

1. Explaining Why does a natural disaster (drought, flood) in an agricultural
region almost always result in higher prices for commodities and consumer
goods?

Answers

If natural disasters or flooding occur, there is not enough goods for everyone, so only those who are willing to pay more, or the rich, can buy the goods.

if a food server worker follows directions, how long does it take to wash his/her hands

Answers

Not so sure but I feel like a good 20/30 sec. would be good

Answer:

A food server worker should wash his/her hands for 20 sec or longer.

Hopefully this helped :)

Bernard is a trainee accountant. His manager asked him to record a loss on the sale of machinery in the business’s temporary account. To which type of account was Bernard’s manager referring? A. Personal B. Real C. Nominal D. Asset E. Liability

Answers

Answer:

The answer is C.

Explanation:

Nominal Accounts are also known as temporary accounts.

What are sets in set A and not in set B and C called?​

Answers

Explanation:

Set Difference: The relative complement or set difference of sets A and B, denoted A – B, is the set of all elements in A that are not in B. ... Then the set difference of A and B would be the $407 remaining in the checking account. Example: Let A = {a, b, c, d} and B = {b, d, e}. Then A – B = {a, c} and B – A = {e}.

Common Symbols Used in Set Theory

Symbols save time and space when writing. Here are the most common set symbols. In the examples C = {1, 2, 3, 4} and D = {3, 4, 5} Symbol. Meaning.

Growth has which positive effect for businesses?
A. It widens the area inside the frontier on a production possibilities
curve.
B. It allows products to be sold in a wide variety of new markets.
C. It cuts down on the amount of capital investment needed for
expansion.
D. It ensures that opportunity costs will never exceed overall
productivity.

Answers

Growth widens the area inside the frontier on production possibilities and has a positive effect on businesses. Thus option A is correct

What is business?

A corporation or creative entity engaging in business, industrial, and business life is referred to as a business. Corporations could be for-profit corporations or charitable institutions. Limited liability firms, sole traders, corporation, and collaborations are among the several types of businesses.

Growth benefits firms by expanding the territory inside of the frontier of production frontier. There might not be enough money to cover the cost of development. Your workplace and workers will be under more strain if you take on ever more tasks to boost you revenue. Facing pressure, business may be acting quickly in response instead than strategically.

Therefore, option A is the correct option.

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#SPJ2

g equals the g spot so d equals?

Answers

Answer:

Dark sport

Explanation:

D stands dark

Factors that influence pricing

Answers

Marketing’s four Ps – product, price, promotion and placement – are the basic components of any marketing mix. The decisions you make with regard to all of these elements can mean the difference between success and failure. There are many factors that will have an influence on how you set the price for your product or service, with some of them internal and some external, and most of them will fluctuate over time.

Effect of Competition
A competitive pricing strategy, where prices for a product or service are set based primarily on the prices of the competition, is best suited for a price-sensitive and highly competitive market. Whether you use this type of strategy or not, you should always take your competition’s pricing into account when setting your own pricing, unless you hold a monopoly. If consumers perceive your product and your competition’s as having equal value, you could lose out in a big way if your competitor’s price is lower than yours is.

Market Demand Pricing
The laws of supply and demand should always come into play when setting your pricing. If a product is in high demand, particularly if demand exceeds supply, then the market can bear a higher price. Conversely, if demand dwindles, consumers will not be willing to pay higher prices. Your pricing should remain relatively stable over time, but you can put promotions in place to discount the price when needed.

Price is a Part of Brand Strategy
Setting your prices without a thorough grasp of your brand objectives can destroy any brand-building efforts. Your price is a part of your brand image. Think about Walmart, which has built its entire brand around low pricing, or Tiffany & Co., whose consumers expect high-end pricing. If your products’ prices are not in line with your brand image, you will most likely confuse consumers instead of convert them.

Cost of Goods Sold
If you want to make a profit on the sale of your products, you must charge a higher price than what it cost you to actually produce and transport them. The cost of goods sold almost always plays an integral role in any pricing strategy. The exception to this is if you are promoting your product as a loss leader.

A loss leader is a product that is sold below cost as an incentive for consumers to purchase other products at normal prices. Many mobile carriers, for example, sell cell phones at hugely discounted rates so that consumers will sign on for one of their cell phone service packages.

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. 

Steven manages a team responsible for opening new restaurants of a large, fast-food chain. His team goal is to open eight restaurants in four months' time, and he's mapped out a plan for breaking this goal into actual tasks and projects. As Steven's mentor, what advice do you give him for managing obstacles that might disrupt his progress?

Answers

Answer:

divide all of the current obstacles by the level of urgency and take it one step at a time

Explanation:

When making any sort of plans there will always be unexpected obstacles that prevent/disrupt you from making progress. In these situations, the best advice would be to divide all of the current obstacles by the level of urgency and take it one step at a time. If you try to solve all the problems at once you will get overwhelmed and stressed out. Instead solve one at a time, focusing on the more urgent problems first.

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