subject
Business, 24.10.2019 20:43 NetherisIsTheQueen

What are the key determinants of the price elasticity of demand for a product? the key determinants of the price elasticity of demand for a product are: a. government regulations, control of a key resource necessary for production, network externalities, and economies of scale. b. competition from existing firms, threat from potential entrants, competition from substitutes, bargaining power of buyers, and bargaining power of sellers. c. whether a firm has market power, whether some consumers are willing to pay more for a product than other consumers, and ability to segment the market. d. availability of close substitutes, passage of time, necessities versus luxuries, definition of the market, and share of the good in the consumer's budget. your answer is correct. e. number of firms, availability of close substitutes, and ease of firm entry and exit. which determinant is the most important? necessities versus luxuries is the most important determinant.

ansver
Answers: 2

Other questions on the subject: Business

image
Business, 22.06.2019 13:30, ayoismeisalex
On january 2, well co. purchased 10% of rea, inc.’s outstanding common shares for $400,000, which equaled the carrying amount and the fair value of the interest purchased in rea’s net assets. well did not elect the fair value option. because well is the largest single shareholder in rea, and well’s officers are a majority on rea’s board of directors, well exercises significant influence over rea. rea reported net income of $500,000 for the year and paid dividends of $150,000. in its december 31 balance sheet, what amount should well report as investment in rea?
Answers: 3
image
Business, 22.06.2019 16:50, babydolltia28
The cost of labor is significantly lower in many countries than in the united states. if you move manufacturing to a facility to a country labeled as part of the axis of evil and a threat to world peace you will increase the net income of your client by $10 million per the facility is located in a country which limits personal freedom and engages in state sponsored terrorism. imagine you are a marketing consultant. (a) what would you tell the executives to do? (b) what are the alternatives? what are your recommendations? why do you recommend this course of action?
Answers: 1
image
Business, 22.06.2019 19:40, raymondleggett44
When a company produces and sells x thousand units per week, its total weekly profit is p thousand dollars, where upper p equals startfraction 800 x over 100 plus x squared endfraction . the production level at t weeks from the present is x equals 4 plus 2 t. find the marginal profit, startfraction dp over dx endfraction and the time rate of change of profit, startfraction dp over dt endfraction . how fast (with respect of time) are profits changing when tequals8?
Answers: 1
image
Business, 22.06.2019 20:20, 24jgrove
John has served as the chief operating officer (coo) for business graphics, inc., a publicly owned firm, the past 5 years. which of the following statements about john is correct? both john and the ceo of business graphics must certify to the sec that the firm's financial statements are accurate. as the coo, john will be ranked higher than the ceo but still below the cfo. in john's postition as the coo, it is highly unlikely that he would also be the chairperson of the board of directors. as the coo, john would typically be involved with accounting, finance, and asset purchase decisions.
Answers: 2
You know the right answer?
What are the key determinants of the price elasticity of demand for a product? the key determinants...

Questions in other subjects:

Konu
History, 28.06.2019 03:30