Elasticity is
A. a measure of how much buyers and sellers respond to changes in market conditions.
B. the study of how the allocation of resources affects economic well-being.
C. the maximum amount that a buyer will pay for a good.
D. the value of everything a seller must give up to produce a good
Answers: 1
Business, 22.06.2019 12:30, asseatingbandit
Sales at a fast-food restaurant average $6,000 per day. the restaurant decided to introduce an advertising campaign to increase daily sales. to determine the effectiveness of the advertising campaign, a sample of 49 days of sales were taken. they found that the average daily sales were $6,300 per day. from past history, the restaurant knew that its population standard deviation is about $1,000. if the level of significance is 0.01, have sales increased as a result of the advertising campaign? multiple choicea)fail to reject the null hypothesis. b)reject the null hypothesis and conclude the mean is higher than $6,000 per day. c)reject the null hypothesis and conclude the mean is lower than $6,000 per day. d)reject the null hypothesis and conclude that the mean is equal to $6,000 per day. expert answer
Answers: 3
Business, 22.06.2019 22:00, ednalovegod
He interest rate effect is the change in real gdp caused by the federal reserve adjusting target interest rates. is the change in consumer and investment spending due to changes in interest rates resulting from changes in the aggregate price level. is the change in exports and imports, resulting from changes in the interest rate caused by changes in the aggregate price level. is the change in investment spending and government purchases caused by changes in money demand. is the change in interest rates, caused by changes to government purchases.
Answers: 2
Elasticity is
A. a measure of how much buyers and sellers respond to changes in market...
A. a measure of how much buyers and sellers respond to changes in market...
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