Business, 14.04.2020 21:20 webbjalia04

You are given data on four products — toothpaste, shampoo, soap, and laundry detergent. The absolute value of the price elasticity of demand for toothpaste is 4. The absolute value of the price elasticity of demand for shampoo is 0.2. The absolute value of the price elasticity of demand for soap is 0.5. The absolute value of the price elasticity of demand for laundry detergent is 2. Which product has the most inelastic demand?

Answers: 2

Show answers

Other questions on the subject: Business

Business, 21.06.2019 22:30, Renabelle6350

Acompany determined that the budgeted cost of producing a product is $30 per unit. on june 1, there were 80,000 units on hand, the sales department budgeted sales of 300,000 units in june, and the company desires to have 120,000 units on hand on june 30. the budgeted cost of goods sold for june would be

Answers: 1

continue

Business, 22.06.2019 14:50, 2020EIglesias180

Pederson company reported the following: manufacturing costs $480,000 units manufactured 8,000 units sold 7,500 units sold for $90 per unit beginning inventory 2,000 units what is the average manufacturing cost per unit? (round the answer to the nearest dollar.)

Answers: 3

continue

Business, 23.06.2019 01:30, Ecneixneixnwism8984

What is a market? a. a system that allows people or companies to buy and sell products and services b. the number of companies willing to manufacture a specific product c. the ability to buy production materials in large quantities and save on costs d. a product's ability to satisfy a consumer

Answers: 2

continue

Business, 23.06.2019 06:50, dinarussell74

Which of the following does not use any type of computer code in their work? a. web designer b. database administrator c. information security d. computer user support

Answers: 2

continue

You know the right answer?

You are given data on four products — toothpaste, shampoo, soap, and laundry detergent. The absolute...