Business, 22.06.2021 18:40 edna27

If demand price elasticity measures 2, this implies that consumers would Group of answer choices buy twice as much of the product if the price drops 10 percent. require a 2 percent drop in price to increase their purchases by 1 percent. buy 2 percent more of the product in response to a 1 percent drop in price. require at least a $2 increase in price before showing any response to the price increase. buy twice as much of the product if the price drops 1 percent.

Answers: 1

Show answers

Other questions on the subject: Business

Business, 21.06.2019 17:10, maehardy4134

Acompany manufactures hair dryers. it buys some of the components, but it makes the heating element, which it can produce at the rate of 920 per day. hair dryers are assembled daily, 250 days a year, at a rate of 360 per day. because of the disparity between the production and usage rates, the heating elements are periodically produced in batches of 2,300 units. a. approximately how many batches of heating elements are produced annually? b. if production on a batch begins when there is no inventory of heating elements on hand, how much inventory will be on hand 4 days later? c. what is the average inventory of elements, assuming each production cycle begins when there are none on hand?

Answers: 1

continue

Business, 21.06.2019 23:20, christopherschool04

On october 2, 2016 starbucks corporation reported, on its form 10-k, the following (in millions): total assets $14,329.5 total stockholders' equity 5,890.7 total current liabilities 4,546.9 what did starbucks report as total liabilities on october 2, 2016? select one: a. $12,516.7 million b. $6,377.3 million c. $995.0 million d. $8,438.8 million e. none of the above

Answers: 2

continue

Business, 22.06.2019 00:20, randallmatthew6124

Suppose an economy consists of three sectors: energy (e), manufacturing (m), and agriculture (a). sector e sells 70% of its output to m and 30% to a. sector m sells 30% of its output to e, 50% to a, and retains the rest. sector a sells 15% of its output to e, 30% to m, and retains the rest.

Answers: 1

continue

Business, 22.06.2019 13:10, Mikey3414

Trey morgan is an employee who is paid monthly. for the month of january of the current year, he earned a total of $4,538. the fica tax for social security is 6.2% of the first $118,500 earned each calendar year, and the fica tax rate for medicare is 1.45% of all earnings for both the employee and the employer. the amount of federal income tax withheld from his earnings was $680.70. his net pay for the month is .

Answers: 1

continue

You know the right answer?

If demand price elasticity measures 2, this implies that consumers would Group of answer choices buy...