<span>In order to understand if the innovation will bring about more sales in terms of elasticity of the products, it is necessary to analyze the impact that a price drop would have on the demand for the produce being sold, and to what extent a price decrease will proportionally increase demand.</span>
Answer:
-0.20
Explanation:
Cross price elasticity of demand measures the responsiveness of quantity demanded of good A to changes in price of good B.
If cross price elasticity of demand is positive, it means that the goods are substitute goods.
Substitute goods are goods that can be used in place of another good.
If the cross-price elasticity is negative, it means that the goods are complementary goods.
Complementary goods are goods that are consumed together
Cross Price elasticity of demand = midpoint change in quantity demanded / midpoint change in price
Midpoint change in quantity demanded = change in quantity demanded / average of both demands
change in quantity demanded = 16 million - 14 million = 2 million
Average = (16 million + 14 million) / 2 = 15 million
2 / 15 = 0.133
midpoint change in price = change in price / average of both price
change in price = 1 - 2 = - 1
average of price =(2 + 1) / 2 = 1.5
-1/1.5 = -0.67
0.1333 / -0.67
Answer:
Option A is Correct one.
<u>The budgeted required production for August is 11,600 units.</u>
Explanation:
Beginning inventory=(20%*11600)=2320
Add:production(balance)(11600+2660-2320)=11940 units(B).
Less:ending inventory(20%*13300)=(2660)
Sales=11600 units
Answer:
a. fallacy that association is causation
Explanation:
Alicia is making an association between chocolate and acne but, there is no proof on Alicia statement There should be a positive correlation between the chocolate eaten by Alicia and the acne to stablish a cause-effect between each variable else, we are doing a simplistic analysis.
Answer:
Following are the answer to this question:
Explanation:
Following are the paragraph to this question:
It was great this course! It's formatting, which includes its course to make it's navigating and understanding quickly. Its tasks were also challenging enough just to participate with both the substance, and they're not challenging enough just to create discomfort or feel confused.
