answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
VikaD [51]
2 years ago
9

If the price of good X rises and the demand for good X is elastic, then the percentage __________ in quantity demanded is ______

____ the percentage rise in price, and total revenue __________.a. fall; greater than; risesb. fall; less than; fallsc. fall; equal to; remains constantd. rise; greater than; fallse. fall; greater than; falls
Business
1 answer:
Ira Lisetskai [31]2 years ago
8 0

Answer:

e. fall; greater than; falls

Explanation:

Demand is price elastic if a small change in price has a greater effect on the quantity demanded. The coefficient of elasticity is usually greater than one which indicates that the percentage change in quantity demanded is greater than the percentage change in price.

Elasticity of demand = percentage change in quantity demanded/ percentage change in price

If demand is elastic, an increase in price leads to a fall in quantity demanded and total revenue falls.

I hope my answer helps you

You might be interested in
To better facilitate an understanding of layout​ issues, Arnold Palmer Hospital studies using A. queuing theory. B. transportati
klio [65]

To better facilitate an understanding of layout​ issues, Arnold Palmer Hospital studies using (A) queuing theory.

Explanation:

Queuing theory also known as the  "queuing theory" it is used to  examine the various  component in waiting line that needs to be served.

The queuing theory refers to the various component like the arrival process,the service process,number of computerized system, number of servers used and the number of people  in queue (i.e customers)

The various  applications of the queuing theory include -traffic management,(vehicles management, two or four wheeler), scheduling patients in government hospitals, jobs that are done on machines, computer programs), and facility designs of  supermarkets.

Thus,In a hospital settings the layout issues can be dealt by understanding the queuing theory.

3 0
2 years ago
At the end of Year 1, Voss Company had $8,000 of inventory. During Year 2 the following events occurred: (1) Voss Company purcha
soldi70 [24.7K]

Answer:

$15,000

Explanation:

Year 2

Opening inventory = $8,000

Purchases = $10,000

Sales = $15,000 (cash received = $20,000)

Inventory count at year end = $1,000

Amount to be written to p/l = 8000 + 10000 - 1000

                                             = $17,000

However, the cost of goods sold is $15,000 while the remaining $2,000 is recognized as inventory write down.

6 0
2 years ago
You find a certain stock that had returns of 14 percent, −11 percent, 21 percent, and 22 percent for four of the last five years
sp2606 [1]

Answer and Explanation:

The calculations of the stock return for the missing year is shown below:

a. Let us assume the fifth year stock return be x

As we know that  

Average rate of return = Total returns ÷ number of years

0.12 = (0.1 - 0.11 + 0.21 + 0.22 + x) ÷ 5

So after solving this, the x is 14%

b. Now the standard deviation of the stock return is presented in the excel spreadsheet

The standard deviation is 13.40%

4 0
2 years ago
All of the following represent cash outflows to the firm excepta. Taxes.b. Interest payments.c. Dividends.d. Purchase of plant a
Sergio039 [100]

All of the following represent cash outflows except E; Depreciation.

Further Explanation:

Cash outflows to a firm/business is how much cash for the business is available after taxes and capital are paid for. Interest payments, dividends and the purchase of equipment for the plant is considered into the cash flows.

Depreciation will not be part of the cash flow. This is considered to be a non-cash expense to the business/firm. This is an ongoing charge to the fixed assets of the business. This actually reduces the cash flow by reducing the monies paid for income taxes.

Learn more about depreciation at  brainly.com/question/9862781

#LearnwithBrainly

7 0
2 years ago
Moe is an average worker stuck on a team of complacent workers. Nick is an innovator who produces triple the amount of the avera
VLD [36.1K]

Answer:

Wyatt

Explanation:

High outcome interpendence is a concept that encourages cooperation between members on a team. It shows that if a team wins all members will benefit, and if the team fails all members will be adversely affected.

In this scenario Wyatt who is a slacker in the team of Nick will stand to gain more.

In a high outcome interpendence scenario Nick will be forced to improve on the performance of Wyatt in order to meet team objectives.

The other average workers will only gain a little from increased cooperation.

5 0
2 years ago
Other questions:
  • Ryan is thinking about pawning his watch to get some quick money to pay his bills. if he gets the money from the pawnbroker, wha
    11·2 answers
  • Turnbull Co. has a target capital structure of 45% debt, 4% preferred stock, and 51% common equity. It has a before-tax cost of
    14·2 answers
  • A couple has decided to increase their income from investments for when they retire in twenty years. Which is the best way they
    7·2 answers
  • If Joe to Go decides that a joint venture has too much risk and franchising does not provide enough financial payoff, what strat
    11·2 answers
  • A fixed asset with a cost of $41,000 and accumulated depreciation of $36,000 is traded for a similar asset priced at $50,000 (fa
    8·1 answer
  • A company works 320 days per year and has an annual demand of 2080 units of product desires to set an reorder point that will co
    10·1 answer
  • American Bank quotes a bid rate of $0.026 and an ask rate of $0.028 for the Indian rupee (INR); National Bank quotes a bid rate
    7·1 answer
  • If a firm hires one worker and eliminates four units of capital, and hires one more worker and replaces three more units of capi
    14·1 answer
  • he following is a partially completed lower section of a departmental expense allocation spreadsheet for Brickland. It reports t
    7·1 answer
  • How are the three economic conditions (Growing, Stable, and Declining) called in the Decision Table?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!