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Answer:
price elasticity of demand = - 1.286
so as decrease price from $200 to $160 quantity sale increase
so total revenue increase
Explanation:
given data
bookstore prices 1= $200 each
sells quantity 1 = 120 books per month
lowers price 2 = $160
sales increase quantity 2 = 160 books per month
to find out
price elasticity of demand
solution
we get here price elasticity of demand that is express as
price elasticity of demand = 
.................1
put here value we get
price elasticity of demand = 
solve it we get
price elasticity of demand = - 1.286
so as decrease price from $200 to $160 quantity sale increase
so total revenue increase
<em>Answer:</em>
<em>discriminative stimulus </em>
<em>Explanation:</em>
<em>In psychology,</em><em> the discriminative stimulus is determined as one of the precursor stimuli that is supposed to have a stimulus control over a specific behavior due to the fact that the behavior was formerly reinforced in the presence of that particular stimulus in the past. In other words, it tends to set the event for specific behaviors that have already been reinforced in its presence in the "past".</em>
<em>As per the question, the mentioned statement represents the discriminative stimulus.</em>
Thanks to modern technologies, like the Internet, the customer reviews have gained a lot of importance for companies and they aim to receive good feedback from them. For example, when you are going to buy something on Amazon, would you buy a 1-star item or a 5-star one? Some companies have even hired people to write good reviews for their products online. So, instant communication and sales for customers is one of the most important factors when rating a product or a company because it shows: (1) Businesses can be available for customers 24 hours a day. (2) Customers can purchase goods and services online. and (3) Customers can give feedback to producers instantly
Answer:
Arguing from analogy
Explanation:
Argument by analogy is a term used to describe a situation where a non-deductive assessment is made comparing two things that are totally similar, or in some ways, that is, this type of argument allows conclusions to be made by comparing two similar things . these conclusions are capable of helping an individual to make some important decisions.
An example of this can be seen in the question above, where in an argument related to the pricing of goods, Nathan, sales manager at Expa Manufacturing Inc., argues that the company will charge 25% more than the previous price because Leon Manufacturing , Expo Manufacturing's sister company, charges more for its goods. These two companies are similar and a decision is being made about them, based on the comparison between the two.
