Answer:
Price elasticity of demand = Change in Quantity/ Change in Price
Using midpoint formula;
Change in Quantity ;
Change in Price;
Price elasticity of demand = -0.342/0.118
= -2.90
Demand is elastic, so decreasing ticket prices will increase revenue.
When the elasticity is larger than 1 it means that a 1% change in price will change demand by more than 1%. In this case, a a decrease of price by 1% will bring 2.9% increase in customers.
Answer:
initial cash flow is 2,929,000
Explanation:
Attached is the table
Answer:
Sell two to three food products together as a package to increase sales.
Explanation:
In most of the supermarkets, the concepts of the combo are used that means many supermarkets merge few products in one packet so than the company sales would be increased
Since in the question it is mentioned that Gary who runs a supermarket for many years. He deals in perishable and seasonal products
In order to cover the aspects of distribution, option B is correct as it is directly linked to the supermarket sales
In the 1960 s, PCP became commercially available for use in <u>veterinary medicine</u> as an analgesic and anesthetic, but diversion to street use led the manufacturer to discontinue production in 1978
Explanation:
<u>Phencyclidine is said to have received its name PCP—“peace pill”—</u>on the streets of San Francisco
.There are more than o<u>ne hundred variations </u>(analogs) of this substance
In the year 1960, PCP became commercially available for use in veterinary medicine as an analgesic and anesthetic, but diversion to street use led the manufacturer to discontinue production in 1978
PCP is now produced easily and cheaply in clandestine laboratories in tablet, capsule, powder, and liquid form and sometimes sold as LSD Like methamphetamine, PCP has been distributed by outlaw motorcycle clubs
Answer:
Gross Domestic Product
Activities included and excluded:
1. The gross domestic product (GDP ) of the United States is defined as the monetary value of all finished goods and services in a given period of time. The important thing to note here is that GDP is the market value of all final goods and services produced within a country in a given period of time. This means that intermediate goods are not included.
2. Indication of Inclusion or Exclusion in 2018 GDP:
a) Calculo = excluded
b) Rotato = included
c) An accountant = excluded because of year, 2019
d) Fastline = included
e) Awake = included
Explanation:
1) The importation of the calculator into the United States does not form part of domestic production, and as such will be excluded.
2) Rotato's production on September 25, 2018 will be included, with an exclusive focus on whether the production of the set of tires increases GDP directly.
3) The accountant's work would have been included if it were done in 2018.
4) Fastlane's production will be included.
5) Awake's production will be included.
