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Delicious77 [7]
2 years ago
5

Suppose the price of a Snickers candy bar is $2.00 at both the airport and the grocery store. The price elasticity of demand for

a Snickers candy bar at an airport is likely to be ________ the price elasticity of demand for a Snickers candy bar at the grocery store.
Business
2 answers:
Vladimir [108]2 years ago
7 0

Answer:

The price elasticity of demand for a Snickers candy bar at an airport is likely to be less than the price elasticity of demand for a Snickers candy bar at the grocery store.

Explanation:

The definition of elasticity of demand is the degree of change in the demand for a good with the change of its price.

In this case, we assume that  change in the demand of candies at the airport is very low, usually the people don´t have another option and have to buy it , even if the price is higher than other places.  

The elasticity at the grocery store will be higher at a grocery store because, the people have more option . If the product has a high price, the customer can leave it and look for another store.  

So we can say that the price elasticity of demand for a Snickers candy bar at an airport is likely to be less than the price elasticity of demand for a Snickers candy bar at the grocery store.

MaRussiya [10]2 years ago
5 0

Answer:

the same

Explanation:

Price elasticity of demand is the change in the quantity demanded or purchased of a product in relation to its price change. In this equation, place has no effect on the price elasticity of demand. Therefore, for a snickers candy whether is sold at airport or at the grocery store the price elasticity of demand is the same.

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belka [17]

Answer:

Modified rebuy.

Explanation:

The buyer in a modified rebuy wants to change product specifications, price, delivery requirements, or other terms. The out suppliers see this as an opportunity to propose a better offer to gain some business.

Characteristics:

-buyers feel they can make significant advances if they review their buying situation on a regular basis.

-often, changes in styles, materials or even alternative solutions facilitate this review.

-Another reason for modified rebuy is dissatisfaction with present suppliers.

-new supplier was able to find the present supplier´s weaknesses and offered buyers new alternatives to fix their problems.

8 0
2 years ago
Which of the transactions listed here could be made into a recurring transaction? Select as many as are correct.(Select all that
professor190 [17]

Answer:

An expense, An invoice, An adjusting general entry

Explanation:

Well for the items provided,

Recurring transactions are those transactions which occur almost on a defined intervals. Recurring does not mean regular occurring, but it's occurring period is defined.

Therefore, Recurring Transactions are:

An expense = example monthly fixed payments of salary and wages, rent, utilities.

An invoice = this will be a regular transaction as issuing invoice to customers, is the daily business.

An adjusting general entry = as for like depreciation is fixed monthly,

Note: a customer payment is not recurring as it depends customer to customer as the payment is to be received or not, and at what interval it will be received.

Recurring transactions are:

An expense, An invoice, An adjusting general entry

6 0
1 year ago
You are preparing to proof a recommendation report for the executive team. Your HR team has worked on this report for several mo
Vikentia [17]

Answer:

Which of the following proofreading strategies would be most appropriate for this situation?

Proofreading is a habit that helps in correcting errors such as spelling, grammar, syntax, punctuation and formatting. This helps in editing the article in a better, organized and understandable way.

Therefore, the correct options are

a. Did I spell the recipient's name correctly?

b. Did I place a comma before coordinating conjunctions that appear in compound sentences?

Which of the following items should be on your revision checklist?

While working on a report, the specific proofreading marks would be message should be simple, no slang words, no flabby expressions and evaluation of the final product.

Therefore, the correct options are

a. Evaluate your final product.

b. Don't use clichés or slang.

c. Keep the message simple.

d. Eliminate flabby expressions.

3 0
2 years ago
Percy’s GPA is 2.75, so he should list it on his résumé. T/F
timama [110]
In filling up a resume, there are questions that are basic and necessary that a person should feel up to satisfy the qualifications that the client is looking for. But in terms of GPA, like Percy's. It is not appropriate to put it on the resume unless if asked or needed. But most of the time, it is not needed so the answer is false.
3 0
2 years ago
Read 2 more answers
10 percent partner in a partnership that incurred a $4 million business loss this year. Jahlil has no other business activities.
sashaice [31]

Answer:

$250,000 and $500,000

Explanation:

According to the tax laws there is annual limit on Loss deductions  relating the amount of business loss that can be deducted in a year.

The law states that single or individual tax payers can deduct nothing more than $250,000 while married taxpayers who are filing jointly can deduct up to $500,000 per year of their business losses.

Therefore, if Jahlil is single the amount of partnership loss he can deduct is $250,000 but if he is married filing jointly, he can deduct $500,000

6 0
1 year ago
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