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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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Answer:

True

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Since there is no planning before the order is received from customers under lean, in emergency cases, or scarcity of resources, the inventory will fall short, and acquisition of inventory would not be easy.

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Your customer purchases FYZ 4% convertible preferred stock at $60 per share. The conversion price is $10. With the common stock
KIM [24]

Answer:

$9

Explanation:

Calculation for how much the common shares of FYZ are trading

First step is to find the conversion ratio

Using this formula

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Let plug in the formula

Conversion ratio=$70/$10

Conversion ratio=7

Second step is to calculate for the Parity price of the common stock

Using this formula

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Last step is to calculate how much the common shares of FYZ are trading

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<u>Answer:</u>

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