subject
Business, 24.04.2021 09:40 simrankaurdhatt

Suppose that a 2% increase in price results in a 6% decrease in quantity demanded. Own-price elasticity of demand is equal to:

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 22:20
If you offer up your car as a demonstration that you will pay off your loan to a bank or another financial lending institution, you are using your car as collateral. true false
Answers: 2
question
Business, 22.06.2019 11:30
10.     lucy is catering an important luncheon and wants to make sure her bisque has the perfect consistency. for her bisque to turn out right, it should have the consistency of a. cold heavy cream. b. warm milk. c. foie gras. d. thick oatmeal. student d   incorrect
Answers: 2
question
Business, 22.06.2019 12:50
Demand increases by less than supply increases. as a result, (a) equilibrium price will decline and equilibrium quantity will rise. (b) both equilibrium price and quantity will decline. (c) both equilibrium price and quantity will rise
Answers: 3
question
Business, 22.06.2019 20:20
Amanager of a store that sells and installs spas wants to prepare a forecast for january and june of next year. her forecasts are a combination of trend and seasonality. she uses the following equation to estimate the trend component of monthly demand: ft = 30+5t, where t = 1 in january of this year. seasonal relatives are 0.60 for january and 1.50 for june. what demands should she predict for january and june of next year
Answers: 2
You know the right answer?
Suppose that a 2% increase in price results in a 6% decrease in quantity demanded. Own-price elastic...
Questions
question
History, 13.11.2020 21:00
question
History, 13.11.2020 21:00
question
Physics, 13.11.2020 21:00
question
Mathematics, 13.11.2020 21:00
question
Chemistry, 13.11.2020 21:00
question
Mathematics, 13.11.2020 21:00
Questions on the website: 13722362