Business

Alisha Deleon

5 May, 08:13

For a certain good, when price rises from $90 to $95, quantity demanded falls from 90, 000 to 85, 000. The price elasticity of demand here is, making the demand for this good in the price range between $90 and $95. 0. 95; inelastic 1. 06; elastic 1. 45; elastic. 0. 95; elastic

+3

Answers (1)

Know the Answer?

Not Sure About the Answer?

Get an answer to your question ✅ “For a certain good, when price rises from $90 to $95, quantity demanded falls from 90, 000 to 85, 000. The price elasticity of demand here ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.

Search for Other Answers

You Might be Interested in

Tri-State has come off a very good year financially and has plans to do more for the community. You discuss with the CEO your plan to do the most good at the lowest cost.

Under normal costing, the actual manufacturing overhead costs incurred during the period are added to the work in process account.

Russ owns a fried chicken stand that operates at the local beach. in calculating how much he earns from his business, russ notices a difference between his economic and accounting profits.

You've borrowed $40,000 on margin to buy shares in Ixnay, which is now selling at $20 per share. Your account starts at the initial margin requirement of 50%. The maintenance margin is 35%. Two days later, the stock price falls to $15 per share. 1.

The reason why retained earnings have a cost equal to rs is because investors think they can (i. e., expect to) earn rs on investments with the same risk as the firm's common stock, and if the firm does not think that it can earn rs on the earnings

New Questions in Business

Commercial paper is very popular with many firms because Multiple Choice it can usually be issued below the prime rate. there are no required lines of credit at the bank. it satisfies the firm's need for long-term funds.

Andrews Corp. ended the year carrying $33,836,000 worth of inventory. Had they sold their entire inventory at their current prices, how much more revenue would it have brought to Andrews Corp.?

The manufacturing overhead budget at Foshay Corporation is based on budgeted direct labor-hours. The direct labor budget indicates that 6,100 direct labor-hours will be required in May. The variable overhead rate is $8.50 per direct labor-hour.

Trinidad Schwab is an employee at the Kyletown Fire Department. He received the following benefits from his employer during 2019 for company purposes: On-site housing: $385 per month Employer-provided cell phone: $95 per month Meals: $190 per month

Presented below is information related to Crane Corp. for the year 2020. Net sales $1,040,000 Write-off of inventory due to obsolescence $64,000 Cost of goods sold 624,000 Depreciation expense omitted by accident in 2019 44,000 Selling expenses