Cory's coffee cafe priced its caffeine delights at $1.00 , they sold 150 per day. when the price was $2.00 , they sold 100 per day. based on this information and using the average-values formula, the absolute value of the price elasticity of demand for caffeine delights is
a. 1.67
b. 3.03
c. 0.33
d. 0.60 based on the above calculation, demand for caffeine delights is considered to be ▼ inelastic unit-elastic elastic.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Cory's coffee cafe priced its caffeine delights at $1.00 , they sold 150 per day. when the price was $2.00 , they sold 100 per day. based ...” 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
Which is true regarding elasticity of supply? A) products price doesn't play a role in its elasticity B) a factor in supply elasticity is production difficulty C) an inelastic product will never become elastic I will put you as brainliest
Answers (1)
If oligopolistic firms facing similar cost and demand conditions successfully collude, price and output results in this industry will be most accurately predicted by which of the following models? A. the kinked demand curve model of oligopoly B.
Answers (1)
Select the correct texts in the passage. Roberta is a customer service representative at a car rental company. Read the passage. Which actions mighty lead increased customer satisfaction in the company? Roberta. She during the calls. She.
Answers (1)
A thief steals an ATM card and must randomly guess the correct three -digit pin code from a 9 -key keypad. Repetition of digits is allowed. What is the probability of a correct guess on the first try?
Answers (1)
A city assesses property owners $50 million to extend sewer lines to their neighborhood. By year-end, however, it has not begun construction of the new lines and has not collected any of the assessments.
Answers (1)
New Questions in Business
Javier's employer pays for 43% of his annual health insurance premium. Javier pays the remaining balance by having it deducted from his paychecks in equal amounts twice a month throughout the year. If $157.
Answers (1)
Choose the BEST paraphrase of this sentence: Tashkent, the capital of Uzbekistan, has been an important market and trading place for hundreds of years.
Answers (1)
Economic exposure, a category of foreign exchange risk, is distinct from transaction exposure, which is concerned with the effect of exchange rate changes on individual transactions, most of which are short-term affairs that will be executed within
Answers (1)
According to liquidity preference theory, if there were a surplus of money, then A. the interest rate would be above equilibrium and the quantity of money demanded would be too large for equilibrium. B.
Answers (1)
Moonbeam Company manufactures toasters. For the first 8 months of 2017, the company reported the following operating results while operating at 75% of plant capacity: Sales (349,400 units) $ 4,372,000 Cost of goods sold 2,595,000 Gross profit
Answers (1)