Any market could benefit from the pricing approach known as price elasticity of demand, particularly if it can attract customers.
How a change in price impacts consumer demand is assessed using the price elasticity of demand.
A product is deemed inelastic if people continue to buy it in spite of a price increase (such as with cigarettes and fuel).
Contrarily, elastic goods are subject to price changes (such as cable TV and movie tickets).
The formula: % Change in Quantity % Change in Price = Price Elasticity of Demand can be used to determine price elasticity.
You can determine whether your product or service is responsive to price changes using the idea of price elasticity. Your product should ideally be inelastic, meaning that demand won't change even if prices do.
Learn more about price elasticity of demand here.
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<span> a) Classical economists b) Keynesians c) Monetarists d) None would be supportive ____________________________________________________________</span>
your answer is C, monetarists.
Answer:
The statement is: False.
Explanation:
A penetration test consists of a series of test attacks against defense mechanisms existing in an environment that is being analyzed. These tests include the analysis of physical and digital devices to human factors using Social Engineering for that purpose.
Thus, <em>these tests must be carried out without prior notice to employees</em> so the evaluators can simulate what is the real defense and reaction the organization has in front of a threat.
Answer:
$17,863.11
Explanation:
The carrying amount or net book value of an asset is the difference between the historical cost of the asset and the accumulated depreciation. When an asset is disposed, this carrying amount has to be derecognized and the proceed from the sale recognized. The difference between these two amounts is the gain/loss on disposal.
When the amount received from the disposal of an asset is higher than the carrying value of the asset, the company makes a gain on disposal.
Carrying amount = $274,817.00 - $261,076.15.
= $13,740.85
Gain/(loss) on disposal
= $31,603.96 - $13,740.85
= $17,863.11
The statement "today, technology enables small businesses to reach customers across the globe." is True
This is further explained below.
<h3>What is technology?</h3>
Generally, Technology is the application of scientific knowledge to the practical purposes of human existence, or as it is commonly stated, to the changing and manipulating of the human environment.
Technology can also be defined as the application of scientific knowledge to the practical purposes of animal existence.
Historically, the term "technology" referred to the application of scientific understanding to the pursuit of various practical goals in human existence.
In conclusion, It is accurate to say that "technology now allows tiny enterprises to contact clients throughout the world."
Read more about technology
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