Answer:
Price elasticity of demand measures how much the quantity increases when price decreases.
Explanation:
Price elasticity is the percentage change in the quantity demanded, divided by the percentage change in the price.
If the percentage in the change in the quantity demanded is bigger than the percentage in the change of the price we talk about elastic demand.
If the percentage in the change in the quantity demanded is smaller than the percentage in the change of the price we talk about inelastic demand.
And if he percentage in the change in the quantity demanded is excatly the same than the percentage in the change of the price we talk about unit elastic demand.
Answer:
The reason why people get engaged in business is because they become more productive and people engage in business to make money and get returns on investment.
Explanation: This is the answer I hope this helped you out.
Answer:
back translation
Explanation:
When a company uses back translation, it will first translate its product literature to French, and then it will hire a French translator to translate it back from French to English to make sure that the words make sense. This way the company makes sure that whatever was translated in the first makes actual sense.
For example, if you use the google translator, you will get a literal word by word translation of whatever you want to say in another language, but it doesn't mean other people will understand those words in the same way as originally wrote them. This can also happen to companies, specially when dealing with extremely different languages like Chinese where even huge corporations like Pepsi made terrible translation mistakes (e.g. Seven Up meant useless frog XXX), that is why Coke is simply Coke or Coca Cola in other languages.
a. When other car manufacturers begin to make SUVs, the price elasticity of demand for Ford's SUV will increase. This is because the options consumers have has also increased.
b. When import is banned, the price elasticity of demand for Ford's SUVs will decrease. This is because there are less substitutes for Ford's SUVs. Consumers would now have limited choices.
c. As a result of the ad campaigns, the price elasticity of demand for Ford's SUVs will decrease. This is because other cars would be considered to be les safe when compared with the Ford SUVs.
d. Overtime, the price elasticity for Ford Cars will increase as there would be more substitutes
Price elasticity of demand measures how quantity demanded responds to changes in the price of a good
<em>Types of price elasticity </em>
- Elastic demand : this means that quantity demanded is sensitive to changes in price. Coefficient of elasticity is greater than 1
- Inelastic demand : this means that quantity demanded does not respond much to change in price. Coefficient of elasticity is less than 1
To learn more about demand elasticity, please check: brainly.com/question/13565779?referrer=searchResults
Answer:
Frank Furter can sue hot dog stand and tire manufacturer for breaking of his tooth.
Explanation:
Frank furter can sue the hot dog stand as it was the main cause of his accident. The car is designed for having a luxury driving experience but the accidents may happen any time and there should be suitable brake system which can stop the car immediately or in few seconds. The tire should not burst as this will enhance the damage in the accident.