A few months before, a major B2B supplier raised prices of its products 10 percent to cover changes in market conditions. He was surprised to find how the orders from his normal customers plummeted. His normal order was $1,100. After the price increase, the average order dropped by 25 percent. He became concerned that customers might look elsewhere. For this reason, he decided to start offering discounts. When one of his loyal customers, David, purchases $950 worth of product for his firm, the supplier gives David the terms "4/20 net 30." He wants to maintain his relationship with David and would ideally like to receive payment in less than a month. Refer to Scenario 19.3. Consider how the average order amount changed when prices were raised $75. The elasticity of demand is _. With this in mind, the product can best be described as _.

Answers

Answer 1

Answer:

Answer:

Elastic demand

Explanation:

Elastic demand states when there is a change in the price of a product the quantity demanded changes. An increase in price may lead to a decrease in demand whereas, a decrease in price may lead to an increase in quantity demanded.

In this case we see when the B2B supplier increase its price, the orders dropped by 25%. Which proves that it is an elastic demand.

If an increase in price leads to no changes or increase in quantity demanded then it is called inelastic demand. Example: disease curing drugs.

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With a ________ tax, the tax rate decreases as income increases. A.)direct B.)progressive C.)proportional D.)regressive
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Which of the following items would NOT appear on the sticker on a new automobile? EPA Fuel Economy Rating The make and model The distance it was shipped The suggested price

The Fan Cost Index (FCI) represents the cost of four average-price tickets, refreshments, and souvenirs to a sporting event. The FCIs for an independent golf league and an independent hockey league totaled $98.69. The hockey FCI was $8.45 more than that of golf. What were the FCIs for these sports?

Answers

Answer:

The hockey FCI is $53.57 and the golf FCI is 45.12$.

Explanation:

The hockey FCI (HFCI) is $8.45 more expensive than the golf FIC (GFCI). You know that both FICs are in total: $98.69.

1- Subtract $8.45 from the total of $98.69: $90.24.

2- Split the remaining amount in half: $90.24/2: $45.12.

3- The HFCI is $45.12 + $8.45: $53.57.

The GFCI is $45.12.

If you add both FCIs you should get the total $98.69:

$53.57 + $45.12: $98.69$

The hockey FCI is $53.57 and the golf FCI is 45.12$.

I hope this answer helps you!

Earned income and capital gains (or "portfolio income") are acquired in different ways. Which statement describes how they are different? a. Earned income and capital gains are both based on the number of hours you work. b. Earned income is payment for employment, while capital gains are produced by your investments. c. Capital gains are received if you manage the company, but earned income is received if you are an employee of the company. d. Earned income is when you make the investment directly, but capital gains are when someone else has managed your investments.

Answers

Answer: b. Earned income is payment for employment, while capital gains are produced by your investments.

Explanation: Earned income is the income received from working or engaging in a particular activity and an income generated from the day to day activity. For example, earned income is the income generated from employment. While on the other hand capital gain is the income received from the income generated from a one time sale of an asset or an item. For example, selling a car and generating a profit of $1500, $1500 is the capital gain.

Hence, Earned income is the payment for employment while capital gains are produced by your investments.

The answer is B. I just had this question on Edgenunity.

How is the labor market like other markets?

Answers

Wages are high when the supply labor is high.

in the labor market ,firms demand labor and individuals such as you and they supply the labor

What keeps foreign exchange quotes in two different countries in line with each other?a. Cross rates
b. Forward rates
c. Arbitrage
d. Spot rates

Answers

The right answer for the question that is being asked and shown above is that: "b. Forward rates." The idea that keeps foreign exchange quotes in two different countries in line with each other is that of b. Forward rates

Quzlet The larger the Marginal Propensity to ConsumeThe larger the Marginal Propensity to Save The larger the Multiplier A larger change in government expenditures is required to solve a recessionary gap The smaller the Multiplier

Answers

The larger the Marginal Propensity to Consume, the larger the Multiplier.

Option: B

Explanation:

When their is the rise in the ultimate revenue resulting from any new spending injections the multiplier effect get applied. The scale of the multiplier relies on the marginal choices that households make to invest, named the (mpc) marginal propensity to consume or invest, named the marginal propensity to save (mps).

It's worth noting that when you invest money that expenditure is the money of someone else, and so on. Marginal inclinations indicate the proportion of additional revenue allocated to particular operations, such as UK companies' business spending, household savings, and foreign import expenses.

If a pension plan has not established an irrevocable trust to account for defined benefit pension plan contributions and distributions, a government participating in the plan would report its net pension liability in its proprietary fund and government-wide financial statements.True / False.

Answers

Answer:

The statement is incorrect, the answer is False.

Answer:

False is the correct answer.

Explanation:

A pension plan is a retirement plan that needs an employer to make contributions to a pool of funds set aside for a worker's future benefit. In this case, it is false that if a pension plan has not established an irrevocable trust to account for defined benefit pension plan contributions and distributions, a government participating in the plan would report its net pension liability in its proprietary fund and government-wide financial statements.

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Within his role as a financial accountant, Roger uses the capital asset pricing model and other mathematical tools to help clients keep track of their finances. Which perspective or approach does Roger apply most at his work?

Market competition doesn't eliminate scarcity. True False

The following is a list of balances for company XYZ ltd. Sales 1,000,000 Purchases 265,000 Vehicles 647 000 Creditors 650 000 Debtors 673 000 Rent 75 000 Wages 90 000 Loan from bank 100,000 Prepare a trial balance for company XYZ ltd.