BUSINESS HIGH SCHOOL

The Commerce Ministry of a country conducts regular surveys on goods and services sold within the country. Researchers at the Ministry study consumer behavior through the choices the consumers make while deciding what to buy. Their report on the industry for beverages last year indicated that the price elasticity of demand for fruit juices in the country was​ -0.8, while the price elasticity of demand for a particular brand called Fruit Drops was​-1.2. According to the​ report, an average consumer spends about 1 percent of his monthly income on fruit juices. A student of​economics, Julio, however feels that the current price elasticity of demand for Fruit Drops is actually higher than​ -1.2, based on his own experience in purchasing fruit juices.   Which of the​following, if​ true, would support​ Julio's view that the price elasticity of demand for Fruit Drops is​ higher?A. The average income level of consumers has increased this year as compared to last year.B. The company that manufactures Fruit Drops also produces a variety of other goods.C. Three new brands have been introduced in the market for fruit juices in the last month.D. The management of one of the leading competitors of Fruit Drops was recently accused of manipulating profit figures.E. Fruit Drops is a very popular brand of fruit juice in this country.

Answers

Answer 1
Answer:

Answer:

The correct option is C.

Explanation: Price elasticity is the measure of the rate of change in the level of quantity demanded due to a change in the level of price.

Price elasticity is usually negative, this means that it follows the law of demand; as price increases quantity demanded decreases.

Also, another incidence that can affect price elasticity is an availability of cheaper alternatives. If cheaper alternatives of a particular product are introduced into the market, the demand for that product will reduce, because consumers will abandon it for its cheaper alternatives, thereby driving the elasticity of that product higher.

Therefore, in the scenario given above, the elasticity is higher than -1.2 because there are new brands that have just been introduced into the market.

Related Questions

Charlotte paid $4 for a movie download. The monetary amount is the download's _____ .accounting cost opportunity cost retail price
At the end of the accounting cycle, net income will be closed intoa. Treasury Stock. b. Paid-In Capital. c. Cash. d. Retained Earnings
An insured is driving her car through a residential area when she loses control and crashes into a neighbor's front porch. The neighbor, who was sitting on the porch, is injured. The insured's liability policy has a limit of $500,000. This amount applies to the total of damages for any bodily injury and property damage resulting from one accident. Which type of limit of liability does the insured have?
Which of the following is used by a seller to deceive a buyer?a. bait and switchb. contestc. displayd. introductory offer
What is a fringe benefit?a. a cash payment for casual work b. a business other than sales or marketing c. a payment other than wages or salaries d. an accounting term meaning profits

Alexa put a lot of thought into the design for her company's annual report. She made sure to include repeating design elements such as color schemes and decorative images. Her goal was to _____. add static balance create a unified publication reduce costs provide consistency

Answers

Final answer:

Alexa used repeating design elements like color schemes and decorative images to create consistency and unity in her company's annual report. This served to create a visually balanced, engaging, and professional publication.

Explanation:

Alexa's thoughtful selection of repeating design elements, such as color schemes and decorative images served to create a unified publication and provide consistency. In terms of visual rhetoric, this means that she used consistent technical language, such as line, light, and point of view. This consistency creates a balanced, engaging, and professional tone throughout the publication. It is important in making the content more digestible and not overwhelming for the reader.


Learn more about Unified Publication Design here:

brainly.com/question/31766409

#SPJ12

Answer: The correct answers are,

create a unified publication

provide consistency

Explanation: This is correct on oddessy

The employer contributions to the state unemployment insurance fund, group health insurance, or a pension fund are not normally considered a benefit.true or false

Answers

That statement is false

Employer contributions to the state unemployment insurance fund, group health insurance, or a pension fund are CONSIDERED a benefit. 

The ownership of a corporation consists of thea. governing body.
b. officers of the corporation.
c. stockholders.
d. board of directors.

Answers

The ownership of a corporation consists of the C. STOCKHOLDERS.

Stockholders are individuals who invested in the corporation and whose ownership is proven by the stock certificate issued by the corporation. In the stock certificate, it states the amount of stocks the individual bought and the corresponding value of the stocks bought.

The answer is C.stockholders

The repurchase at a premium of the target firm's shares that were acquired by the aggressor firm in a hostile takeover in exchange for an agreement that the aggressor will no longer target the company for takeover is called: a. a standstill agreement.
b. a poison pill.
c. greenmail.
d. crossing the palm with silver.

Answers

Answer:

c. greenmail. 

Explanation:

A greenmail is the repurchase at a premium of the target firm's shares that were acquired by the aggressor firm in a hostile takeover in exchange for an agreement that the aggressor will no longer target the company for takeover.

A greenmail is a form of post offer take over defense. A post offer take over defense is put in place when a hostile takeover attempt has already occurred.

A poison pill is a pre take over defense. A poison pill is when a shareholder buys a certain percentage of shares that exceeds ownership level set by the company, other shareholders are allowed to buy shares at a discount.

I hope my answer helps you

Explain neck/ back pain and ways to help.

Answers

Answer:

Apply ice for the first few days.

Take OTC pain relievers, like ibuprofen

Take a few days off from sports, activities that aggravate your symptoms, and heavy lifting.

Use good posture.

Explanation:
Use a back brace or pain patches that can help and I feel like neck and back pain happens when u put too much stress in those areas which can cause the pain you are feeling

Which form of promotion would be most effective at correcting a damaged business reputation?public relations



advertisements



direct marketing



sales promotions

Answers

Public relations and Sales promotions to earn the trust from the public again.

Answer:

A: Public Relations

Explanation:

#PlatoFam
Other Questions
A person who wants to work in lodging, restaurant services, travel, amusements, and attractions wants to follow the career pathway known asthe Hospitality and Tourism career cluster. the Tourism career cluster. the Managerial career cluster. the Hotels and Managerial career cluster.
are major league baseball clubs profit maximizing monopolies? some observers of this market have contended that baseball club owners
________ temporarily migrate to take jobs in other countries and send remittance payments to their home communities.
As Prepaid Rent is used, the asset becomes a/ana. liability. b. expense. c. contra-asset. d. revenue.