A shift in the demand curve for pretzels increases the price of pretzels from $1.25 to $1.75 and its quantity demanded from 30 million to 35 million. the price elasticity of demand for pretzels is _____. ?

Answers

Answer 1
Initial price, P₀ = $1.25
Initial demand, Q₀ = 30 million

New price, P₁ = $1.75
New demand, Q₁ = 35 million

By definition, price elasticity is
[tex] \eta = \frac{(Q_{1}-Q_{0})/(Q_{1}+Q_{0})}{(P_{1}-P_{0})/(P_{1}+P_{0})} [/tex]
η = (5/65)/(0.5/3)
   = 0.4615

Answer: η = 0.46 (nearest hundredth)

This means that greater demand makes it possible to increase the price. Usually, this is not the case because lowering the price increases sales.


Related Questions

Rabbit population can double every 30 days, if there are 26 rabbits on a farm, how many rabbits will be on the farm after 240 days

Answers

With a period of 30 days, across 240 days there will be 240/30=8 separate periods where the population doubles. Therefore the population at the end of the time period will be the original, 26, times 2 raised to the 8th power, or 26*2^8 = 26*256=6656.

Grey rents an apartment to hugh, who retains possession of the apartment after the lease expires without making any payments of rent. this is

Answers

The answer to this question is "a tenancy at sufferance". Tenancy means possessing a property or land as a tenant only while sufferance means having a genuine approval and means no objection. Hence, when Grey rents an apartment to Hugh who retains possession of the apartment after the lease will expires without making any payments of rent. This is an example of a tenancy at sufferance.

Gfci circuitry continuously checks for a difference in current between the ___________.

Answers

Gfci circuitry continuously checks for a difference in current between the hot and neutral. If there is more than 6mA of current difference between them, the GFCI will open the circuit.
GFCI stands for ground-fault circuit interrupter. It is there to protect people from electric shocks. If a person's body starts to receive a shock, the GFCI senses this and cuts off the power.

What is the process of earning interest on interest that you’ve already earned?

Interesting

Compounding

Accumulating

Saving

Answers

The answer is

B Compounding

Good luck!

Answer:

B: Compounding

Explanation:

Compound interest on monetary assets is the interest that is added to the initial capital and on which new interest is generated.

The interest generated is added period by period to the initial capital and to the interest already generated previously. In this way, value is created not only on the initial capital but also on the product resulting from the interest previously produced, that is, the interest obtained is accumulated to generate more interest.

Which intelligence theorist has shown that average intelligence scores have steadily increased in the united states over the last century?

Answers

The Flynn effect is entitled for james flynn who prepared much to document it and endorse awareness of its implication. The duration the aforementioned was invented by richard herrnstein and charles murray novelists of the bell curve. Although the over-all word for the phenomenon discussing to no researcher in specific endures to be earthly growth in IQ scores. The Flynn effect bring up to the detail that in the united states and other western developed nations, average intelligence scores have improved steadily over the past century proposed explanations involve many environmental factors such as better nutrition and more education and it is the substantial and long-sustained increase in both fluid and crystallized intelligence test scores dignified in many parts of the world from coarsely 1930 to the existent day.

The number of people willing to buy tickets to the super bowl is invariably greater than the number of tickets (and seats) available. this is evidence that the price of the tickets is

Answers

This is evidence that the price of the tickets is lower than the equilibrium price.  On the off chance that the demand curve moves upward, which means demand increases yet supply holds enduring, the equilibrium cost and amount both increment. In the event that the request bend moves descending, which means request diminishes, however, supply holds enduring, the equilibrium price and amount both decline.

Authority is decentralized, tasks and rules are flexible, and employees are given a lot of freedom at reliable copy products, where the sales representatives are not closely supervised. reliable is an example of a mechanistic organization.
a. True
b. False

Answers

The statement above is FALSE, Reliable Copy Product is not an example of a mechanistic organization. A mechanistic organization is a type of organization in which the authority is highly centralized, observation of formalized procedures and practices are highly prioritized and specialized functions are assigned.

A main advantage of enterprise resource planning (erp) is that it describes a _____ that ensures connectivity and easy integration of future systems, including in-house software and commercial packages.​

Answers

The answer to this question is the term which we commonly heard as "PLATFORM". Hence when the main advantage of enterprise resource planning (ERP) is that it describes a PLATFORM that ensures connectivity and easy integration of future systems including in-house software and the commercial packages. In this case, the analyst must consider the architecture of the system.

The clothing and accessories at new fashion stores, inc. are an example of ________ assets.

Answers

The clothing and the accessories are examples of CURRENT assets. Current assets refers to balance sheet accounts which represent the total value of assets which can be converted to cash within a period of one year. Examples of current asset include: money, marketable securities, account receivable, short term investments, etc.  

A builder of tract homes reduced the price of a model by 25​%. if the new price is $ 240000, what was its original​ price? how much can be saved by purchasing the​ model?

Answers

The original price of the model was $320000. He can save $80000 by purchasing the model.

According to the case, the original​ price is $ 320,000. It can be saved by purchasing the​ model is $ 80,000.

What is purchasing model?

The design of the purchasing section or its purpose, as well as how it is connected to and arranged within the larger organizational design and business model, are all described by purchasing models and structures.

Here,

The new price of model = $240,000

Percentage by which the price was reduced = 25%

Assuming the original price as x,

Original price =

x − [ 25/ 100 × x ] = 240,000

75/100 × x = 240,000

x = 240,000 × 100 / 75

x = 320,000

Amount saved by purchasing this model = original price - new price

Amount saved by purchasing this model = 320,000 - 240,000

Amount saved by purchasing this model = 80,000

Therefore, according to the case, the original​ price is $ 320,000. It can be saved by purchasing the​ model is $ 80,000.

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Ou and a friend are designing and selling artisan smartphone covers. the covers are decorated with tiny manufactured rhinestones. in terms of factors of production, what are the manufactured rhinestones?

Answers

The answer is Capital. Capital is the tools humans create to make business more efficient. 

An insured has a disability policy. after becoming disabled, the insured must wait 90 days before qualifying for benefits. this time frame is called the

Answers

The answer to this question is an elimination period. An elimination period is also known as the waiting or qualifying period which is the length of time the insured should wait before the insurance is granted or availed from the insurer. Elimination periods are usually 60, 90, or 180 days.

The 90-day period before qualifying for benefits in a disability policy is known as the elimination or waiting period. It's part of the policy's terms to prevent claims for very short-term disabilities and provides a delay before the insurer starts paying benefits.

The time frame you are referring to in a disability insurance policy context is known as the elimination period or waiting period. This is a period of time that must pass after becoming disabled and before the insurance company begins to pay out benefits. Specifically, in the case you mentioned, the insured must wait 90 days. This is a standard feature of disability policies, intended to prevent payments on short-term disabilities that resolve quickly.

It's important to select a minimum policy that will cover an unexpected illness, and exploring options through the ACA Marketplace could be beneficial. Disability Insurance can be divided into short-term and long-term coverage, with short-term typically covering 13 to 26 weeks of a percentage of your salary, and long-term starting after short-term ends. The cost is usually around 1% to 3% of your salary, depending on your age and occupation. Additionally, Social Security might provide disability benefits if the disability is expected to last at least twelve months.

Where would you find every escrow entry showing the running balance after each receipt or disbursement?

Answers

You will find every escrow entry showing the running balance after each receipt or disbursement in a journal kept by the sponsoring broker. This journal must show the chronological order of the transactions when funds are received or disbursed by the sponsoring broker.

Ep-22 which âclassâ of fires consists of flammable liquids including stove alcohol, gasoline and diesel?

Answers

Fires due to flammable liquids including stove alcohol, gasoline and diesel are classified as “Class B”.

 

Class B fires are caused by hydrocarbon fuels and are rarely controlled. They can easily develop into incredibly large fires that can injure people and destroy buildings. Water based extinguishers should not be used since hydrocarbons only float in water. 

Final answer:

The 'class' of fires that consists of flammable liquids including stove alcohol, gasoline, and diesel is Class B.

Explanation:

The 'class' of fires that consists of flammable liquids including stove alcohol, gasoline, and diesel is Class B.

Class B fires involve flammable liquids such as gasoline, oil, and alcohol. These fires are fueled by liquids and can be extinguished using methods that remove the fuel or cut off the oxygen supply.

For example, if there is a fire involving gasoline, a Class B fire extinguisher can be used to smother the flames and prevent the fire from spreading.

Refer to hewlett-packard. critics say that fiorina’s weakness as ceo is that she focused too much on ____ and not enough on ____.

Answers

The answer to the first unknown is "leadership" while in the second unknown in the problem is actually referring to "management". Hence, as per the Hewlett-packard, the critics say and came up with the statement that Fiorina's weakness as CEO is that she focused too much on leadership and not on management. 

Behavioral models of management sees managers as being ________ than does the classical model.

Answers

Behavioral models of management sees managers as being more informal than does the classical model. The focus of the behavioral management are good working conditions and satisfied workers. The classical model of management on the other hand is production oriented and focuses on the productivity of the workers.

When parking parallel, it is best to leave the curbside wheels:?

Answers

When parking parallel, it is best to leave the curbside wheels: 6-18 inches from the curb.
This is to give space for door opening and also for safety of the wheels (to avoid any friction that may happen)

Parallel parking requires positioning the curbside wheels 6-18 inches from the curb and is influenced by static friction and angular motion as described by vehicle dynamics, essential for proper control and safety.

When parking parallel, it is best to leave the curbside wheels about 6-18 inches away from the curb to ensure the vehicle is sufficiently close without risking damage to the wheels or tire during parking maneuvers.

While driving, vehicles maneuvering around curves experience forces in relation to their motion and the surface friction. When parked, the static friction between the tires and the road surface must be enough to keep the car from rolling, especially if parked on a slope or engaging with the curves of the road.

Navigating complex motions such as parallel parking requires a good understanding of steering dynamics and spatial positioning to maintain proper alignment and prevent tire skidding. This is essential to smooth parking and maintaining control over the vehicle. The actions and physical principles behind vehicle motion are based on principles of static friction, tire alignment, and the angular motion as explained by the right hand rule for axial vectors reflecting vehicle dynamics.

Smaller bags of items are generally priced lower per unit than larger bags.

A. TRUE

B. FALSE

PLZZZ HURY

Answers

B. FALSE yes
Hi
GOOD BYE

A(n) ___________ converts all the statements in a program in a single batch, and the resulting collection of instructions, called ________, is placed in a new file.

Answers

The answer to the first unknown is the "COMPILER" while in the second unknown in the problem is the "INSTRUCTION SET". Hence, to have a complete statement, we have it, a COMPILER converts all the statements in a program into a single batch file and the resulting collection of instruction is called INSTRUCTION SET, it is the collection of all instruction and being placed in a new file.

Which of the following items is a want? Question 1 options:


water

shelter

a new entertainment system

clothes

Answers

a new entertainment system lol
A new entertainment system

There are normally eight steps in the troop-leading process. what is step eight?

Answers

The eighth step in the troop-leading process is supervision.

After finishing the plan and issuing the complete one, you should follow this by supervision in order to make sure that everything is moving and working according to the submitted plan.

The eight steps are as follows:
- Receiving the requirments
- issuing the warning order
- making a tentative plan
- starting the required movement
- reconnoiter
- completing and finalizing the plan
- issuing the finalized plan
- supervision

The correct answer for step eight of the troop-leading process is to ""Supervise.""

The troop-leading process is a sequence of steps that military leaders follow to plan and execute operations. The steps are designed to ensure that leaders at all levels can effectively prepare their units for combat or other military operations. The eight steps in the troop-leading process are as follows:

1. Receive the mission.

2. Issue a warning order.

3. Make a tentative plan.

4. Start necessary movement.

5. Reconnoiter.

6. Complete the plan.

7. Issue the complete order.

8. Supervise.

Step eight, ""Supervise,"" involves the leader actively monitoring the execution of the plan, ensuring that all elements of the unit are performing their assigned tasks correctly and effectively. The leader must be prepared to make adjustments to the plan as necessary in response to changing conditions on the ground or feedback from subordinates. Effective supervision is critical to the success of the mission and requires the leader to be present, engaged, and responsive throughout the operation.

A flower vendor sells roses for 50 cents each. how much does she pay per flower if she makes $6.00 on every twenty dollars worth sold

Answers

Let $x = the cost per flower.

Number of roses sold = 20
Profit on 20 roses = $6

Cost = (30 roses)($x per rose) = $ 20x
Revenue = ($0.50 per rose)*(20 roses) = $10
Profit = $10 - $ 20x = $6

That is,
10 - 20x = 6
20x = 10 - 6
20x = 4
x = $0.2 = 20 cents

Answer: She paid 20 cents per flower.

San antonio wants to expand and add new territory to the city and broaden its tax base by doing what with regard to an upscale subdivision that borders the city?

Answers

The answer is annexing it.
Annexation is a form of administrative action that force a state to give up and join up its territory to another.Actually, annexation is considered an illegal because it does not include sales transaction of lands, unless both states is in the state of war (military occupation)

A) how will increasing the concentration of co shift the equilibrium?

Answers

Since there is no equation provided, I will tell you the concept of equilibrium and you apply it on your equation.

Equilibrium occurs when the rate of the forward reaction is equal to the rate of the reverse reaction.

1- If you increase the concentration of one or more of the reactants: The rate of forward reaction will increase over that of the reverse reaction in order to form more products and balance the concentrations to reach equilibrium again. The equilibrium will shift to the right.
2- If you increase the concentration of one or more of the products: The rate of the reverse reaction will increase over that of the forward reaction in order form more reactants and balance the concentrations to reach equilibrium again. The equilibrium will shift to the left.

Kraft produces lunchables, a prepackaged meal usually consisting of several crackers, small slices of meat, and small slices of cheese. some items in the product line contain capri sun drinks, water, or a small portion of dole fruit. the box is bright yellow and the quantity of food contained within it is small. the target market for kraft lunchables is most likely:

Answers

Can you put the answer choices

Sarahs father is a carpenter who makes good wages in good economic times, but is unemployed when the construction industry slows to a standstill. sarah becomes a neurologist, earning $345,000 a year, and moves from the working class to the upper-middle class. between her fathers generation and her own, sarah has experienced __________ social mobility

Answers

Sarah has experienced UPWARD INTER-GENERATIONAL SOCIAL MOBILITY. Inter-generational social mobility is the movement experienced by family members from one level of stratification system to another from one generation to the next. The movement can be upward or downward. 

Buttons are often organized on a ____ into tabs, and then into groups

Answers

Buttons are often organized on a ribbon into tabs, and then into groups.

Ribbon is the area which is below the title bar and most command buttons which are present in the ribbon open menus and some buttons open dialogue boxes. The instructions on how to modify an app objects are also issued by using command buttons.

A variable used to model the effect of categorical independent variables in a regression model which generally takes only the value zero or one is called select one:

a. a residual.

b. interaction.

c. the coefficient of determination.

d. a dummy variable.

Answers

I believe the correct answer is option D. A variable used to model the effect of categorical independent variables in a regression model which generally takes only the value zero or one is called the dummy variable. It takes only a value of zero or one in order to indicate that there an absence or presence of a categorical effect that may arise in order to change the outcome. These are being used in order to sort out data into mutually exclusive groups. It is used typically in time series analysis, response modelling, bio-medical studies, economic forecasting and credit scoring.
Final answer:

A variable used to model the effect of categorical independent variables in a regression model which generally takes only the value zero or one is called a dummy variable.

Explanation:

A variable used to model the effect of categorical independent variables in a regression model which generally takes only the value zero or one is called a dummy variable. Dummy variables are often used to represent different categories or groups in a regression analysis, where they can take on values of either 0 or 1. They are useful for analyzing how different categories impact the dependent variable in the regression model.

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What is the most important thing to consider when designing an experiment?

Answers

Here are the important things:

- variables ( independent and depending)

- chemicals ( how to handle them
properly in a lab)

- What are you looking to find?

please vote my answer brainliest. thanks!

Who dismissed congress's plan to spend $40 billion to end the depression, saying it was impossible to "squander our way to prosperity"?

Answers

The answer is President Herbert Hoover. His approach to depression were:

1.       He tried to restore confidence in the economy by asking business not to cut payrolls and labor not to ask for higher wages. Most of them initially agreed until 1931.

2.       He also cut taxes and pressed the Federal Reserve Board to cut interest rates to make borrowing easier.

3.       He procured $2 billion for public works projects.

4.       He established the Reconstruction Finance Corporation and the Home Loan Bank Act to assist businesses and head off some foreclosures but he was a fiscal conservative who said we couldn't "squander our way to prosperity," and so he disparate further spending plans.

Saying it was impossible to "squander our way to prosperity", President Hoover dismissed congress' plan to spend $40 billion to end the depression.

 

To add, the American politician who served as the 31st President of the United States from 1929 to 1933 during the Great Depression was Herbert Clark Hoover.

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