Business, 20.12.2019 03:31, mandy9386

When the price of a can of coca-cola increased from 60 cents to 80 cents a can, the quantity dropped from 1 million cans per day to 500,000 cans per day. using the midpoint formula for computing the elasticity, the price elasticity of demand for coca-cola is:

a. unit elastic
b. inelastic
c. –2.33
d. –0.233
e. –1.5

Answers: 3

Show answers

Other questions on the subject: Business

Business, 22.06.2019 19:00, camidevecchis15

15. chef a insists that roux is the traditional thickener for bisque. chef b insists that it's rice. which chef is correct? a. neither chef is correct. b. both chefs are correct. c. chef b is correct. d. chef a is correct.

Answers: 1

continue

Business, 22.06.2019 23:30, paigeyadon13

At the save the fish nonprofit organization, jenna is responsible for authorizing outgoing payments, rob takes care of recording the payments in the organization's computerized accounting system, and shannon reconciles the organization's bank statements each month. this internal accounting control is best known as a(n) a. distribution process. b. segregation of duties c. specialized budget d. annotated financial process

Answers: 2

continue

Business, 23.06.2019 01:30, RKennedy3654

Which of the following is considered part of a country’s infrastructure?

Answers: 3

continue

Business, 23.06.2019 02:30, dragon2565

Suppose a starbucks tall latte cost $4.00 in the united states, 5.00 euros in the euro area and $2.50 australian dollars in australia. nominal exchange rates are .80 euros per dollar and 1.4 australian dollars per u. s. dollar. where does purchasing power parity hold? a. both the euro area and australia. b. neither the euro area or australia. c. the euro area but not australia. d. australia but not the euro area.

Answers: 1

continue

Do you know the correct answer?

When the price of a can of coca-cola increased from 60 cents to 80 cents a can, the quantity dropped...