100 POINTS MICROECONOMICS
A local drinking establishment recently raised its price of a draft beer from $4 to $5. As it did, the number of beers it sold decreased from 5,000 to 4,000 per month of this particular brew.
Over this price range, what was the elasticity of demand for this beer?
What was the degree of elasticity for this beer?
A 1% change in the price of this beer led to a change in quantity demanded of ___%?
What happened the bar’s total revenue as it raised its price?
Answers: 3
Business, 22.06.2019 15:30, jasonoliva13
Careers in designing, planning, managing, building and maintaining the built environment can be found in the following career cluster: a. agriculture, food & natural resources b. architecture & construction c. arts, audio-video technology & communications d. business, management & administration
Answers: 2
Business, 22.06.2019 17:00, ocean11618
Oliver is the vice president of production at his company and has been managing the launch of new software systems. he worked with a team of individuals who were tasked to create awareness about a specific product and also to approach potential purchasers of the product. which department managers were part of oliver’s team?
Answers: 3
Business, 22.06.2019 17:40, payloo
To appeal to a new target market, the maker of hill's coffee has changed the product's package design, reformulated the coffee, begun advertising price discounts in women's magazines, and started distributing the product through gourmet coffee shops. what has been changed? a. the product's perceptual value. b. the product's 4ps. c. the method used in its target marketing. d. the ownership of the product line. e. the product's utility.
Answers: 3
100 POINTS MICROECONOMICS
A local drinking establishment recently raised its price of a draft beer...
History, 31.01.2020 21:04
Mathematics, 31.01.2020 21:04
Mathematics, 31.01.2020 21:04