answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
storchak
13 days ago
15

If the elasticity of demand for a microwave oven is 1.5, this means....

Social Studies
1 answer:
Mashutka [1.3K]13 days ago
6 0

Response:

C. a 5% reduction in price results in a 7.5% rise in quantity demanded

Clarification:

To arrive at this conclusion, we utilize the price elasticity of demand equation

Price elasticity = %change in quantity demanded/% change in price

Next, we substitute the relevant values into the equation

1.5 = 7.5% / 5%

This confirms that the proper answer is C as dividing 7.5 by 5 yields a value of 1.5.

An elasticity value of 1.5 indicates that the product is fairly elastic: implying the quantity demanded will adjust more significantly than the price. This is evident in the current scenario: quantity demanded increased by 7.5%, while the price only decreased by 5%.

You might be interested in
Felix sweats profusely just before an interview and feels uncomfortable. He concludes he is nervous. However, his nervousness di
tigry1 [1396]

Answer:

The self-perception theory

Explanation:

This theory describes how a person, who does not have clear initial feelings or attitudes, derives them by observing their own actions and drawing inferences about the attitudes that likely caused those actions.

Interestingly, this theory contradicts what we might expect. One might think that a person’s actions stem from their inherent personality and behavior; however, self-perception theory indicates that this isn’t necessarily true all the time. Essentially, it emphasizes the idea that “our actions define us.” Individuals evaluate their behaviors similarly to how they assess the actions of others, and often, these actions are influenced by social context rather than being purely a result of personal choice.

4 0
19 days ago
One of your colleagues argues that it is better to focus your time and energy exclusively in neighborhoods with single-family ho
tigry1 [1396]

Answer: He is incorrect

Explanation:

In the field of marketing, it is essential to introduce the product to the market, allowing both younger and older demographics to make their selections. From their choices, surveys can be conducted to determine who will likely remain loyal to your product and who may be less inclined to continue. However, making broad generalizations without gathering input from diverse perspectives is not an effective advertising strategy; younger individuals might actually prefer the product more than older ones.

4 0
1 month ago
Read 2 more answers
Dr. Smith is curious about ways to improve worker productivity. She believes that employees with harsher work environments might
OLga [1489]

Response:

The correct choice is option a (worker productivity).

Rationale:

  • Productivity can be understood as an assessment of how effectively inputs are converted into usable outputs by an individual, factory, manufacturer, or device.
  • In this context, job efficiency acts as the variable being measured. This dependent variable is what the researcher investigates. The researcher assesses job efficiency by modifying independent variables.

Other choices presented do not relate to the example provided. Therefore, the proposed answer is indeed correct.

6 0
9 days ago
Greg is in the library just hours before the exam. He notices some of the other students from his class huddled around one of th
murzikaleks [1283]

Answer:

4. Kantian Ethics

Explanation:

Immanuel Kant, a renowned German philosopher, is primarily recognized for his contributions to the field of Ethics.

He coined the term "Categorical Imperative" which represents a universal principle of morality applicable to everyone. Essentially, it implies that all moral dilemmas should be addressed by employing this categorical imperative.

In simpler terms, we should refrain from actions we wouldn't want everyone else to replicate.

3 0
1 month ago
Is it possible to replace discrimination with respect how?​
tia_tia [1357]

Yes, it is entirely feasible to substitute discrimination for respect; in essence, discrimination signifies an act of animosity towards someone, failing to accept or honor their identity or desires. In contrast, respect embodies acceptance and a willingness to support and uplift others. Thus, discrimination can indeed be completely supplanted if humanity as a whole embraces boundaries and respect, as life revolves around learning and overcoming challenges.

6 0
1 month ago
Other questions:
  • Briefly describe ONE key historical similarity or difference between laissez-faire economic policies in the Gilded Age and econo
    15·1 answer
  • Behavioral research differs from behavioral treatment because with behavioral research, researchers must follow strict protocols
    8·2 answers
  • National heritages reflect our identity and glory. justify<br><br><br>.​
    13·1 answer
  • Explain the limitations of opportunity faced by renaissance women. then, explain how this motivated some of the themes of carpe
    11·1 answer
  • Realizeaza patru enunturi , in fiecare dintre acestea utilizand doi dintre urmatorii termeni : cultura, patrie, minoritate etnic
    6·2 answers
  • New immigrants arrived with new traditions, in which changed the way people in this area farmed, the foods they ate, and the lan
    13·1 answer
  • Two experiments are conducted are conducted to determine the mass of an object. In Experiment 1, the object's weight is measured
    5·1 answer
  • Dr. smith is giving 44-year-old jane an intelligence test. jane finds that she really likes answering the questions because they
    6·2 answers
  • Amber is participating in a local psychology experiment in which the research assistant asks amber to hold two pencils in front
    5·2 answers
  • An election system in which the entire state, or a region of the state, selects several representatives and the top vote-getters
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!