Business, 28.12.2019 07:31 Skylynn11

Determine which types of cutomers are likely to have a more elastic demand and which types of customers are likely to have a more inelastic demand. make sure to place token in a bin.

more elastic more inelastic

a. customers who are good at shopping around

b. customers who know what they like and just buy it

c. customers who walk up to a rental car desk right off of the plane

d. customers who reserve a car online weeks before a trip

e. customers who must have the latest fashion

f. customers who can wait to buy fashionable items

Answers: 3

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Answers

Answer from: Alreef8468

Elastic demands are,

1. Customers who know what they like and just buy it.

2. Customers home Reserve a car online weeks before a trip.

3. Customers who can wait to buy fashionable items.

Inelastic demands are,

1. Customers who are good at shopping around.

2. Customers who walk up to a rental car desk right off of the plane.

3. Customers who must have the latest fashionable items.

Explanation:

Elastic demands are demands noticed when a manufacturer decreases the selling price of a particular product by x%, the number of units demanded/sold will increase accordingly. For example, if the price of a hot selling mobile phone will drop by 10%, its demand will dramatically be increased by more than 50%. Elastic demand is when the customer will wait to buy a good till their price reaches to their own preferences.

Inelastic demands are demands noticed when the demand for a particular product won't change much if the price is increased or decreased. For example, if the tariffs of prepaid and postpaid mobile phone users are increased by 1%, number of subscribers won't decrease but remain almost the same. Inelastic demand is when the customer would buy the goods irrespective of the price.

Answer from: Quest

the investment was $14,174.196

explanation:

a lump sum means that the father of the example made one deposit and leave it be.

we need to know the value of a capital that generated at 4.05% per year during 28 years the sum of $48,613.24

$capital * (1+0.045)^{28} = 48,613.24$

now clearing the formula to solve for capital we got:

$capital = \frac{48,613.24}{(1+0.045)^{28}}$

and we reach the answer investment = $14,174.20

Answer from: Quest

$527.7.if the following was the question $527.7 is the answer.students who are trying to raise funds have an agreement with a local pizza chain. the chain has agreed to sell them pizzas at a discount, which the students can then resell to families in the local community for a profit. it is expected that of the 500 families in the community, at most 70% will buy pizza. based on a survey of their personal preferences, the students believe that they should order no more than 120 cheese pizzas, no more than 150 pepperoni pizzas, and no more than 100 vegetarian pizzas. they also want to make sure that at least 20% of the total pizzas are cheese and at least 50% of the pizzas are pepperoni. they make a profit of $1.45, $1.75, and $1.98, respectively, for each cheese, pepperoni, and vegetarian pizza they resell. how many pizzas of each type should they buy?

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