Which of the following describe a product with an elastic demand? A: Computer tablet for surfing...
Which of the following describe a product with an elastic demand?
A: Computer tablet for surfing the internet.
B: An appointment with a dentist.
Homework Answers
Option A.
- Goods are said to be price elastic if their demand is inversely related to the changes in price's.
- That is when the price of a good increases its demand decreases, due to which people will prefer one good or the other.
- The price of Computer tablets have a big effect on the quantity consumers wish to buy. That is when the price of the tablet reduces people would buy more of tablets for surfing the internet.
Add Answer to:
Which of the following describe a product with an elastic demand? A: Computer tablet for surfing...
Which of the following causes demand for a product to be elastic? Select one: a. supply...
Which of the following causes demand for a product to be elastic? Select one: a. supply b. substitutes c. sunk cost d. none of the above
Flint Company sells tablet PCs combined with Internet service, which permits the tablet to connect to...
Flint Company sells tablet PCs combined with Internet service, which permits the tablet to connect to the Internet anywhere and set up a Wi-Fi hot spot. It offers two bundles with the following terms. 1. Flint Bundle A sells a tablet with 3 years of Internet service. The price for the tablet and a 3-year Internet connection service contract is $512. The standalone selling price of the tablet is $246 (the cost to Flint Company is $174). Flint Company sells...
Flint Company sells tablet PCs combined with Internet service, which permits the tablet to connect to...
Flint Company sells tablet PCs combined with Internet service, which permits the tablet to connect to the Internet anywhere and set up a Wi-Fi hot spot. It offers two bundles with the following terms. 1. Flint Bundle A sells a tablet with 3 years of Internet service. The price for the tablet and a 3-year Internet connection service contract is $512. The standalone selling price of the tablet is $246 (the cost to Flint Company is $174). Flint Company sells...
Kingbird Company sells tablet PCs combined with Internet service, which permits the tablet to connect to...
Kingbird Company sells tablet PCs combined with Internet
service, which permits the tablet to connect to the Internet
anywhere and set up a Wi-Fi hot spot. It offers two bundles with
the following terms.
1.
Kingbird Bundle A sells a tablet with 3 years of Internet
service. The price for the tablet and a 3-year Internet connection
service contract is $488. The standalone selling price of the
tablet is $252 (the cost to Kingbird Company is $178). Kingbird
Company sells...
which of the following is true about the elasticity of demand for this product at the...
which of the following is true about the elasticity of demand
for this product at the prices given?
Ullowing information to answer questions 12 and 13. A company is currently selling 100,000 products a year at a price of $10 each. Through market research they know that if they were to lover the price to $8 they would sell 110,000 products a year. 12: Which of the following is true about the elasticity of demand for this product at the...
a) demand for a product is said to be highly elastic when a relatively ___ chnage...
a) demand for a product is said to be highly elastic when a relatively ___ chnage in price leads to a relatively ___ change in demand. Answer choices are large/small, small/large, small/small, large/large or large/moderate b) in deciding upon a particular price to be charged for a product, a marketing manager might ask herself many questions. which of these questions would be most importanr from a marketing point of view? a. how about a 25% mark up on cost? b....
Crane Company sells tablet PCs combined with Internet service, which permits the tablet to connect to...
Crane Company sells tablet PCs combined with Internet service, which permits the tablet to connect to the Internet anywhere and set up a Wi-Fi hot spot. It offers two bundles with the following terms. 1. Crane Bundle A sells a tablet with 3 years of Internet service. The price for the tablet and a 3-year Internet connection service contract is $494. The standalone selling price of the tablet is $225 (the cost to Crane Company is $176). Crane Company sells...
8.) Derived demand is exemplified in which of the following? a.) The salary of computer techs...
8.) Derived demand is exemplified in which of the following? a.) The salary of computer techs rise, resulting in a decrease in supply and an increase in demand. b.) The salary of computer techs fall, resulting in an increase in supply and a decrease in demand. c.) Consumers want computers, so producers raise the price of computers. d.) Consumers want faster computers, so technology firms invest in capital and labor. e.) None of the above 9.) Demand for capital a.)...
Carla Company sells tablet PCs combined with Internet service, which permits the tablet to connect to...
Carla Company sells tablet PCs combined with Internet service, which permits the tablet to connect to the Internet anywhere and set up a Wi-Fi hot spot. It offers two bundles with the following terms. 1. Carla Bundle A sells a tablet with 3 years of Internet service. The price for the tablet and a 3-year Internet connection service contract is $505. The standalone selling price of the tablet is $263 (the cost to Carla Company is $160). Carla Company sells...
Stellar Company sells tablet PCs combined with Internet service, which permits the tablet to connect to...
Stellar Company sells tablet PCs combined with Internet
service, which permits the tablet to connect to the Internet
anywhere and set up a Wi-Fi hot spot. It offers two bundles with
the following terms.
1.
Stellar Bundle A sells a tablet with 3 years of Internet
service. The price for the tablet and a 3-year Internet connection
service contract is $455. The standalone selling price of the
tablet is $234 (the cost to Stellar Company is $171). Stellar
Company sells...
Kingbird Company sells tablet PCs combined with Internet
service, which permits the tablet to connect to the Internet
anywhere and set up a Wi-Fi hot spot. It offers two bundles with
the following terms.
1.
Kingbird Bundle A sells a tablet with 3 years of Internet
service. The price for the tablet and a 3-year Internet connection
service contract is $488. The standalone selling price of the
tablet is $252 (the cost to Kingbird Company is $178). Kingbird
Company sells...
which of the following is true about the elasticity of demand
for this product at the prices given?
Ullowing information to answer questions 12 and 13. A company is currently selling 100,000 products a year at a price of $10 each. Through market research they know that if they were to lover the price to $8 they would sell 110,000 products a year. 12: Which of the following is true about the elasticity of demand for this product at the...
Crane Company sells tablet PCs combined with Internet service, which permits the tablet to connect to the Internet anywhere and set up a Wi-Fi hot spot. It offers two bundles with the following terms. 1. Crane Bundle A sells a tablet with 3 years of Internet service. The price for the tablet and a 3-year Internet connection service contract is $494. The standalone selling price of the tablet is $225 (the cost to Crane Company is $176). Crane Company sells...
8.) Derived demand is exemplified in which of the following? a.) The salary of computer techs rise, resulting in a decrease in supply and an increase in demand. b.) The salary of computer techs fall, resulting in an increase in supply and a decrease in demand. c.) Consumers want computers, so producers raise the price of computers. d.) Consumers want faster computers, so technology firms invest in capital and labor. e.) None of the above 9.) Demand for capital a.)...
Carla Company sells tablet PCs combined with Internet service, which permits the tablet to connect to the Internet anywhere and set up a Wi-Fi hot spot. It offers two bundles with the following terms. 1. Carla Bundle A sells a tablet with 3 years of Internet service. The price for the tablet and a 3-year Internet connection service contract is $505. The standalone selling price of the tablet is $263 (the cost to Carla Company is $160). Carla Company sells...
Stellar Company sells tablet PCs combined with Internet
service, which permits the tablet to connect to the Internet
anywhere and set up a Wi-Fi hot spot. It offers two bundles with
the following terms.
1.
Stellar Bundle A sells a tablet with 3 years of Internet
service. The price for the tablet and a 3-year Internet connection
service contract is $455. The standalone selling price of the
tablet is $234 (the cost to Stellar Company is $171). Stellar
Company sells...
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