subject
Business, 28.07.2019 04:00 tsbrunson13

Six months ago, the price of gasoline was $2.20 per gallon. now, the price is $2.40 per gallon. in response to this price increase, the number of gallons of gasoline purchased has declined by 2 percent. based on this information, what is the absolute price elasticity of demand for gasoline?

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 20:30
Northington, inc. is preparing the company's statement of cash flows for the fiscal year just ended. using the following information, determine the amount of cash flows from operating activities using the indirect method: net income$182,000gain on the sale of equipment12,300proceeds from the sale of equipment92,300depreciation expense—equipment50,000payment of bonds at maturity100,000purchase of land200,000issuance of common stock300,000increase in merchandise inventory35,400decrease in accounts receivable28,800increase in accounts payable23,700payment of cash dividends32,000 $189,400.$332,200.$236,800.$261,400.$186,800.
Answers: 2
question
Business, 22.06.2019 10:30
Which analyst position analyzes information using mathematical models to business managers make decisions? -budget analyst -management analyst -credit analyst -operations research analyst
Answers: 1
question
Business, 22.06.2019 15:00
Why entrepreneurs start businesses. a) monopolistic competition b) perfect competition c) sole proprietorship d) profit motive
Answers: 1
question
Business, 22.06.2019 17:50
What additional information about the numbers used to compute this ratio might be useful in you assess liquidity? (select all that apply) (a) the maturity schedule of current liabilities (b) the average stock price for the industry (c) the average current ratio for the industry (d) the amount of current assets that is concentrated in relatively illiquid inventories
Answers: 3
You know the right answer?
Six months ago, the price of gasoline was $2.20 per gallon. now, the price is $2.40 per gallon. in r...
Questions
question
Mathematics, 22.04.2020 20:44
question
English, 22.04.2020 20:45
question
Mathematics, 22.04.2020 20:45
question
Mathematics, 22.04.2020 20:45
question
Mathematics, 22.04.2020 20:45
Questions on the website: 13722360