If the price elasticity of demand for used cars priced between $4,000 and $6,000 is -0.75 (using the mid-point method), what will be the percentage change in quantity demanded when the price of a used car falls from $6,000 to $4,000? Instructions: Round your answer to the nearest whole number (percentage).

A computer company's yearly inventory cost is 39 percent (which accounts for the cost of capital for financing the inventory, warehouse space, and the cost of obsolescence). Last year, the company had $375 million in inventory and cost of goods sold of $29 billion.What is the company's total inventory cost for the year (in million $s)? Note: Round your answer to the nearest integer.

Conditions for demand are consumers O willingness but not ability to buy willingness and ability to sell O willingness and ability to buy O ability but not willingness to buy

Which of the following scenarios would cause the price of avocados to rise? Select all that apply. An increase in the supply of avocados An increase in wages paid to avocado farm workers Better infrastructure reduces the cost to transport avocados A return to sanity where people put jelly on their toast instead of avocado A reduction in tariffs on avocados imported from Mexico An increase in demand for avocado toast

Because market and operating conditions are different in each target market all consumers will react similarly to the firm's pricing strategy. the choice of a pricing strategy is not specific to the target market. prices need to be held constant because everything else is changing. only horizontal price fixing should be used. none of the above.

What other factors besides price should be considered before changing your purchasing procedures?

As purchasing agent for Eynan Enterprises in​ Richmond, Virginia, you ask your buyer to provide you with a ranking of​ "excellent" (worth 4​ points), "good"​ (3 points),​ "fair" (2​ points), or​ "poor" ​ (1 point) for a variety of characteristics for two potential​ vendors, Donna Inc.​ (D) and Kay Corp.​ (K). You suggest that​ "Products" total be weighted 0.4​, the​ "Company" total be weighted 0.2​, and the​ "Service" and​ "Sales" totals each be weighted 0.2. The buyer has returned the following ranking. Which of the two vendors would you​ select?   Click the icon to view the rankings. Part 2 You should choose vendor ▼   Donna Inc. Either Kay Corp. or Donna Inc. Kay Corp. ​, with a weighted score of ________. ​(Enter your response rounded to one decimal​ place.)

Why do most demand curves demonstrate an inverse relationship between price and quantity?

June is looking into buying her first home. She is shown a number of houses on the market, but the market appears to be sluggish because there are so few buyers. Interest rates are steady and June has several good prospect homes to choose from at reasonable prices. June is in a... O Seller's market O Lender's market O Builder's market O Buyer's market

An expectation about the price of a given product is known as Group of answer choices quote. market price. reference price. pricing strategy.