Ask Question
BusinessBusiness
28 July, 10:27

Walmart is thinking about offering a 25% discount on a brand of shoes. If the elasticity of demand is two, then the discount would increase sales by

+1
Answers (1)
  1. 28 July, 11:08
    0
    Elasticity of demand is a measurement used in economics to show how people respond and demand a product or service when nothing but the price changes.

    If Walmart were to discount a shoe by 25% and the demand of the shoes is two pair, sales would increase by 50%. People are purchasing two pairs at this price and receiving 25% off of each pair.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Walmart is thinking about offering a 25% discount on a brand of shoes. If the elasticity of demand is two, then the discount would increase ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
After she creates the budget above, Zoe moves in with a roommate so she can save money for a car. Her rent is now 25 percent of her salary. Which of these should she do to buy a car quickly? A.
Answers (1)
What is a mass number
Answers (1)
The brake pedal is low and spongy; all brake adjustments have been completed according to specifications. the cause of the problem could be
Answers (1)
Included in Marigold Company's December 31 trial balance is a note receivable of $7,920. The note is a 4-month, 10% note dated October 1.
Answers (1)
Stock Acquisition McDermott Corporation has been in the midst of a major expansion program. Much of its growth had been internal, but in 20X1 McDermott decided to continue its expansion through the acqui - sition of other companies.
Answers (1)
New Questions in Business
Which job title would be given to someone responsible for supervising production in a manufacturing setting?
Answers (1)
If a management team wishes to boost the company's stock price, then it should consider actions to
Answers (1)
On March 15, Year 1, Kathleen Corp. adopted a plan to accumulate $1,000,000 by September 1, Year 5. Kathleen plans to make 4 equal annual deposits to a fund that will earn interest at 10% compounded annually.
Answers (1)
A natural monopoly's preemption of entry by other firms by exploiting its economies of scale is an example of
Answers (2)
The best way for a franchisee and franchisor to evaluate each other is Question options: for the potential franchisee to go to a sales presentation. for the potential franchisee to spend time working in a franchise location.
Answers (1)
Home » Business » Walmart is thinking about offering a 25% discount on a brand of shoes. If the elasticity of demand is two, then the discount would increase sales by
Sign Up Forgot Password?