{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-11T11:11:42-04:00", "answer_date": "2024-06-11 11:11:42", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "2652767", "url": "\/study-help\/questions\/this-activity-is-important-because-marketing-managers-want-to-know-2652767", "question_creation_date_js": "2024-06-11T11:11:42-04:00", "question_creation_date": "Jun 11, 2024 11:11 AM", "meta_title": "[Solved] This activity is important because market | SolutionInn", "meta_description": "Answer of - This activity is important because marketing managers want to know how sensitive consumer demand is to changes in a pr | SolutionInn", "meta_keywords": "activity,important,marketing,managers,sensitive,consumer,demand,product,s,price,elasticity,measures", "question_title_h1": "This activity is important because marketing managers want to know how sensitive consumer demand is to changes in a product's price. Price elasticity of demand", "question_title": "This activity is important because marketing managers want to know how sensitive", "question_title_for_js_snippet": "This activity is important because marketing managers want to know how sensitive consumer demand is to changes in a product's price Price elasticity of demand measures consumer demand reactivity to pricing changes and is expressed as follows Price elasticity of demand (E) Percentage change in quantity demanded Percentage change in price The goal of this activity is to demonstrate your understanding of price elasticity of demand by calculating and classifying the price elasticity of demand for Apple products Macbook air sales are 1 6 millions unitis are $14999 apple raises by 10 percent, sale decreases to 1", "question_description": "This activity is important because marketing managers want to know how sensitive consumer demand is to changes in a product's price. Price elasticity of demand measures consumer demand reactivity to pricing changes and is expressed as follows: Price elasticity of demand (E) = Percentage change in quantity demanded Percentage change in price The goal of this activity is to demonstrate your understanding of price elasticity of demand by calculating and classifying the price elasticity of demand for Apple products.Macbook air sales are 1.6 millions unitis are $14999. apple raises by 10 percent, sale decreases to 1", "transcribed_text": "", "related_book": { "title": "Auditing Cases An Interactive Learning Approach", "isbn": "0132423502, 978-0132423502", "edition": "4th Edition", "authors": "Steven M Glover, Douglas F Prawitt", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/2021\/11\/617f9c5958703_048617f9c58eeedc.jpg", "uri": "\/textbooks\/auditing-cases-an-interactive-learning-approach-4th-edition-0132423502", "see_more_uri": "" }, "free_related_book": { "isbn": "979-8858398905", "uri": "\/textbooks\/charting-a-new-odyssey-1st-edition-979-8858398905-241717", "name": "Charting A New Odyssey", "edition": "1st Edition" }, "question_posted": "2024-06-11 11:11:42", "see_more_questions_link": "\/study-help\/questions\/business-corporate-finance-2020-July-01", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/personal-automobile-policy-coverage-marc-rose-has-a-pap-with", "description": "Personal automobile policy coverage. Marc Rose has a PAP with coverage of $25,000\/$50,000 for bodily injury liability, $25,000 for property damage liability, $5,000 for medical payments, and a $500...", "stars": 3 }, { "url": "\/study-help\/principles-of-management-\/would-you-consider-a-career-in-sales-or-marketing-why-1540148", "description": "Would you consider a career in sales or marketing? Why or why not? LO5", "stars": 3 }, { "url": "\/study-help\/psychology\/5-list-the-parts-of-an-iep-that-must-be-1984595", "description": "5. List the parts of an IEP that must be in writing. Identify the aspect(s) of the IEP for which Ms. Morris is responsible.", "stars": 3 }, { "url": "\/study-help\/questions\/part-1-dr-jacobs-west-is-an-investment-manager-246938", "description": "PART 1 Dr. Jacobs West is an investment manager for Prokop Investments. He is currently faced with the question of which company to invest in. There are five potential investment companies located...", "stars": 3 }, { "url": "\/study-help\/questions\/from-your-experience-think-about-the-sales-process-for-an-9810069", "description": "From your experience, think about the sales process for an online or brick-and-mortar store. Describe some business rules that help provide internal controls over that process.", "stars": 3 }, { "url": "\/study-help\/questions\/30-in-a-current-sinking-dc-input-module-a-the-392795", "description": "The volume of world trade in merchandise is growing faster than world GDP. This implies that Select one: O a. the global economy is headed for a large downward correction. O b. the economies of the...", "stars": 3 }, { "url": "\/study-help\/questions\/7-how-did-boeing-corporate-strategy-impact-design-and-production-1004200", "description": "7. How Did Boeing Corporate Strategy Impact Design and Production of the 737 Max, and How Did Airbus Influence Boeing's Strategy and Product Quality (Starting in 2011)", "stars": 3 }, { "url": "\/study-help\/questions\/in-your-organization-are-the-majority-of-physicians-employed-by-1004273", "description": "In your organization, are the majority of physicians employed by the hospital or private practice? Do you think that being employed by a hospital or health service organization has a more positive...", "stars": 3 }, { "url": "\/study-help\/questions\/should-there-be-continued-support-for-the-funding-of-primary-1004136", "description": "Should there be continued support for the funding of primary care physician (Internists, Family Physicians, Psychiatrists, Geriatricians) education or shift resources to \"associated healthcare...", "stars": 3 }, { "url": "\/study-help\/questions\/what-did-target-canada-do-wrong-in-their-supply-chain-1004262", "description": "What did Target Canada do wrong in their supply chain? What managerial decision errors took place? What was wrong with Target Canada's Information Systems in general? What was wrong with Target...", "stars": 3 }, { "url": "\/study-help\/questions\/a-product-that-is-simple-complete-and-ready-that-is-1004420", "description": "A product that is simple, complete, and \"ready,\" that is to say works well enough is often the winner over a super product that does a lot more but is difficult to use and buggy. What examples of...", "stars": 3 }, { "url": "\/study-help\/questions\/n-figure-31-to-increase-investment-society-should-figure-31-4950253", "description": "n Figure 3.1, to increase investment, society should: Figure 3.1 Graph-Bowed out production possibilities curve with capital goods on the vertical axis and consumption goods on the horizontal axis;...", "stars": 3 }, { "url": "\/study-help\/project-management-\/define-monitoring-are-there-any-additional-activities-that-should-be-1535397", "description": "Define monitoring. Are there any additional activities that should be part of the monitoring function? LO6", "stars": 3 }, { "url": "\/study-help\/project-management-\/what-are-the-primary-difficulties-experienced-in-the-design-of-1535393", "description": "What are the primary difficulties experienced in the design of project reports? LO6", "stars": 3 }, { "url": "\/study-help\/project-management-\/describe-the-various-ways-that-ev-can-be-found-lo6-1535389", "description": "Describe the various ways that EV can be found. LO6", "stars": 3 } ], "next_back_navigation": { "previous": "\/study-help\/questions\/a-nation-that-can-produce-tea-with-less-labour-and-2652766", "next": "\/study-help\/questions\/perfect-competition-is-rare-because-it-makes-more-sense-to-2652768" }, "breadcrumbs": [ { "name": "Study help", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers" }, { "name": "Business", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business" }, { "name": "Economics", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-economics" }, { "name": "This activity is important because marketing managers want to know how sensitive", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/this-activity-is-important-because-marketing-managers-want-to-know-2652767" } ], "skill_details": { "skill_id": "12", "skill_name": "Economics", "parent_id": "1" } } } }