When the price of surfboards drops 5% the quantity demanded changes the 20% you know that the price elasticity of demand for surfboards is

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Answer 1

A 1% decrease in price will result in a greater than 1% increase in quantity demanded.

Price Elasticity of Demand = (% change in quantity demanded) / (% change in price)

In this case, the price of surfboards drops by 5%, resulting in a -5% change in price. The quantity demanded changes by 20%, which is a 20% increase.

Using these values, we can calculate the price elasticity of demand:

Price Elasticity of Demand = (20% / -5%) = -4

The price elasticity of demand for surfboards is -4. Since the elasticity value is greater than 1, we can conclude that the demand for surfboards is elastic. This means that a 1% decrease in price will result in a greater than 1% increase in quantity demanded.

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Related Questions

Which best describes the music in the ensemble finale of the Tonight Quintet, heard in this excerpt? Bernstein: Tonight Quintet0:00

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The Tonight Quintet's ensemble finale is a vivacious, vivacious, and vibrant work.

Driving rhythms and vivid melodies are combined in this segment, which concludes with a dramatic finale. The outcome is a complex, bright, and dynamic piece of music that portrays the intensity and enthusiasm of the occasion. The instruments, which include trumpet, trombone, saxophone, bass, and piano, are all involved in an explosive counterpoint of voices.

The thrilling and impactful group finale is a fitting way to cap off an outstanding performance. Everyone plays the same song in perfect unison and harmony as a group during the performance.

The audience is left with an undeniable sense of community and excitement, and the sound is an upbeat and victorious celebration. The energy of the performers radiates through the crowd and propels them to their feet, clapping and cheering with delight.

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the presentation of extended autobiographical monologues is a characteristic of _____

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The presentation of extended autobiographical monologues is a characteristic of confessional poetry.

Confessional poetry is a poetic genre that emerged in the mid-20th century, primarily in the United States. It is characterized by intensely personal and autobiographical subject matter, often addressing deeply personal and sensitive topics such as trauma, mental illness, relationships, sexuality, and identity.

Prominent confessional poets include Sylvia Plath, Anne Sexton, Robert Lowell, and John Berryman. These poets were instrumental in shaping and defining the confessional poetry movement in the 20th century.

Confessional poetry challenged traditional notions of poetic decorum and opened up new avenues for personal expression within the realm of poetry. It continues to influence contemporary poetry, allowing poets to explore their lived experiences, emotions, and personal truths through their art.

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experimental theatre of the 1960s and 1970s included _______ , which were unstructured theatrical events that occurred with minimal planning and organization to remind audiences theatre can and should happen anywhere.

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Experimental theatre of the 1960s and 1970s included "happenings," which were unstructured theatrical events that occurred with minimal planning and organization to remind audiences that theatre can and should happen anywhere.

Happenings were often immersive and interactive, blurring the line between performer and audience member. They were often characterized by spontaneity and a lack of script, relying instead on improvisation and audience participation.

Happenings were a way for artists to push the boundaries of traditional theatre and explore new forms of expression. They were also a response to the social and political upheavals of the time, with many happenings incorporating themes of anti-war activism and civil rights.

Overall, happenings were a significant part of the experimental theatre movement of the 1960s and 1970s and continue to influence contemporary theatre and performance art.

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Which of the following compositions are examples of Tchaikovsky's music for ballet?
- Romeo and Juliet
- Swan Lake
- Sleeping Beauty
- The Nutcracker

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All of the compositions listed are examples of Tchaikovsky's music for ballet. Romeo and Juliet, Swan Lake, Sleeping Beauty, and The Nutcracker are some of the most famous ballets that Tchaikovsky composed music for.

1. Romeo and Juliet: Tchaikovsky composed a ballet based on William Shakespeare's tragic love story, "Romeo and Juliet." The ballet premiered in 1876, but it faced challenges and revisions before gaining popularity in its revised form. Tchaikovsky's music captures the emotional intensity of the story, with sweeping melodies and dramatic orchestration.

2. Swan Lake: One of Tchaikovsky's most famous and enduring works, "Swan Lake," premiered in 1877. It tells the story of Princess Odette, cursed to be a swan during the day, and Prince Siegfried, who falls in love with her. Tchaikovsky's score for "Swan Lake" features beautiful melodies, haunting themes, and powerful orchestration. The ballet's grand pas de deux and the iconic "Dance of the Swans" are highlights of Tchaikovsky's music.

3. Sleeping Beauty: Tchaikovsky composed the music for "Sleeping Beauty," which premiered in 1890. The ballet is based on Charles Perrault's fairy tale and follows the story of Princess Aurora, who is cursed to sleep for a hundred years until awakened by true love's kiss. Tchaikovsky's score for "Sleeping Beauty" is filled with enchanting melodies, lively dances, and symphonic richness, capturing the magical and romantic atmosphere of the story.

4. The Nutcracker: One of Tchaikovsky's most beloved compositions, "The Nutcracker," premiered in 1892. It has become a holiday tradition in many parts of the world. The ballet tells the story of Clara and her magical journey with the Nutcracker Prince. Tchaikovsky's score for "The Nutcracker" is enchanting, featuring memorable melodies like the "Dance of the Sugar Plum Fairy" and the lively "Waltz of the Flowers."

These four ballets represent some of Tchaikovsky's most iconic and influential works. His music for ballet showcases his ability to create evocative melodies, expressive themes, and orchestral grandeur, contributing to the enduring popularity of these ballets to this day.

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Which wild west crime was last documented on december 5, 1916?.

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The last documented wild west crime occurred on December 5, 1916, when outlaw and cattle rustler Tom Ketchum, also known as Black Jack, was executed by hanging in New Mexico.

Ketchum had a long history of criminal activity, including robbing trains and banks, and had even attempted to rob a post office with his brother, resulting in Tom losing his right arm due to injuries sustained during the botched robbery. After being captured and convicted, Ketchum became the last person to be publicly executed in the western United States.

His hanging marked the end of an era for the wild west and the beginning of a more modern approach to law enforcement and justice.

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In the regression of y on x, the error term exhibits heteroskedasticity if _____. a. it has a constant variance b. Var(y|x) is a function of x c. x is a function of y d. y is a function of x

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In the regression of y on x, the error term exhibits heteroskedasticity if Var(y|x) is a function of x .

The answer is b.

Var(y|x) is a function of x. Heteroskedasticity, or unequal variance, occurs when the variance of the error term, Var(y|x), is a function of one or more of the independent variables, x.

Put another way, it refers to the scenario in which the amount of variation in the values of y observed for different values of x is not constant across different values of x. In short, the residuals spread out roughly proportionately with the changes in x. This pattern of unequal variance greatly impacts the reliability of the resulting regression model.

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a car's horn produces a sound wave of constant frequency. as the car speeds up going away from a stationary spectator, the sound wave detected by the spectator

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When a car accelerates and moves away from a stationary spectator, the sound wave detected by the spectator experiences a shift in frequency. This occurrence is referred to as the Doppler effect.

The Doppler effect occurs when there is relative motion between the source of a wave (in this case, the car) and the observer (the stationary spectator). In the case of sound waves, if the source is moving away from the observer, the perceived frequency of the sound decreases. This means that the pitch of the sound appears lower to the spectator.

When a car's horn emits a sound wave of a consistent frequency and accelerates while moving away from a spectator, the perceived frequency of the sound wave decreases. This is because the sound waves are stretched out, or "stretched" in terms of wavelength, due to the motion of the source away from the observer.

Consequently, the sound wave detected by the spectator will have a lower frequency and hence a lower pitch compared to the original frequency of the car's horn. The change in frequency is proportional to the relative velocity between the car and the spectator.

It's worth noting that the Doppler effect also applies when the source is moving towards the observer, in which case the perceived frequency increases. However, in the scenario described, with the car moving away from the spectator, the sound wave frequency is observed to decrease.

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TRUE/FALSE which of the following is not true about gregorian chant (plainchant) melodies?

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"They are in Hebrew and Syrian." is NOT true of Gregorian chant (plainchant) melodies. So the option d is correct.

Latin is used to write Gregorian chant (plainchant) tunes, not Hebrew or Syrian. The melodies, which had their genesis in the Latin Church of Late Antiquity, developed throughout the Middle Ages before becoming a mainstay of European classical music in the baroque and classical periods.

Gregorian chant melodies are written in Latin, despite the fact that certain translations may exist in other languages. Nearly all of the melodies in Gregorian chant are composed in Latin, and the music is based on a Latin text. Even if there may be adaptations in other languages, the original melodies for the majority of the modern chant tunes are in Latin.

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The complete question is:

Which of the following is NOT true of Gregorian chant (plainchant) melodies?

Select one:

a. There are over 3,000 in existence.

b. The composers of most of them are unknown.

c. They are in Latin.

d. They are in Hebrew and Syrian.

When compared to an audit performed prior to 1900, an audit today: Multiple Choice Includes a more detailed examination of all individual transactions. Is less likely to include consideration of the effectiveness of internal control. Has bank loan officers as the primary financial statement user group. Is more likely to use sampling in more areas.

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Modern audits today are much more detailed than audits from prior to 1900.

The correct option is A.

Auditors today are expected to carefully examine each and every individual transaction, ensuring its accuracy and validity and also providing assurance to the stakeholders. Not only are auditors today more focused on the accuracy of individual transactions but they are also expected to assess the effectiveness of internal controls.

Moreover, the primary financial statement user group is no longer just loan officers; nowadays, it typically includes investors, creditors, and analysts, who use the financial information to assess the financial health of the company.

Finally, modern audits are more likely to use sampling in more areas due to advances in technology and more complex financial approaches. Sampling enables auditors to evaluate compliance with laws and regulations in order to detect potential fraud, thereby providing more thorough auditing process for stakeholders.

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The  Question-

When compared to an audit performed prior to 1900, an audit today:

Multiple Choice

A. Includes a more detailed examination of all individual transactions.

B.Is less likely to include consideration of the effectiveness of internal control.

C.Has bank loan officers as the primary financial statement user group.

D.Is more likely to use sampling in more areas.

in his first long speech in 2.1, brutus compares caesar to a newly hatched serpent to show that caesar is —

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In his first long speech in 2.1, Brutus compares Caesar to a newly hatched serpent to show that Caesar is potentially dangerous and has the potential to become a threat.

In Act 2, Scene 1 of William Shakespeare's play "Julius Caesar," Brutus delivers a soliloquy where he contemplates the rise of Caesar and his own concerns about his friend's increasing power. In this speech, Brutus uses the metaphor of a newly hatched serpent to illustrate his perception of Caesar's potential danger and the threat he could pose to the Roman Republic.

Brutus compares Caesar's rise to power to a newly hatched serpent, emphasizing the potential for harm and the need for early intervention. He suggests that Caesar's accumulation of power and influence has the potential to transform him into a formidable threat to the Roman Republic, and that taking action against Caesar's rise to power early on is necessary to prevent the potential harm he could cause to Rome's political system and the people's liberties.

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Who is the only non jedi in the original star wars trilogy to use a lightsaber?.

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Han Solo is the only non jedi in the original star wars trilogy to use a lightsaber.

George Lucas invented the fictional character of Han Solo for the Star Wars series. Han Solo and Chewbacca make their first appearance in the original trilogy as smugglers who are recruited by Ben Kenobi and Luke Skywalker to bring them to Alderaan so they may deliver the stolen Death Star designs.  

Han Solo teams up with scavenger Rey and ex stormtrooper Finn in the sequel trilogy, which takes place decades later, to aid them and the Resistance in their struggle against the First Order. Han is murdered by his son, but he later reappears in his son's memories and aids in converting him to the good side of the Force.

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