Considering plan in which customers who donate blood

Assignment Help Business Economics
Reference no: EM131196813

Suppose that a store’s management is considering a plan in which customers who donate blood get a $20 gift card. If both store REVENUES and blood donations (i.e., number of pints donated) rise with this plan, which of the following is true? Be sure to explain your reasoning.

A. The demand for blood is price elastic.

B. The demand for blood is price inelastic.

C. The demand for the store’s products is price inelastic.

D. The demand for the store’s products is price elastic.

Reference no: EM131196813

Questions Cloud

Dissertation manuscript evaluation : Please need to answer the below in 8-10 pages with references and proper formatting. How does a company strategically change from a traditional marketing approach to customer targeted marketing?
Will you look for any specific personality characteristics : Based on the client's response to police interrogation, how should you conduct your interview? Specifically, what should you avoid when attempting to gather accurate information from the client?
Find the probability that ten employees must be tested : find the probability that ten employees must be tested to find three positives.
Understanding and practical application of marketing : Write an essay to demonstrate your theoretical understanding and practical application of Marketing. Select one of the essay topics below and write an essay of 1500 words. The essay must be referenced with relevant upto-date sources.
Considering plan in which customers who donate blood : Suppose that a store’s management is considering a plan in which customers who donate blood get a $20 gift card. If both store REVENUES and blood donations (i.e., number of pints donated) rise with this plan, which of the following is true? Be sure t..
Find probability that first non-defective engine is found : If engines are randomly selected one at a time and tested, find the probability that the first non-defective engine is found on the second trial.
Analyzes how your chosen artifact of popular culture relates : Write a 400- to 500-word essay that analyzes how your chosen artifact of popular culture relates to society's values. Explain how this new popular culture artifact defines or disrupts "normal."
Limit the amount of imports from countries : Many developed nations have organizations such as unions that either oppose or limit the amount of imports from countries where low wages exist. The unions cite that importing goods from low-wage countries does not allow for a level playing field...
The ink manufacturer if the government taxes ink : A producer of ballpoint pens has been purchasing ink from an ink supplier and is considering acquiring the ink supplier. Would the pen company be more or less likely to vertically integrate by buying the ink manufacturer if the government taxes ink? ..

Reviews

Write a Review

Business Economics Questions & Answers

  What are too big to fail financial institutions

A major issue that has arisen after the 2008 Financial Crisis is the debate over “Too Big to Fail” financial institutions. a. What are “Too Big to Fail” financial institutions? b. What are the major concerns with the size of these corporations? c. Wh..

  Data represents firm serving transportation market

The following data represents a firm serving a transportation market. Total Output Total Revenue Total Cost 0 $0 $1,000 1 $1,700 $2,000 2 $3,300 $2,800 3 $4,800 $3,500 4 $6,200 $4,000 5 $7,500 $4,500 6 $8,700 $5,200 7 $9,800 $6,000 8 $10,800 $7,000 9..

  Concept of ethics change in international environment

What is ethics? How does the concept of ethics change in an international environment? What impact does diversity have on the development and implematation of an organizational ethics program?

  Long commute to work is an undesirable characteristic

One could argue that a long commute to work is an undesirable characteristic of any job. If most people live in the suburbs.

  How cost variance calculated

How cost variance calculated? What does it mean when it's negative? What does it mean when it's positive? When evaluating a work package with a negative cost variance.

  Dividends paid reduce the net income that is reported

Bartling Energy Systems recently reported $9,250 of sales, $5,750 of operating costs other than depreciation, and $700 of depreciation. The company had no amortization charges.

  Use the aggregate demand and supply model

Use the Aggregate Demand/Supply Model to: A) Explain the circumstances under which expansionary fiscal policy will result only in inflation. Explain the economic conditions that cause this to be so, and use appropriate graphs to augment your discussi..

  What is the significance and role of hospital foundations

What is the significance and role of hospital foundations? Research, describe and discuss some contemporary hospital foundations. Be sure to include references.

  Calculate the initial price of the bond

Suppose you purchased a 25-year, $2.5 million deep discount bond when it was intially offered. Four years later you sell the bond and market interest rates have risen from 6.25% to 8.54%. Calculate the initial price of the bond. Calculate the current..

  What is the equilibrium quantity

What would be the equilibrium price?  What is the equilibrium quantity?

  Illustrate what do you think will happen to these factors

Identify and explain five major factors that affect the demand for starbucks. Illustrate what do you think will happen to these factors over the next year.

  Are capital markets a necessary evil

Are capital markets a necessary evil? Can the current capital market structure be fixed? Are there better alternatives? Please elaborate.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd