Ou are the manager of a popular hat company. You know that the advertising elasticity of demand for your product is 0.25. How much will you have to increase advertising in order to increase demand by 5 percent?

Increase the advertising by 20% in order to increase demand by 5%

Explanation:

Demand for a product is elastic when a change in price causes change in the demand for that product.

When the change in price doesn't change the demand of the product then the demand for the product is inelastic.

The elasticity of demand is calculated

Elasticity of demand = Change in demand / Change in advertising

Change in advertising = Change in demand/Elasticity of demand

We want to increase the demand by 5% and the elasticity of demand is 0.25

Change in advertising = 0.05/0.25

Change in advertising = 0.20*100%

Change in advertising = 20%

Therefore, we have to increase advertising by 20% in order to increase demand by 5%

a progressive tax is a tax that imposes a lower tax rate on low-income earners compared to those with a higher income, making it based on the taxpayer's ability to pay. that means it takes a bigger percentage from high income earners than it does from low income people.

answer: yo mama

explanation: yo mama