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VMariaS [17]
3 years ago
12

The relationship between the price of a good or service and the quantity demanded of that good or service described by the law o

f demand is
Business
1 answer:
Klio2033 [76]3 years ago
8 0

This relationship described between the price and the quantity demanded is known as the <u>Price Elasticity of Demand (PED). </u>

<h3>What is the Price Elasticity of Demand?</h3>
  • It is a measure that shows the relationship between the price of a good and the quantity demanded of it.
  • Shows how sensitive quantity demanded is to a change in price.

When the PED is less than 1, it means that a change in price doesn't affect the quantity demanded as much. When it is more than 1, a change in price will lead to an even higher change in quantity demanded.

In conclusion, this is the Price Elasticity of Demand.

Find out more on PED at brainly.com/question/9235198.

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Park is always willing to give up 1 orange for 3 tangerines. (1) What is the size of MRSTO (marginal rate of substituting tanger
Step2247 [10]

Answer:

1/3

Explanation:

What is the size of MRSTO = 1 /3

The marginal rate of substitution calculates the rate at which a consumer would give up a unit of one good in exchange for one unit of another good while maintaining the same level of utility.

5 0
3 years ago
Which of the following will not help a firm speed up the timing of when it can obtain the use of funds from checks written to it
MaRussiya [10]

Answer:

The correct answer is C

Explanation:

Zero-balance accounts is the checking accounts in which zero amount of balance is maintained through automatically transferring the funds from the master account in an amount which is only large enough in order to cover the checks presented.

This account will not speed up the timing when use the funds from the checks  written as it has keep a zero balance in the account.

6 0
4 years ago
Open the pt activity. perform the tasks in the activity instructions and then answer the question.which interfaces in each route
Tomtit [17]
<span>R1: G0/0 and S0/0/0
R2: G0/1 and S0/0/0

R1>enable
R1# show ip int brief
Interface IP-Address OK? Method Status Protocol
GigabitEthernet0/0 192.168.20.1 YES manual up up
GigabitEthernet0/1 192.168.30.1 YES manual administratively down down
Serial0/0/0 209.165.200.225 YES manual up up
Serial0/0/1 unassigned YES unset administratively down down
Vlan1 unassigned YES unset administratively down down

R2>enable
R2#show ip int brief
Interface IP-Address OK? Method Status Protocol
GigabitEthernet0/0 10.1.2.1 YES manual administratively down down
GigabitEthernet0/1 10.1.3.1 YES manual up up
Serial0/0/0 209.165.200.226 YES manual up up
Serial0/0/1 unassigned YES unset administratively down down
Vlan1 unassigned YES unset administratively down down</span>
4 0
4 years ago
In 2008, the United States began to witness one of the worst recessions since the 1930s. The collapse of the housing bubble in 2
deff fn [24]

Answer:

B. Liquidation.

Explanation:

Liquidation is and aftermath of the inability of a company or establishment to meet up with her obligations at the required moment. Thus, the company folds-up, lay off her staff and stop operating. While reorganization is a form of restructuring in a company or establishment. It may involve change of positions and duties among capable staff.

The example in the given scenario is that of liquidation because it ceased from operation.

3 0
3 years ago
For the firm below, give a classification of which market structure it most accurately fits. Briefly justify your classification
poizon [28]

Answer: Perfect competition

Explanation:

The market structure for a small scale corn farmer is perfect competition. The characteristics of perfect competition include:

1. Large Number of Sellers and Buyers: In a perfect competition, there are large number of buyers and sellers in the market. Producers are price takers and the seller cannot influence the price. There are numerous people on the market that sells corn and no seller can influence price.

2. Homogenous Products: The products are identical. Corn looks thesame and cannot be differentiated.

3. Perfect information. There is perfect information about the prices of products and other necessary information regarding the products. There's a perfect information regarding the corns that are sold.

(4) Free entry and exit: There's free entry and exit as new sellers are free to come into the market. There's no obstacle in the market.

6 0
3 years ago
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