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nataly862011 [7]
1 year ago
15

Question 6 of 20

Business
1 answer:
tatiyna1 year ago
4 0

A product with a high level of elasticity of demand has the feature of the B. Demand for the product rises and falls depending on circumstances.

<h3>What is Elasticity of Demand?</h3>

This refers to the extent to which there is a price change that causes a product to have a change in demand.

Hence, we can see that when there is a high elasticity of demand, it is usually because there is a variable change in the quantity demanded in relation to its price and this means that B. Demand for the product rises and falls depending on circumstances.

Read more about elasticity of demand here:

brainly.com/question/19141990

#SPJ1

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He kelly family and the stewart family each used their sprinklers last summer. the water output rate for the kelly family's spri
tigry1 [53]
This problem is actually under the subject of Mathematics, particularly, Algebra. For work problems, you can use a convenient technique of dimensional analysis. This is done by multiplying units of measurement, then cancelling out like terms in order to come up with the units of the final answer. For this problem, the total amount of liters is 2,100. So, the equation would be

Volume of Kelly's family + Volume of Stewart's family = 2,100

However, we are only given the rates for each family in liters per hour. To come up with the final answer with a unit of measurement in Liters, we must multiple the rate of L/hour with the individual time. Let x be the time Kelly's sprinkler was used, and y for Stewart's family.

(20 L/h)(x hours) + (40 L/h)(y hours) = 2,100

This is the first equation. The second equation is the total time. 

x + y = 65 hours

Rearranging the equation, y = 65 - x. Let's substitute this to the first equation.

20x + 40(65-x) = 2,100

Solving for x, then substituting it to the second equation to obtain y,

x = 25 hours
25 + y = 65
y = 40 hours.

Thus, Kelly's sprinkler was used for 25 hours, while Stewart's sprinkler was used for 40 hours.
8 0
3 years ago
One of the biggest ethical risks in supply chain management is that the __________ supply chain member tends to be the one that
gladu [14]

One of the biggest ethical risks in supply chain management is that the <u>most visible</u> supply chain member tends to be the one that suffers the blame and/or lost goodwill when something goes wrong.most visible.

<h3>What is ethical risk?</h3>

  • In reaction to their unethical behaviors, actors end up externalizing their locus of control, as if they had no other choice.
  • In this manner, actors reduce their own power to identify a profitable alternative course of action. They reduce their freedom to choose.
  • On the other hand, inclusive awareness of ethical and unethical aspects triggers a natural search for more ethical actions (Cf. Psychological attitudes towards ethical dissonance).
  • A rational analysis of the interest of such a more ethical alternative allows avoiding exaggeration of its costs (without proper analysis, a typical justification of an unethical action is that an alternative course of action would be too costly).
  • Further, awareness of potential ethical costs increases the relative attractiveness of an alternative more ethical action. The re-framing of the situation allows the identification of new opportunities otherwise hidden to the actors.

To learn more about ethical risk from the given link

brainly.com/question/8377024

#SPJ4

4 0
1 year ago
Inflation does not affect both local and international business true or false
ziro4ka [17]

Answer:

true

Explanation:

inflation effects every aspect of the economy

8 0
2 years ago
Read 2 more answers
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steposvetlana [31]
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5 0
2 years ago
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If the transactions velocity of money remains constant while the quantity of money doubles, the: price of the average transactio
WITCHER [35]

Answer:

<u>price of the average transaction multiplied by the number of transactions must double</u>

Explanation:

This follows the principle of the Quantity theory of money. Thus according to this theory when the rate of change of the transactions of money in an economy has remain constant or unchanged, while the supply of increases twice as before it will result in a situation where;

the price of the average transaction multiplied by the number of transactions must double because of increase supply of money.

This simply implies that the more money in circulation, the more the price of goods and services in an economy.

4 0
3 years ago
Read 2 more answers
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