1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nikolay [14]
2 years ago
15

If a good has an elastic demand, what would be the result of a slight price increase?

Social Studies
1 answer:
Svetlanka [38]2 years ago
4 0

If a good has an elastic demand,  the result of a slight price increase will result in a significant change in the demand, which will be more than the proportional change in its price.

<h3>What is an elastic demand?</h3>

A condition when a slight change in the price of a product or a service leads to a significant change in the demand for the product, then such a product or service has an elastic demand.

Hence, the significance of elastic demand is aforementioned.

Learn more about elastic demand here:

brainly.com/question/14897348

#SPJ1

You might be interested in
Kevin also does not start his english term paper until the weekend before it is due; however, when he calls his classmate samant
max2010maxim [7]
The term that could be best described as the way that Kevin is thinking is a social comparison. Social comparison is being defined as a way of individual's determine his or her social worth in which could be based from how the person stack against other people in which we could see how Kevin felt better after finding out that Samantha was struggling more than him.
6 0
3 years ago
Global Business Ethics. Pfizer, Inc., developed a new antibiotic called Trovan (trovafioxacinmesylate). Tests showed that inanima
Sever21 [200]

Answer:

1

The action of  Pfizer is no way near an ethical act and was a clear violation of the ethical standards.This is true because

  • As it is the company responsibility to act ethically to achieve the goals of the society by eradicating their problems and not by enhancing them hence the corporate social responsibility would not allow the company to behave inhumanly
  • The duty based ethics would also empower the corporation to care and respect humanity
  • Its is highly unethical on the part of Pfizer to conduct test on human life.if  we consider the six basic guidelines to make ethical decisions then they have done it in a highly unethical manner.The six basic guidelines would never allow any company to behave i such a manner so as to risk the human life  

Pfizer did not obey any of the above ethical standards and the conduct was clear violation of ethical standard.

2

Pfizer plc is not guilty of any ethical standard violation as it is a common practice for drug manufacturer to conduct tests on animals as well as human.And anyways the company conducted the tests on those human beings who will die with the epidermic which has already invaded the entire country of Nigeria.Hence in other to save/protect  a large number of human being the test on the few persons is ethical as it is done to protect the society at large

So we cannot say that the company had violated any ethical standard

3

In order for Pfizer to avert the consequences  of the violation then Pfizer should use the following five steps to create solution tom problem on ethical question these steps include

  • Inquiry : It is very crucial to make initial inquiry about the entire subject matter
  • Discussion: If there is a list of action generated after inquiry then discussion  on every single action should be made
  • Decision : It is highly crucial to take any decision with the consensus of all the participating candidates
  • Justification : Each decision made must have a justification for the entire process
  • Evaluation : it is highly crucial to evaluate the entire process

Explanation:

8 0
3 years ago
Fill in the blanks. Remember to spell correctly.
ioda

Answer:

The St. Lawrence Seaway connects the Atlantic Ocean with the Great Lakes.

Explanation:

St. Lawrence Sea is a long waterway near the Northeastern border of America that connects from the Atlantic Ocean into the Great Lakes. It has allowed for shipping vessels to come through. However, these ships sometimes bring invasive species such as the Sea Lamprey.

3 0
3 years ago
Read 2 more answers
Why is North Africa subject to foreign invasions?
levacccp [35]

North Africa is subject to foreign invasions because its location on the Mediterranean Sea provides ports and access to other waterways.

Answer: Option A

<u>Explanation: </u>

The geographical orientation of the continent of Africa has allowed it to form the Mediterranean Sea with the major European peninsulas on the other end of the sea.

This attribute of a neighbourhood with the important European countries and access to the Atlantic Ocean through the Strait of Gibraltar made North Africa an attractive region in the contemporary world geopolitics.

4 0
3 years ago
How much money does the president of the united states make?
Olegator [25]
<span>its Not so much. The president is paid $400,000 a year, on a monthly basis. Plus, he receives an extra expense allowance of $50,000 a year. The first president, George Washington, earned $25,000 a year when he came into office in 1789.</span>
7 0
3 years ago
Other questions:
  • Think of somewhere you enjoy visiting and spending time at on a regular basis. How could you use geography to help you study it
    11·2 answers
  • Y’all know the answer?
    11·1 answer
  • Suppose you are a sociologist studying alleged police brutality. Construct two arguments, one proposing that you ought to be as
    9·1 answer
  • The Democratic candidate that opposed President Hoover's bid for re-election in 1932 was A.Lyndon Baines Johnson B.Theodore Roos
    9·1 answer
  • When Kevin noticed that he had spilled coffee on his new shirt, he overestimated that other people at the meeting would notice.
    5·1 answer
  • How did Washington force the british to leave boston
    5·2 answers
  • Difference between literate and illiterate​
    5·1 answer
  • Name the body of congress that must approve a treaty that the president has negotiated?
    9·1 answer
  • How do weather and climate differ?
    5·1 answer
  • E. Why should we help the people in trouble?​
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!