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
kakasveta [241]
1 year ago
7

If the price of natural gas rises , when is the price elasticity of demand likely to be the highest?

Business
1 answer:
AlexFokin [52]1 year ago
5 0

If the price of natural gas rises, the price elasticity of demand is likely to be the highest one year after the price increase.

<h3>What is the price elasticity of demand?</h3>

A measure of a product's consumption shift in response to a price change is called price elasticity of demand. The quantity shift in percentage terms divided by the price change in percentage terms is used to determine the price elasticity of demand.

The price elasticity of demand would probably be at its peak if the price of natural gas increased. Elasticity will be strongest in the long run since consumers would start exploring alternatives as a result of ongoing price increases.

Learn more about the elasticity of demand, here:

brainly.com/question/20630691

#SPJ1

You might be interested in
What was the result on appeal in the Case Opener involving the claim that Michael Jordan owed $5 million based on his agreement
Stolb23 [73]

Answer:

Sometimes our justice system can really surprise us. How can a person sue another individual based on arguments that are known to be false? Shouldn't the courts just say no to this kind of lawsuits?

It's plain common sense that the court would dictate that the agreement should be annulled or rescinded based on the mother's fraud attempt or maybe mutual mistake between Michael Jordan and her. Even if they were both convinced that he was the father, after it was proven that he wasn't, the court shouldn't have even wasted its time (and taxpayers money) with this case.

6 0
3 years ago
What do economists mean by the demand for​ money? A. It is the amount of moneylong dashcurrency and checking account depositslon
svetoff [14.1K]

Answer:

 It is the amount of moneylong dashcurrency and checking account depositslong dashthat individuals hold.

Explanation:

6 0
3 years ago
Read 2 more answers
The Peter's Group originated four years ago, and since then, the company has grown each year. Management has focused on making s
Gekata [30.6K]

Answer:

The Peter's Group originated four years ago, and since then, the company has grown each year. Management has focused on making sure that the organization's strategic goals cascade down through the organization so that the employees can work together in pursuit of common ends. Peter's Group is using aligned goals in their organization.

Explanation:

Aligned goals is what organizations do in order to gather all the forces towards the achievement of  common objectives.

6 0
3 years ago
Kaplan Corp. is evaluating the purchase of a small firm, Pahl Corp., which manufactures ornamental gadgets, products involving a
Neko [114]

Answer: The correct answer is "A. Question marks".

Explanation: This firm would be placed in the "Question marks" category of bussiness in the BCG matrix.

The questions are those that still do not know what their evolution will be (usually those that are in the development or launch phase), but which can become star products.

7 0
3 years ago
How can you price your product or service at its worth or even more? You can price your product or service at its worth or even
stealth61 [152]
You can price your products, by average, fairness is key!
3 0
2 years ago
Read 2 more answers
Other questions:
  • ________ is an annuity with payments made at the beginning of each period.
    7·1 answer
  • 2) The costs of direct materials are classified as: B) C) D) A) Choice A B) Choice B C) Choice C D) Choice D Conversion cost Yes
    14·1 answer
  • Hughes Aircraft sold a four-passenger airplane for $380,000, accepting a 12% note for the purchase price. This transaction would
    13·1 answer
  • In the fiscal year 2015–2016, Nescarto, an African country, imported goods worth $18 million and exported goods worth $20 millio
    11·1 answer
  • Assume that General Electric is trying to decide whether to locate a new production facility in the United States or in China. I
    8·1 answer
  • In China during the 1950s, a group of collective farms, each of which contained more than 30,000 people who lived and worked tog
    9·1 answer
  • Question 2b<br> Short answer please its only for 2 marks
    6·1 answer
  • The internal rate of return : (mark all that applies) does not need a required rate to calculate. rule states that a typical inv
    9·1 answer
  • Linda is the manager of a graphic design company. Her IT team asked for her consent to upgrade the editing software used by empl
    12·1 answer
  • Identify the five strengths associated with coda coffee's bext360 saas implementation.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!