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2 years ago

Compared to the price elasticity of demand for gasoline, the demand for texaco gasoline will_________.

1 answer:

3 0

Compared to the price elasticity of demand for gasoline, the demand for Texaco gasoline will be <u>more elastic</u>.

Price elasticity of call for is the ratio of the proportion change in the amount demanded of a product to the percentage exchange in rate. Economists hire it to apprehend how supply and demand trade when a product's price changes.

If a fee alternate for a product causes a giant change in both its supply or call for, its miles are considered elastic. Generally, it manner that there are acceptable substitutes for the product. Examples would be cookies, luxury cars, and coffee.

In commercial enterprise and economics, price elasticity refers to the degree to which people, purchasers, or producers alternate their demand or the quantity supplied in response to fee or earnings adjustments. it is predominantly used to evaluate the trade-in consumer call for because of an alternate in an excellent or carrier's price.

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The value of what must be foregone in order to undertake an activity is known as Multiple choice question. opportunity cost. a t

Marianna [84]

In business, people often make choices. Opportunity Cost is the value of what must be foregone in order to undertake an activity.

<h3>What is opportunity cost?</h3>

The economists often refer to this type of cost as the amount or the value of the next highly rated alternative use of one's money or resource.

An example is when a person spend their time and money going to a shop, one cannot spend that time at cooking, and you even did not spend the money on other things.

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2 years ago

DUE TODAY PLEASE HELP T^T

jonny [76]

Answer:

i think its true

Explanation:

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3 years ago

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On February 1, a seller paid $1,140 in annual property tax for the current calendar year. He sold the house with the closing set

tigry1 [53]

Answer:

$288

Explanation:

Since the total property taxes for the year are $1,140, to find the property tax per month we have to divide by 12 ⇒ $1,140 / 12 = $95 per month

The seller is responsible for paying the property taxes during 3 months and 1 day, to find out the amount for that 1 day we divide the monthly tax by 30 = $3.17 per day.

the total seller's credit = ($95 x 3) + $3 = $285 + $3 = $288

*The seller's credit includes all the expenses that must be paid by the seller, while the seller's debit includes all the money that he receives.

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3 years ago

Should I get a small dog I mean I always wanted you be but then I wouldn’t be able to go out of town

eduard

Answer:

okay

Explanation:

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3 years ago

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Since companies do not know precisely how much demand will be placed on their computing resources in the future, an attractive

ratelena [41]

The answer to this question is Elastic
An elastic product is the type of product which demand will be influenced by movement in prices. For product like cloud computing, the product could be considered more durable because it willl always stay needed and will not go rotten, so the movement in prices shouldn't necessarily affect them that much.

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3 years ago

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