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kherson [118]
2 years ago
6

If demand for a good is inelastic, what would the demand curve for this good look like?

Business
1 answer:
Mandarinka [93]2 years ago
8 0

Downward sloping and relatively steep.

Demand for good is said to be inelastic when there is less change in quantity demanded due to more change in price.

If there is 5% change in price of the good or services , there will be less than 5 % change in quantity demanded.

Perfectly inelastic demand refers to the no change in the quantity demanded due to change in price .

Perfectly inelastic demand curve will be vertical straight line parallel to y axis.

some examples are essential items such as medicines , it is essential for life, so consumer will buy no matter what the price is.

To know more about perfectly inelastic:

brainly.com/question/14450755

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Holding other factors constant, if food prices decline relative to the prices of other products, then the real wages of agricult
yawa3891 [41]

Answer: decrease; decrease

Explanation:

Agriculture is food production and sales, when there is a decline in prices of food it would affect the workers wages and reduce employment.

6 0
3 years ago
Barefoot Running​ Company's work in process inventory on June 1 has a balance of​ $22,900 representing Job No. 265. During​ June
Sedbober [7]

Answer:

$4,850 under allocated

Explanation:

Giving the following information:

Manufacturing overhead is allocated at​ 130% of direct labor cost.

The actual manufacturing overhead costs incurred in June amounted to​ $41,300.

Job No. 265:

Direct labor= $35,500

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Over/under allocation= real MOH - allocated MOH= 46150 - 41300= $4,850 under allocated

3 0
4 years ago
Kara voluntarily quit her job as an insurance agent to return to school full time to earn an MBA degree. With degree in hand, sh
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Frictionally unemployed describes their employment status.

<u> Explanation: </u>

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In any case, common joblessness mirrors the quantity of laborers that are not utilized as a result of an absence of ability or were supplanted by innovation. Frictional joblessness, then again, is from intentional moves by laborers yet is remembered for common joblessness since it speaks to the base degree of joblessness in an economy.  

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Ongoing alumni from school or first-time work searchers may do not have the assets or proficiency for finding the organization that has the activity that is accessible and reasonable for them. Thus, they don't take other work, incidentally waiting for the better-paying employment.

4 0
3 years ago
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nignag [31]

Answer:

The answer is letter C.

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The situation that would not result in auditors adding an additional paragraph to their report is reference to a departure from GAAP that is material, but not pervasive, to the financial statements.

4 0
4 years ago
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Minchanka [31]

Answer:

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