Answer:
The correct answer is letter "B": demand tends to be inelastic.
Explanation:
Inelasticity is a characteristic that goods and services have by which their demand does not change in front of fluctuations in price.<em> Consumer staples are considered inelastic goods since people need them to cover basic needs. </em>
Inelasticity is calculated by dividing the percentage change in quantity demanded by the percentage change in price. If the result is lower than one (1) the demand for that good or service is inelastic.
Michael's estimated current monthly take-home pay is $4,500. His total existing monthly disability benefits are $2,950. Michael's estimated monthly disability benefits needed are: $1,550.
<h3>What conditions are considered disability?</h3>
- According to the law, a physical or mental impairment that can be expected to cause death or that has lasted or is anticipated to last for a continuous period of at least 12 months qualifies as a disability if it prevents the person from engaging in any substantial gainful activity (SGA).
- Any additional benefits you received while receiving Disability Allowance or Blind Pension can be kept if you continue to work. However, your higher income may have an impact on how much Rent Supplement you receive. In general, when you participate in an employment scheme, you can keep any additional benefits you were receiving.
- Ask yourself where you stand in relation to your full retirement age if you're wondering whether disability would pay more. Disability levels will be higher if you fall below it. Social Security will be higher if you are over it.
To learn more about : Disability benefits
Ref : brainly.com/question/16810465
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