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
aliya0001 [1]
3 years ago
13

Recently, much of the Western United States experienced drought conditions and water usage was restricted in Denver. Yet, even t

hough most people used less water, the price of water did not drop. When the drought was declared over, the water company raised water prices. However, the residents of Denver did not use less water. Here, water is:__________.
a. price insensitive.
b. price elastic.
c. price inelastic.
d. price sensitive.
e. unitary elastic.
Business
1 answer:
Savatey [412]3 years ago
8 0

Answer: Price inelastic.

Explanation:

In Denver as described in the question the demand for water is price inelastic as it doesn't change regardless of changes in price of water. An item is said to be price inelastic if the demand remains the same regardless of price rise or fall of that item.

You might be interested in
The impetus that pushes consumers to satisfy their unmet needs, such as having no laundry detergent to do the wash, is a(n) Blan
TEA [102]

The impetus that pushes consumers to satisfy their unmet needs, such as having no laundry detergent to do the wash, is a motive.

<h3>What is a Motivation?</h3>

This refers to the internal or external drive that makes a person to do something, in hopes of a reward or to escape punishment.

Hence, we can see that based on the drive that is inherent in humans to accomplish a task, this leads them to satisfy their unmet needs and this is known as a motive.

Read more about intrinsic motivation here:

brainly.com/question/15542056

#SPJ1

6 0
1 year ago
An employee stock ownership plan denies employees the right to participate in votes by shareholders even if the stock is registe
NARA [144]

Answer:False

Explanation:

Employee stock ownership plan is a plan aimed at benefiting Employees of a company by giving them the power to own certain parts of the company thorough the purchase of stocks. Employee stock ownership has been promoted by many corporations in order to ensure that the workers are motivated and encouraged to to see themselves as part owners of the company.

EMPLOYEE STOCK OWNERSHIP PLAN DOES NOT PREVENT EMPLOYEE WHO OWN STOCKS FROM PARTICIPATING IN THE VOTING PROCESS DURING ELECTIONS TO CHANGE BOARD MEMBERS.

3 0
2 years ago
Milo Co. had 600,000 shares of common stock outstanding on January 1. On May 1, Milo issued 126,000 shares. On September 1, Milo
PtichkaEL [24]

Answer:

b. 663,000

Explanation:

Outstanding shares refers to the total number of stock held by investors at a  particular time. They are the shares issued out to both retail and institutional investors and insiders, such as directors and employees. Outstanding shares will exclude shares that have been repurchased back by the issuing company (treasury stock).

The weighted average share outstanding takes into consideration the duration of time that issued stocks have been in the markets.  It allocates value proportionately to the time in the market.

For Millo Co,  the weighted average share outstanding  for the year will be

1. January 1,  600,000

2. May 1, issued 126,000 shares ( 8 months)

  weighted for the year=8/12 x 126,000 =   84,000

3. September 1, purchased  63,000 treasury stock

       (4 months) weighted value will be

      = 4/12 x 63,000= 21,000

The weighted average share outstanding  

Beginning balance plus shares issued out minus repurchased shares(treasury stock)

=600,000 + 84,000 -21,000

=663,000

6 0
3 years ago
According to the Uniform Partnership Act, the three key elements of any general partnership are:
Fudgin [204]

Answer:

Common ownership, shared profits, and losses, and right to participate in management.

Explanation:

Partnership can be defined as a type of business arrangement between two or more persons. These individuals participate in the management of the business and also share the profits.

General partnership can be defined as an agreement between two or more individuals to participate jointly in the day to day management of the organisation. General partnership are easy and less expensive to establish. The financial responsibility of the business is shared equally among the partners.

7 0
3 years ago
David went to school to learn about HVAC systems. He earned a degree and can install large air conditioning units correctly and
Julli [10]

Answer:

b Design and Pre-Construction

Explanation:

7 0
2 years ago
Other questions:
  • Clarence lives in Maine, which has a sales tax of 5%. He just bought a digital camera whose full price was $725, but after sendi
    7·1 answer
  • Bigham Corporation, an accrual basis calendar year taxpayer, sells its services under 12-month and 24-month contracts. The corpo
    9·1 answer
  • Christian and Monica are married and are both in good health with reasonably secure careers. Christian and Monica have annual in
    9·1 answer
  • Lyman's business has grown to 400 employees with annual revenues of $15 million. He would like to expand further but needs anoth
    10·1 answer
  • A country is said to have a _______ exchange rate when the government keeps the exchange rate against other currencies at or nea
    9·1 answer
  • True or False: Computing interest using the sum-of-the-digits method allocates more interest at the beginning of a loan than at
    6·1 answer
  • Which of the following reflects the order of operations when the Fed buys bonds on the open market?a. Money supply increases, in
    6·1 answer
  • According to the path-goal theory, employees with an internal locus of control should prefer a leader who is __________.
    8·1 answer
  • Analysis reveals that a company had a net increase in cash of $20,000 for the current year.Net cash provided by operating activi
    5·1 answer
  • Whether you need a portfolio or not is dependent on_____ (1 point) a. if you have a portfolio at home b. the type of job for whi
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!