Answer:
a. quantity demanded responds to a change in price.
Explanation:
The price elasticity of demand measures the sensitivity of the quantity demanded to changes in the price. Demand is inelastic if it does not respond much to price changes, and elastic if demand changes a lot when the price changes.
<span>Which of the following answers correctly defines the principal for a mortgage? The amount of money borrowed. The principal in a mortgage is defined as the amount of money you actually borrowed from the lender to purchase the home. The interest is defined as the amount of money the lender is charging overtime when you pay off the principal. </span>
Third-party logistics is the term used to describe the use of outside firms to help move their goods through the supply chain. A supply chain is the network that connects all of the people, organizations, resources, activities, and technology involved in the manufacture and sale of a product.
A supply chain includes everything from the transfer of raw materials from a supplier to a producer to the final distribution to the end customer. Farming, refining, design, manufacturing of firms packing, and transportation are all examples of supply chain activity. The four elements of the supply chain are integration, operations, purchasing, and distribution, which work together to create a cost-effective and competitive path to competition.
To learn more about supply chain, click here.
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Answer:
Sorry , didn't mean to tap this
Explanation: