Answer:
C) luxury item, an increase
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price.
An elastic demand means a small change in price leads to a greater change in quantity demanded.
A luxury good is a good that isn't a necessity. They are usually bought as a status symbol.
Luxury goods usually have elastic demands.
Emeralds are luxury goods and if there's a fall in price of emeralds the quantity demanded of emeralds would rise.
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Hello!
The correct answers are:
BLANK 1 ANSWER: Attack.
BLANK 2 ANSWER: Defend.
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Answer:
50% share.
Explanation:
Given:
There are only three firms in a market.
The largest firm has sales of $500 million.
The second-largest has sales of $300 million.
The smallest has sales of $200 million.
Question asked:
The market share of the largest firm is ?
Solution:
As we know:
Total sales of the largest company = $500 million.
Total sales of the market = Sales of largest firm + Sales of second largest firm+ Sales of smallest firm
Total sales of the market = $500 million + $300 million + $200 million
= $1000 million
Therefore, the market share of the largest firm is 50%.
Answer:
Through Collaborative bargaining
Explanation:
Parties that have an unequal bargaining power can negotiate meaningfully, without one party taking advantage of the other through the method known as <u>collaborative bargaining</u>. In collaborative bargaining, both the involved parties listen to each other’s claims and issues and then collaborate to come to a consensus. There is transparency in the overall bargaining process and hence there is very less probability that one party is taking advantage of the other party.
Answer:
6 inch + 6 inch = 1 foot, so you will get 16, 6 inch sections!
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Explanation:
