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
Maru [420]
3 years ago
14

.

Business
1 answer:
GuDViN [60]3 years ago
4 0

Answer: The answer is elastic demand because elasticity of demand is > than 1

Explanation:Elasticity of demand is the degree of responsiveness of demand to slight change in price of goods. It is calculated as ED=% change in Qd/% change in price

Since Qd is 3 and 5

Qo-Q1/Qo*100%

3 - 5/3*100%

= -2/3*100%

= -200/3

=-66.6%(ignore the minus sign)

Po-P1/Po*100%

8-6/8*100

=2/8*100%

= 25%

ED= 66.6/25

=2.6

6-8/6*100%

=-2/6*100%

=-200/6

=-33.3%

ED= 66.6/33.3

=2

Since the elasticity of demand is greater than 2. Therefore elasticity of demand is elastic

You might be interested in
Name two arguments that support international trade.
sergij07 [2.7K]
(Two arguments that support IT) - 1: people will still continuing to vote or trade other countries, 2: people will get good wages with their trades. (Two arguments that do not support IT) - 1: upon their trades, they will get high taxes, 2: some people trades that was stolen from the society. In my opinion the world and the USA are usually similar, in fact USA will eventually hated the IT because the Russians and its friends and at Middle East still continuing and make an agreement to other neighbor countries and the worst part they are still continuing trading weapons, or parts of the nuclear weapon.
7 0
3 years ago
Read 2 more answers
Farmers Pantry Products Inc. and Market Grocers LLC dispute a term in their contract. If Farmers Pantry and Market Grocers have
e-lub [12.9K]

Answer: The process is not adversarial

Explanation:

Mediation' refers to the voluntary process that is used for resolving disputes whereby there's a neutral third party whom helps in facilitating dialogue between the conflicting parties and then helps them in identifying the issue and tech a settlement.

Based on the question, since both parties have a long-standing business relationship that they would like to continue, then they may prefer to settle their dispute through mediation because the process is not adversarial. An adversarial system typically involves going to the court.

7 0
3 years ago
Choice is the largest employer in the Pacific Northwest. It is covered by numerous federal employment laws. As such, it is requi
hichkok12 [17]

Answer:

C) twelve weeks of unpaid family or medical leave during any twelve-month period.

Explanation:

The Family and Medical Leave Act of 1993 provides employees with temporary medical leave when:

  1. their child is born (or they adopt a child) and they must take care of him/her
  2. if their spouse (husband or wife), child under 18, or parent has a serious health condition
  3. when the employee himself/herself has a serious medical condition and cannot work

5 0
3 years ago
NEED HELP ASAP THANK YOU
solniwko [45]

Answer:

a

Explanation:

5 0
3 years ago
Identify each person's status as employed, unemployed, "not in the labor force"
Ede4ka [16]

Answer:

Explanation:

a. "not in the labor force" since she is neither working or looking for a job and instead is studying

b. "employed", currently works as a tennis coach

c. "unemployed", she does not have a paying job yet but is looking for one

d. "not in the labor force", does not have a job and is not looking for one at the current moment in his life.

5 0
3 years ago
Other questions:
  • 12. What was the most important aspect of the southern economy in the late nineteenth and early twentieth centuries? a. Agricult
    9·1 answer
  • Anna's family was expecting a lower EFC than they received. Anna's mother suggests changing the Parent's Gross
    9·2 answers
  • Coronado Industries sells one product and uses a perpetual inventory system. The beginning inventory consisted of 77 units that
    10·1 answer
  • Increased government debt can lead to higher interest rates​ and, as a​ result, crowding out of private investment spending. In
    14·1 answer
  • The CEO of a business firm wants to increase the productivity of the employees while minimizing the labor costs incurred by the
    6·1 answer
  • In the long run, fiscal policy influences a. saving, investment, and growth; in the short run, fiscal policy primarily influence
    6·1 answer
  • Ford's mass-production method on a moving line was called a(n)_____. A. Model T B. Ford Motor Company C. assembly line D. Willow
    12·2 answers
  • The reported net incomes for the first 2 years of Sarasota Products, Inc., were as follows: 2020, $155,500; 2021, $188,100. Earl
    5·1 answer
  • 2<br>Find the odd one out Turnip, Arbi , Potato ​
    7·1 answer
  • What would be your dream job working in the Sports Marketing world and why?
    8·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!