Answer: Group A
Explanation:
Price Elasticity of demand refers to the sensitivity of quantity demanded given a change in price. In other words, how much will quantity demanded change if price changes. Higher elastcities mean that when prices change, their quantity demanded changes more. For instance, an elasticity of demand of 2 means that when prices rise by 2%, demand will decrease by 4%.
The group that will be paying the most therefore will have to be the group that is least sensitive to paying that high price. That would be Group A. As they are not very sensitive to price changes with an elasticity of 0.2, the Monopoly can increase their price to a higher point than others knowing that they won't demand less goods.
Based on writing standards, the inquiry letter for purchase should begin with the sender's address and be written like a formal letter.
<h3>Structures of Letter of Inquiry.</h3>
- The sender's address should be written at the beginning of the letter, followed by the receiver's address.
- The letter must contain all the elements of the enquiring item, including their quantities.
- There must be the date and address of the receiver included.
- The letter's subject must be written clearly before the letter's content.
- Ensure you provide the expected salutation at the beginning of the letter.
- Write clearly and straightforward.
- Provide reasons and inquiry descriptions.
- Add your signature, name, and designation at the end of the letter.
Hence, in this case, it is concluded that there are specific ways to write a good inquiry letter.
Learn more about Inquiry Letter here: brainly.com/question/4208084
Answer:
The correct answer is letter "B": False.
Explanation:
Small businesses have an advantage in differentiating their products because they are closer to their clients and are often more flexible than their bigger competitors. The differentiation of innovative goods is often a key factor in small business success.
Answer:
a) True
Explanation:
The Planning Phase is the fundamental two-step process of understanding why an information system should be developed and creating a plan for how the project team will develop it. ... They decide whether it is advisable to proceed with the system development project.
