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
katrin [286]
3 years ago
12

Suppose that Juan Carlos is filling out a survey that he received in the mail. The survey asks him what he would do if the price

of his favorite toothpaste increased. Juan Carlos reports that he would switch to a different brand. The survey asks what he would do if the price of all toothpastes increased. Juan Carlos reports that he must use toothpaste, so he would have to adjust his spending elsewhere. These examples illustrate the importance
Social Studies
1 answer:
zepelin [54]3 years ago
3 0

Answer:

the definition of a market in determining the price elasticity of demand

Explanation:

In economics, the price elasticity of demand is the measure used to determine the responsiveness and the elasticity of a quantity demanded for a good or a service to increase in the price when nothing but only the price of the product changes. It is the measure to show the demand of a product in relation to the price change of the product.

In the context, Juan Carlos is is filling up a survey regarding the demand or purchasing of toothpaste when the price of the toothpaste changes. Thus this is important to study the price elasticity of demand of a product in the market economy.

You might be interested in
What new economic practive of the 1920s was credited with being responcible for people buying more?
Nimfa-mama [501]
I'd probably lean towards "installment plan". As the number of stores grew across the nation and more products became available, they began looking at different ways to get people to buy more even if they didn't have all of the cash at the moment. So as one store offered up an installment plan to help pay off that new car, fridge, or whatever, other stores were forced to compete allowing more people to get even more stuff. It's a tricky question because there were also early credit cards available at the this point in time, but installment plans are based on roughly the same concept - allowing people to buy on credit with a promise to pay everything off at a later date. As I see it, though, instead of having to sign up for a specific card you could walk into any store with an installment plan and get what you wanted
3 0
3 years ago
What reasons does Hamilton cite for wanting to avoid the duel?
Norma-Jean [14]

Answer:

Explanation:

Dueling violated his religious and moral principles, defied the law, threatened the welfare of his family and  put his creditors at risk.

6 0
3 years ago
Angela's boss has repeatedly asked her to go out with him and has suggested that her repeated refusals may negatively impact her
Mademuasel [1]

Answer: Sexual harassment

Explanation:

Sexual harassment could be defined as when an individual to approaches another for sexual reasons which is against the willing of the approached party to carry out, and most times could result to threat or other harmful plans on the approached individual. Angela's boss is attempting to influence her appraisal negatively at work for her refusal to comply for sex, this is sexual harassment.

8 0
3 years ago
When you have more goods than you need, that is called 'division of labor."<br> True<br> O False
Elena-2011 [213]

Answer:

false

Explanation:

A modern economy displays a division of labor, in which people earn income by specializing in what they produce and then use that income to purchase the products they need or want. ... Division and specialization of labor only work when individuals can purchase what they do not produce in markets.

hope this helps

5 0
3 years ago
While at a yard sale, you and your roommate find a great old sofa. As you are trying to decide if it will fit in your dorm room
Ksju [112]

Answer:

a. visuo-spatial sketchpad

Explanation:

  • It forms a component of the working memory and was given by Alan Baddeley and Graham, V.S  is the section of ones normal memory faculty and provides a virtual environment for physical stimulation hence the sofa would fit and rearrange with the bed.
5 0
4 years ago
Other questions:
  • What did the philosophes believe
    10·1 answer
  • The __________ of the sexes is a foundation for intimate partner violence.
    12·1 answer
  • 4)
    5·2 answers
  • Which U.S. president expanded the power of the office through an aggressive legislative agenda?
    15·2 answers
  • Why did the nile make farming easy for ancient egyptians
    8·2 answers
  • In the united states, which is responsible for ensuring the safety of the country's drinking water?
    6·1 answer
  • Which of the following was not a direct influence to the "Pursuit of happiness" concept within the Declaration of independence.?
    11·1 answer
  • What are the phases of the moon in order of which it happens
    7·1 answer
  • HURRY 100 POINTS !!!
    10·2 answers
  • Help me plzzzzz
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!