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My name is Ann [436]
3 years ago
8

Demand for food doesn't change in response to a change in price. Why? 

Business
2 answers:
Butoxors [25]3 years ago
7 0
The price of elasticity of the product maybe considered inelastic since there is little to no responsiveness to the change in price of the product. A factor or reason can be that it is a necessity so persons still have to buy the product no matter the change in price.
MAXImum [283]3 years ago
5 0

Answer:

Demand for food is inelastic

Explanation:

Inelastic demand means that people buy about the same amount of goods whether the price drops or rises. In this case, food demand doesn't change in response to a change in price. This behaviour is common with things that (despite the price) people must have, like food or gasoline.

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When a government transfers the rights and obligations of an asset to another legally separate governmental or private sector en
Mamont248 [21]

Answer: A service concession arrangement (D)

Explanation:

A service concession arrangement is an agreement whereby the government contracts with a private enterprise in order to operate, develop and maintain an infrastructural facility such as a tunnel, bridge, road, hospital, airport or prison. The government regulates and controls the kind of services the operator must provide, to whom the services are provided and at the price the services will be provided.

Concession agreements can also be between a non-governmental owner and a concessionaire, whereby the non-governmental owner gives the operator the exclusive rights to use and maintain the business for a stipulated period of time under specified conditions.

4 0
3 years ago
One problem with conflicts of interest is that they can reduce the ________ in financial markets, thereby increasing ________. Q
luda_lava [24]

Answer:

The answer is Quality of information and Asymmetric information

Explanation:

        Information quality is a multi-attribute concept, it is said to define the quality of information are of good quality or of high value then the information is said to have good quality.

        Asymmetric information also regarded as "information failure" occurs in a business environment in which some agent in a trade possesses information while other agents involved in the same trade do not.

3 0
3 years ago
2. Where do you fit in with the definition of economics<br>​
vovikov84 [41]

Answer:

middle class

Explanation:

I fit in middle class because I do not struggle and my family lives comfortably but we don't have millions

3 0
3 years ago
Great Harvest Bakery purchased bread ovens from New Morning Bakery. New Morning Bakery was closing its bakery business and sold
Liono4ka [1.6K]

Answer:

$759,000

Explanation:

Preparation of a schedule showing the amount at which the ovens should be recorded in Great Harvest’s Equipment account.

Purchase price 690,000

Add Freight costs 30,000

Add Electrical connection 4,000

Add Labor costs 32,800

Add Bread dough used in testing the oven 800

Add Safety Guards 1,400

Total cost of equipment $759,000

Therefore the amount at which the ovens should be recorded in Great Harvest’s Equipment account will be $759,000

8 0
3 years ago
The sales tax in Massachusetts is 5%. Joanne bought a wood stove with a sales tax of $15. What was the cost of the wood stove be
Leya [2.2K]

Answer:

$315

Explanation:

The before-tax cost of the wood stove would comprise of 100% sales price plus 5% sales tax as hinted.

If 5%=$15=sales tax

before-tax sales price=100% sales price+5% sales tax

before-tax sales price=105%

sales tax of 5%=$15

1%=$15/5

1%=$3

105%=$3*105

105%(before tax sales price)=$315

7 0
3 years ago
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