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motikmotik
3 years ago
7

If demand for a product is inelastic, what would you predict will happen to the demand when it's price rises?

Business
1 answer:
AURORKA [14]3 years ago
4 0
<span>For inelastic goods, when the overall price rises, quantity demanded will drop more than the overall price rise. This will cause the overall revenue brought in by the product to decrease. Elastic goods would have a smaller decrease in QD than the percentage of the price rise.</span>
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21 tasks, if you use your lunch break and your 2 15 minute breaks
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a. licensor

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The unique markings and small cuts on the sole of a suspect's shoe are unique because of continued wear and use. these markings
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3 years ago
Which of the following would be most likely to use process costing? a.lawn fertilizer manufacturer b.custom furniture manufactur
Novosadov [1.4K]

Answer:

The correct answer is letter "A": lawn fertilizer manufacturer.

Explanation:

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The maximum price that should be paid for one share of this stock today is $46.86

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8 0
3 years ago
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