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Artemon [7]
4 years ago
5

Which is likely to occur if there is a price increase for a good which exhibits elastic demand

Business
1 answer:
d1i1m1o1n [39]4 years ago
6 0

Your answer would be, If there is a price increase for a good;  <u>People might buy a LESS EXPENSIVE substitute good.</u>


<u>(Substitution Effects)  =====>   Example =====></u> If the Price of Coffee goes up, Then people will substitute for Tea, Because it is less cheaper. (If that makes sense.).







Hope that helps!!!!!                     -P-                            : )

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How would you best describe a manufacturing employee who has lost his job because he was replaced by a robot (new technology) an
Fynjy0 [20]

The manufacturing employee who has lost his job because he was replaced by a robot and does not have the skills necessary to help operate the robot can be best described as "structurally unemployed".

<h3>What is new technology?</h3>

Any set of productive techniques which offers a significant improvement (whether measured in terms of increased output or savings in costs) over the established technology for a given process in a specific historical context is termed as  new technology.

Artificial Intelligence, or AI, has already received a lot of buzz in the past decade, but it continues to be one of the new technology trends because of its notable effects on how we live, work and play are only in the early stages.

Learn more about new technology here,

brainly.com/question/18698285

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7 0
2 years ago
In 2004, an art collector paid $84,275,000 for a particular painting. The same painting sold for $27,000 in 1950. Complete part
Klio2033 [76]

Answer:

Explanation:

The file has been attached. Please see the file, all the four answers have been done. Thanks.

Download docx
8 0
4 years ago
On January 30, a company that designs and builds generators to standard industrial specifications received a telephone call from
Shtirlitz [24]

Answer:

true,

Explanation:

the action committed is a breach of contract on the first delivery which is supposed to be paid on or before April 15.

Legally, one party's failure to fulfill any of its contractual obligations is known as a "breach" of the contract.

Where there is breach of contract, the resulting damages will have to be paid by the party breaching the contract to the aggrieved party.

Breach of contract is a legal cause of action and a type of civil matter, in which a binding agreement or bargained-for exchange is not honored by one or more of the parties to the contract by non-performance or interference with the other party's performance.

Breach occurs when a party to a contract fails to fulfill its obligation(s) as described in the contract, or communicates an intent to fail the obligation or otherwise appears not to be able to perform its obligation under the contract.

5 0
3 years ago
What are the main concerns of Financial Management?​
katovenus [111]
Well because it’s Focusing on the current assets and current liberties + managing fluctuations and foreign currency and products cycles.


Found on internet (hope this helps).
7 0
3 years ago
Boulderado has come up with a new composite snowboard. Development will take Boulderado four years and cost $250,000 per year, w
ehidna [41]

Answer:

a) 13.704%

b) 3.704%

Explanation:

Development of composite snowboard = 4 years

Total cost / investment = 250,000 * 4 = $1,000,000

Annual cash flows ; $200,000  for 10 years

discount rate = 10%

cash flow at t = 0 =  ( Total cost / investment ) = - $1,000,000

<u>a) calculate the IRR for the snow board </u>

attached below is the calculation using online tool

IRR = 13.704%

<u>b) maximum deviation allowable in cost of capital</u>

maxi deviation = IRR - r

                         = 13.704% - 10% = 3.704%

3 0
3 years ago
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