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
GuDViN [60]
3 years ago
10

Although the price of a chemical added to paint to protect surfaces from mold and mildew has almost doubled, the price of paint

has risen an average of only 5 percent, and the demand for both paint and the chemical that eliminates mold and mildew has remained stable. The demand for this chemical is:
Social Studies
2 answers:
V125BC [204]3 years ago
3 0

Answer: Inelastic

Explanation:

A good price is inelastic if a change in price leads to a small change in quantity demanded or does not significantly affect demand for the product.

mars1129 [50]3 years ago
3 0

Answer: Inelastic

Explanation: Taking cognizance of the changes in the price and demand of the chemical, one could say the chemical exhibits an inelastic demand. Usually, when prices increase, demand decreases ( elastic demand) . However, in the case of the chemical described, the price increased significantly such that it almost doubled the initial price while still maintaining a stable demand ( that is there was no decrease in supply). This is a typical inelastic demand scenario.

Conclusively, we can project that the chemical product has no substitute or a rather cheaper alternative, otherwise consumers might have turned their attention to the substitute product hence, leading to decrease in demand of the chemical.

You might be interested in
While most ancient Egyptian homes were made of mud, what material did wealthier people use to build their homes?
VashaNatasha [74]

Answer:Most houses were made of brick. The banks of the Nile provided the mud used to make bricks . Brick makers collected mud, added straw and water to it as needed, and stomped it with their feet until it reached the right consistency.

Explanation:

7 0
3 years ago
Francis Scott Key witnessed the
Naddik [55]

Answer:

B. bombardment of Fort McHenry

Explanation:

It was during the war of 1812, and that was when the star spangled banner was written.

7 0
3 years ago
How often is a census done
Anon25 [30]
A census is often done every 10 years.
4 0
3 years ago
When individuals and businesses are permitted to trade freely over a larger market area
jolli1 [7]

Answer: When individuals and businesses are permitted to trade freely over a larger market area, they are able to produce a higher quantity of output and bring in different products.

Explanation: When businesses and individuals trade with one another, they are able to receive more items that they may not have been able to produce themselves. Trading freely allows for more people to have the opportunity to use other products that they can't make in their own country/state.

5 0
3 years ago
An arrangement in which the government makes all the basic economic decisions???
Lina20 [59]
In a centrally planned economy the central government makes all decisions about the production and consumption of goods and services. In a market economy economic decisions are made by individuals and are based on exchange, or trade.
3 0
3 years ago
Other questions:
  • Safety representatives in each of the six plants of a manufacturing company need to communicate to each other every week the num
    9·1 answer
  • State why it is important to record transactions correctly and accurately
    8·1 answer
  • The Fourteenth Amendment granted citizenship to black citizens, and states were required to ratify this amendment in order to be
    6·2 answers
  • What is the most important factor in improving reading skills ssd1?
    12·2 answers
  • Regional Economic Integration Threats (textbook) The lowering of barriers to trade and investment among countries has led to inc
    7·1 answer
  • Which part of a mountain receives the majority of moisture due to the rain shadow effect?
    13·2 answers
  • Que decreta la convección designada por los jacobinos
    12·1 answer
  • What should be changed to make the following sentence true? Carl Rogers believed most of our psychological problems are the resu
    14·1 answer
  • You are studying how tools have evolved through cultural evolution. You find several instances where groups with very different
    8·1 answer
  • Who was the first pharaoh to unite the upper and lower kingdoms of Ancient Egypt?​
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!