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
Aleonysh [2.5K]
3 years ago
9

The demand for a product is likely to be more​ elastic:

Business
1 answer:
vivado [14]3 years ago
6 0

The demand for a product is likely to be more elastic if there is a presence of more time passes which is letter c. As a demand of a product will likely be affected with the price changes over the period of time. It is because a demand elasticity occurs when there is a presence of change in regards to the demand for goods, such examples are the income of the consumer.

You might be interested in
How much student loan interest is tax deductible 2016?
hjlf
2016 claims the full $2,500<span> deduction if your modified adjusted gross income is </span>$65,000<span> or less. The deduction is gradually reduced when your modified adjusted gross income is between </span>$65,000<span> and </span><span>$80,000</span>
4 0
2 years ago
How do entrepreneurs contribute to nation economically
Finger [1]
Entrepreneurs help the nation by creating new and unique businesses (which can increase profit and employment), they add to national income, and they create social change.
3 0
3 years ago
The assets and liabilities of Thompson Computer Services at March 31, the end of the current year, and its revenue and expenses
JulijaS [17]

Answer:

Thompson Computer Services

Thompson Computer Services

Statement of Owner's Equity for the current year ended March 31

Capital, Thompson            $185,200

Additional investment           15,200

Total Capital, Thompson $200,400

Net income              46,620

Drawing                     5,400

Retained earnings             $41,220

Owner's Equity               $241,620

Explanation:

a) Data and Calculations:

Beginning balance:

Capital, Thompson            $185,200

Additional investment           15,200

Total Capital, Thompson $200,400  

Cash 32,300

Accounts receivable 9,860

Supplies 1,670  

Land 47,500  

Building 151,490

Accounts payable $1,200

Capital, Thompson 200,400

Drawing 5,400

Fees earned 82,110

Wages expense 34,330

Miscellaneous expense 470

Office expense 690

Fees earned              $82,110

Wages expense         34,330

Miscellaneous expense 470

Office expense              690

Total expenses      $35,490

Net income            $46,620

Drawing                     5,400

Retained earnings $41,220

7 0
3 years ago
The _____ process determines the content, look, and feel of product advertisements.
Margarita [4]

Answer:

Target marketing

Explanation:

The correct answer is target marketing. It is a marketing strategy that focusses on customers who are most likely to purchase a business's good or service. Such businesses concentrate resources into meeting the needs of a narrowly defined market segment. This strategy is identified to be more profitable than allocating resources over  different market segments. Since it involves understanding the specific needs of this targeted customers, this strategy determines content, look, and feel of product advertisement made for them.

4 0
3 years ago
A company doing marketing research finds that a 10 percent increase in its product's price would create a 5 percent decrease in
gizmo_the_mogwai [7]

Answer:

a. Inelastic, b. Raise

Explanation:

a. When the price rises by 10%, the quantity demanded falls only by 5%, that is, falls by less than proportionate amount. It is proof that the demand is inelastic.

b. If the company wants to raise its revenue, it must raise its price. It will lead to less than proportionate fall in demand, leading to an increase in total revenue.

7 0
2 years ago
Other questions:
  • While building the ancient pyramids, the Egyptians performed several management functions. They submitted written requests and c
    11·1 answer
  • An investor receives a 15% total return by purchasing a stock for $40 and selling it after one year with a 10% capital gain. How
    11·1 answer
  • List the main differences between a free-market system, a command economy, and a mixed economy.
    14·1 answer
  • If the demand curve is linear and downward sloping, which of the following statements is not correct? Select one: a. Starting fr
    11·1 answer
  • Guiness Inc. has a budgeted production of 8,000 units. Each unit requires 40 minutes of direct labor work to complete. The direc
    11·1 answer
  • Trade agreements can cause jobs to go to countries that provide those jobs
    13·1 answer
  • 9. When Margot applies for a loan, she needs to demonstrate to the bank that she has capital. What could she show them to best d
    5·1 answer
  • With _____, the emphasis is on helping the buyer realize the synergy of carrying all associated products of the same brand or ma
    14·1 answer
  • ____________ reflects the understanding that the cost of repairing an unexpected breakdown is usually much greater than preventa
    8·1 answer
  • why do students need to study information technology? group of answer choices information technology is everywhere in business i
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!