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Bezzdna [24]
3 years ago
8

Why is the demand for most services--such as popular restaurants--extremely time-and-place dependent?

Business
1 answer:
arlik [135]3 years ago
8 0
The reason why the demand is extremely time-and-place dependent would be: <span>Because customers must be present for service to be delivered
</span>customers must be present for services businesses because Unlike merchandising business, service business focused on the enhance Customer's experience rather than focus on selling the product.
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A new technological breakthrough increases production for an industry and shifts the supply curve to the right. If the firm ____
Katyanochek1 [597]

Answer:

The correct answer is letter "C": produces products that are considered elastic.

Explanation:

Elasticity refers to the sensitivity of a good or service to reflect change in its supply or demand after a change in price. A product's supply is said to be elastic if the changes in the quantity supplied increases and it immediately determines a price in the price.

Thus, if for technological reasons the output of a company increases, considering that the product is elastic, the prices will increases which will provide the organization more revenue. That firm will be more than glad about the technological advance.

6 0
3 years ago
What does SSQ stand for?
mixer [17]

Answer:

Special Skills Qualification (most likely)

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There are many different things it could stand for, however since you did not specify the context of this, I am assuming it would be this as it is most common.

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2 years ago
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bija089 [108]

Answer:

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Therefore the same is to be considered

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dangina [55]
Microeconomics study of particular markets, and segments of the economy. It looks at issues like consumer behavior, individuals labor markets, and film theory. Macroeconomics is the study of the whole economy. It looks at aggregate variables, such as aggregate demand, national output and inflation!!!
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