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Alexus [3.1K]
3 years ago
5

Recently, much of the western United States experienced a drought condition, and water usage was restricted in Denver. Yet, even

though most people used less water, the price of water did not drop. When the drought was declared over, the water company raised water prices. However, the residents of Denver did not use less water. Here, water is
Business
1 answer:
Paul [167]3 years ago
4 0

Answer:

Price elasticity

Explanation:

Price elasticity  -

It refers to the extent to which the demand or desire for something alters with the fluctuation in the price , is referred to as price elasticity .

As if the price of some commodity goes up , people tends to not buy the thing any more and tries to finds it cheaper alternative .

And , as the price reduces , people tries to buy the specific goods and service .

Hence , from the given scenario of the question ,

The correct answer is price elasticity .

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The area of accounting that serves the decision-making needs of internal users is referred to as (managerial/financial/research)
zepelin [54]

Answer: Managerial Accounting

Explanation:

Managerial accounting refers to the preparation of reports and analysis from the company's accounting information to enable managers decide the ways to go with a company.

This type of accounting is for internal use and so is not subject to the kind of scrutiny that financial accounting gets from accounting bodies such as IASB and the FASB.

An example would be the Supply Manager may ask for a report to be made showing them the increase in supply costs for the past decade from their preferred supplier to enable them make a decision on if to find a new supplier.

5 0
3 years ago
Quantity Discount: Consider a quantity discount problem where the yearly demand for the product is 1,286 units, the ordering cos
Nataly [62]

Answer:

EOQ = 72 units

Explanation:

Annual demand D = 1,286 units

Ordering cost S = $47

Holding percentage I = 35%

So, 0 - 199 units, the unit cost is $66

EOQ = \sqrt{2DS/PI}

EOQ = \sqrt{(2 * 1286 * 47)/(66*0.35)}

EOQ = \sqrt{5233.07}

EOQ = 72.33998613

EOQ = 72 units

3 0
3 years ago
When a data point on a control chart falls above the upper control limit, the process being measured is exhibiting what type of
NeTakaya

The characteristic exhibited by the data point on a control chart that falls above the upper control limit is known as a <u>special cause variation</u><u>.</u>

<u></u>

<h3>What is a special cause variation?</h3>

In statistics, a special cause variation refers to a shift in output caused by a specific factor like environmental factors, input parameters etc

In conclusion, the characteristic exhibited by the data point on a control chart that falls above the upper control limit is known as a <u>special cause variation
</u>

<u></u>

Read more about special cause variation

<em>brainly.com/question/17333354</em>

3 0
2 years ago
What is the main cause for low birth weight in developed countries?
Kazeer [188]
Thank you for posting your question here at Brainly!~

I believe the correct answer to the question being asked is "malnourishment."

Hope I helped!~ Brainliest appreciated.
5 0
3 years ago
The period from 1920–1933, in which u.s. lawmakers sought to criminalize the purchase and consumption of alcohol, is known as th
Alexandra [31]
Franklin D. Roosevelt
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2 years ago
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