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
Rainbow [258]
3 years ago
14

For a particular good, a 10 percent increase in price causes a 3 percent decrease in quantity demanded. Which of the following s

tatements is most likely applicable to this good?
Answer:

a. The good is a luxury.

b. There are many close substitutes for this good.

c. The market for the good is narrowly defined.

d. The relevant time horizon is short.
Business
1 answer:
SCORPION-xisa [38]3 years ago
7 0

Answer:

The correct answer is letter "D": The relevant time horizon is short.

Explanation:

Time horizon is the length of time you can part with your money before you need it again. If you have a long time horizon, there are more opportunities to make a profit out of an investment  but if the time horizon is short there are more possibilities to end up with losses out of an investment. In other words, <em>the longer the time horizon the most likely to profit and the shorter the time horizon the most likely to end with losses</em>.

You might be interested in
What is a shared risk pool in an annuity?​
ycow [4]

Risk pooling allows an insurance carrier to provide an income stream via an immediate annuity, even with its costs and expenses, far more cheaply than a person could on his or her own. Risk pooling is the practice of sharing all risks among a group of insurance companies.

7 0
2 years ago
According to the​ "rule of​ 70", how many years will it take for real gdp per capita to double when the growth rate of real gdp
slava [35]

14 Years.

The rule of 70 is a measure of how long it takes for something to double. 70 is divided by the rate of growth or rate of return.

70/5% = 14 years

8 0
3 years ago
The NEC® arose as a consensus of more than 1200 individuals primarily to ____.
labwork [276]

NEC arose to:

d.standardize equipment use as a marketing tool

Explanation:

NEC Corporation is a multinational IT and Electronics firm that is based out of Japan.

It was started in the 60s as Nippon Electric company ltd. but it re branded itself to name NEC in 1983.

It is responsible for the standardization of equipment as their USP and their prime marketing tool and made it a standard industry practice to do so as of now.

Their impact on the whole industry has been immense.

7 0
3 years ago
True or false: small server sections are more typical in fast service operations
Sindrei [870]

Answer:

false

Explanation:

3 0
3 years ago
Read 2 more answers
ABC Lumber spent $1,000 cutting down a tree. The result was 40 unfinished logs that sell for $20 each and 100 bags of sawdust th
CaHeK987 [17]

Answer: below

Explanation:

- The sawdust should be sold as is without being processed into Presto

Logs.

- The pieces of unfinished lumber should be processed

8 0
3 years ago
Other questions:
  • On December 31 of the current year, Jones Company purchased a building for $100,000, paying $40,000 in cash and signing a 15-yea
    7·1 answer
  • Arden has designed an artistic design to complement his product's name to assist customers in identifying his product. these are
    8·2 answers
  • The journal entry to record the receipt of a payment within the discount period on a sale of $900 with terms of 2/10, n/30 will
    12·1 answer
  • ABC, Inc.'s income statement shows Service Revenue of $40,000, Wages Expense of $25,000 and Net Income of $1,000. The other expe
    14·1 answer
  • Both petroleum and coal are made up of complex carbon-based molecules, and both originated with living creatures of some kind. B
    15·1 answer
  • Leakages and injections Suppose the economy is initially in equilibrium, when a decrease in decreases total leakages out of the
    11·1 answer
  • The new CFO thinks that inventories are excessive and could be lowered sufficiently to cause the current ratio to equal the indu
    11·1 answer
  • a household consists of a married couple and their twin five year old daughters. The couple's children had no income and lived w
    12·1 answer
  • A machine has a cost of $15,000, an estimated residual value of $3,000, and an estimated useful life of four years. The machine
    10·1 answer
  • Typically the consumer price index (cpi) is calculated by checking the prices of?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!