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Charra [1.4K]
3 years ago
5

Why does demand become more elastic over time?

Business
1 answer:
Pavlova-9 [17]3 years ago
3 0
Competition Increased over time
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"Other things equal, when the price of a good rises, the quantity demanded of the good falls, and when the price falls, the quan
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Answer:

<u><em></em></u>

  • <u><em>Law of demand</em></u>

<u><em></em></u>

Explanation:

Indeed, the <em>law of demand </em>is that the price and quantity demanded are inversely related. <em>Ceteris paribus</em>, the economist say. It is a latin expression that means "<em>other things equal</em>".

As the resources are, per definition, scarce, the consumers, ecomomic agents who buy the products, need to allocate the money among the different goods and services that the market puts at their disposal.

And they allocate the resources in a intelligent way: they "calculate" the utility of each product considering the cost. If the price increase, the ratio of utility to cost decreases and the consumer will diminish the quantity demanded for that good. If the price decrases, the utility to cost ratio increases and the quantity demanded will increase.

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State any five reasons why an entrepreneur may carryout Market survey.​
swat32

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to know what the other people are interested in, for example they do a survey to see how much of each product they need and the popularity of how many people like the stuff, those are 2 reasons, quantity and I would say popularity 3: get the people to know that enreprenuer cares 4 and five just think about it, I cant really think of anymore

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Riley's casualty cost deduction comes from the substraction between the adjusted basis, which is the net cost of an asset after adjusting for various tax-related items, and the amount the insurance paid Riley.

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Data provided in the question

Number of shares outstanding = 20 million

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So, by considering the above information, the new market cap of the company X is

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To determine the new market cap, we simply multiplied the number of outstanding shares with the per share so that the exact value could come

         

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