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3 years ago

Certain kinds of goods tend to have inelastic demand; a good usually has inelastic demand if what?

1 answer:

3 0

Usually if it's an basic good, or very important one.

because the price fluctuations do not affect the quantity sold.

a good example of that would be milk, if the milk gallon is say $8, and a family needs 1 gallon daily, they buy it for $8.

if the price drops to $7, they might buy 2, but they only need 1 everyday, just in case they may get another.

if the price drops to $4 or even $3, they're not going to get 10 gallons, there's no need for it on an everyday basis, besides is a perishable.

now if the price goes up to $12, they still need it, and will buy it for $12.

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TiliK225 [7]

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2 years ago

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Answer:

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2 years ago

A florist had 88 flowers. She wanted to put

EastWind [94]

Answer:

2 (Remainder 4) In decimal form to the hundredths: 2.09

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2 years ago

Translate the following statement to an inequality. A number is at most seven. x > 7 x < 7 x ≥ 7 x ≤ 7

damaskus [11]

The required inequality is: x≤7

Step-by-step explanation:

The words have to be considered and observed properly to write an inequality.

At most means, that the value cannot exceed 7.

So,

Let x be a number

Then

A number is at most 7 will be written as:

$x\leq 7$

as the value of x cannot exceed 7.

The required inequality is: x≤7

Keywords: Inequality, Variables

Learn more about inequalities at:

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3 years ago

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2 years ago