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
brilliants [131]
3 years ago
12

Black Friday, the day after Thanksgiving, is the largest shopping day of the year. Do the early shoppers, who often wait in line

for hours in the cold to get doorbuster sale items, have elastic or inelastic demand?
Business
2 answers:
3241004551 [841]3 years ago
7 0

Answer: I personally would say the shoppers who wait in line for hours have an elastic demand.

Explanation: The reason why they have an elastic demand is because an elastic demand means when an elastic product is defined as one where a change in the price of the product leads to a significant change in the demand for that product. Which the people waiting outside are buying the item due to the change in price.

LuckyWell [14K]3 years ago
3 0

Answer:

Early shoppers have elastic demand because of the quantity demanded. That changes significantly as the result of a price change. Elastic means ‘sensitive’. Which means shoppers are responding to Black Friday deals currently happening so they can buy products they/want/need at the prices they wish to spend.

You might be interested in
Which of the following is a tangible incentive for good team performance?
shepuryov [24]

Answer:

Option A an early lunch is your answer ☺️☺️

5 0
3 years ago
Warren and shirley want to avoid having a balance due next year. which of the following can they do
Vinil7 [7]
Warren can submit Form W-4V to have taxes withheld from his Social Security is <span>Warren and shirley want to avoid having a balance due next year. 

Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions.
</span>
3 0
3 years ago
Bud’s Bucket ice cream company produces a chemically enriched ice cream and decides to penetrate the gourmet market by offering
ipn [44]

Answer:

It may turn off it's current customer base and cause them to purchase a competitors ice cream.

Explanation:

Market penetration strategy is the process of selling current products to an already existing market so as to obtain a higher market share by taking the market shares from the other competing companies.

Market penetration strategy uses low prices to generate demand for a product and increase market share. Bud's bucket ice cream decides to penetrate the gourmet market by offering its same ice cream at high prices instead of reducing the price, this might lead to a reduction in their current customer base.

6 0
3 years ago
At the beginning of the current period, Sheridan Company had balances in Accounts Receivable of $203,500 and in Allowance for Do
Dmitrij [34]

Answer:

Sheridan Company

a. Debit Accounts receivable $739,000

Credit Sales revenue $739,000

To record sales of goods on account.

Debit Cash $813,450

Credit Accounts receivable $813,450

To record collections from customers.

b. Debit Allowance for Uncollectible Accounts $7,198

Credit Accounts receivable $7,198

To record the write-off of accounts for the period.

c. Debit Accounts receivable $2,978

Credit Allowance for Uncollectible Accounts $2,978

To record the recovery of the uncollectible account.

d. Debit Bad Debts Expense $22,410

Credit Allowance for Uncollectible Accounts $22,410

To record bad debt expense for the period.

Explanation:

a) Data and Analysis:

a. Accounts receivable $739,000 Sales revenue $739,000

b. Cash $813,450 Accounts receivable $813,450

c. Allowance for Uncollectible Accounts $7,198 Accounts receivable $7,198

d. Accounts receivable $2,978 Allowance for Uncollectible Accounts $2,978

e. Bad Debts Expense $22,410  Allowance for Uncollectible Accounts $22,410

Allowance for Uncollectible Accounts

Account Titles          Debit        Credit

Beginning balance                   $8,620

Accounts receivable $7,198

Accounts receivable                  2,978

Bad debts expense                  22,410

Ending balance        26,810

Totals                    $34,008  $34,008

5 0
3 years ago
A visually evident condition that should alert a reasonably diligent real estate agent as to a problem is commonly referred to a
deff fn [24]

The answer that is being depicted above is red flag. This is a process or a way of having to provide reasonable explanation or to alert an individual when there is a problem that is present in means of having to let them know about it.

4 0
3 years ago
Other questions:
  • Sleep Tight, Inc., manufactures bedding sets. The budgeted production is for 45,800 comforters this year. Each comforter require
    7·1 answer
  • Consider the single factor APT. Portfolio A has a beta of 0.5 and an expected return of 12%. Portfolio B has a beta of 0.4 and a
    11·1 answer
  • If your bank is a member of the FDIC, what does that mean for you?
    7·2 answers
  • ​Lydia, a minor, charges the cost of a smartphone at a Mobile Devices &amp; Minutes store. Two nights later, Lydia loses the pho
    12·1 answer
  • The following information pertains to Company A's Year 1 inventory activities:
    11·1 answer
  • In recent​ years, economists have begun to use height as a measure of health​ and, indirectly, general​ well-being. Over​time, p
    6·1 answer
  • Consider the data in the Excel file Consumer Price Index. Use simple linear regression to forecast the data. What would be the f
    8·1 answer
  • what will happen if a shoe firm sells its shoes at a price lower than the opportunity cost of the input used in the production p
    13·1 answer
  • List three conditions for perfect competition.Instructions: You may select more than one answer.1. There is only one firm that m
    12·2 answers
  • HELP IM BEGGiNG YALLL
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!