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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
Ready Company has two operating (production) departments: Assembly and Painting. Assembly has 150 employees and occupies 44,000
Sedaia [141]

Answer:

A) $48,000

Explanation:

Assembly                                   Painting                             Total

150 employees                          100 employees                 250 employees

44,000 square feet                   36,000 square feet          80,000 sq. feet

Administration expenses                                                     $80,000

= 150 x $320 = $48,000           = 100 x $320 = $32,000

Maintenance expenses                                                        $100,000

= 44,000 x $1.25 = $55,000    = 36,000 x $1.25 = $45,000

administration expenses = $80,000 allocated based on workers, $80,000 / 250 employees = $320 per employee

maintenance expenses = $100,000 allocated based on square feet, $100,000 / 80,000 sq. feet = $1.25 per sq. feet

7 0
3 years ago
You purchased 200 shares of ABC stock on July 15th. On July 20th, you purchased another 100 shares and then on July 22st you pur
Mashutka [201]

Answer:

$330

Explanation:

The computation of the dividend income received as on July 31 is shown below:

where,

Total number of shares purchased is

= 100 shares + 200 shares

= 300 shares

And, the dividend per share is $1.10

So, the dividend income received is

= 300 shares × $1.10

= $330

We simply applied the above formula to determine the dividend income received

7 0
3 years ago
An informal writing style is typically appropriate when writing for an infamiliar audience.​
marysya [2.9K]

Answer:

Analytical reports are written for external audiences; informational reports are written for internal. An informal writing style is appropriate for external reports

Explanation:

Meaning of Informal Writing Style

Colloquial – Informal writing is similar to a spoken conversation. Informal writing may include slang, figures of speech, broken syntax, asides and so on. Informal writing takes a personal tone as if you were speaking directly to your audience (the reader).

I hope that this helps you

6 0
3 years ago
Harvey's Wholesale Company sold supplies of $46,000 to Northeast Company on April 12 of the current year, with terms 1/15, n/60.
victus00 [196]

Answer:

D) Cash 45,540 Accounts receivable 45,540

Explanation:

The journal entry is shown below:

Cash A/c Dr $45,540

        To Accounts receivable A/c  $45,540

(Being cash is received in respect of goods sold)

The computation is shown below:

= Sold value of supplies - the sold value of supplies × discount percentage

= $46,000 - $46,000 × 1%

= $46,000 - $460

= $45,540

Since the net method is used so we debited the cash account and credited the account receivable account.

8 0
3 years ago
Taylor needs a natural resources in his venture to make his enterprise possible. Which of the following isn't considered a capit
Rina8888 [55]

<u>Answer:</u>

<em>The factors of production typically include land, labor, capital, entrepreneurship, and the state of technological progress.</em>

<u>Explanation:</u>

In economics, capital typically refers to money. But money is not a factor of production because it is not directly involved in producing a good or service.

Instead, it facilitates the processes used in production by enabling entrepreneurs and company owners to purchase capital goods or land or pay wages. For modern mainstream economists, capital is the primary driver of value.

8 0
3 years ago
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