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
Novay_Z [31]
3 years ago
9

Demand is __________________ when the price change results in a relatively larger change in quantity demanded. People __________

________ need products urgently with this type of demand.
Business
1 answer:
Reptile [31]3 years ago
5 0

Answer:

Demand is Elastic  

people don't

Explanation:

when the change in demand is elastic with relatively larger change in quantity demanded it definitely means that the consumers will not be needing the products urgently. this is because a product with an elastic demand is a product not classified as a necessity. it is rather seen as a luxury good.

An Elastic demand is change in the quantity of goods and services exceeds the change in price of the goods or service been offered and many of such goods and services are not essential commodities.

You might be interested in
Which of the following employees is most likely to be a hub? Multiple Choice Before his next project starts, Joseph wants his bo
Solnce55 [7]

Answer:

Khadija urges her team to be flexible and to consider all available options.

Explanation:

HUB which is an acronym of Historically Underutilized Business, is a form of business ventures or arrangement, whereby more than fifty percent is owned and control by a minority. For example, a woman, non-white Americans, etc, amongst others.

Hence, in this case, from the available options, Khadija is a female, and unlike Lila, she has a team of her own. This implies she is a leader and could be the owner or owned more than fifty percent in the company's ownership.

Therefore, the right answer is "Khadija urges her team to be flexible and to consider all available options."

8 0
3 years ago
The entries for the debit account titles in the "Account Title" column are written
Mice21 [21]

The correct answer is A. about one-half inch away from the left side. This is the format followed in listing down entries of account titles for better readability. This is one way of highlighting the account title column and give emphasis on the accounts falling under the debit category.

8 0
3 years ago
In IBP Exercise 09-03 you ran an MRP to produce only the Silver Deluxe Touring Bikes. Now, you can pick up where you left off an
777dan777 [17]
Not sure but because I don’t know your answer right now I’ll make sure to know it next time.
4 0
3 years ago
On October 5, Loomis Company buys merchandise on account from Brooke Company. The selling price of the goods is $5,000, and the
Nadusha1986 [10]

Answer:

Explanation:

the attached pictures show the explanation

3 0
3 years ago
Bradford Company derived the following cost relationship from a regression analysis of its monthly manufacturing overhead cost:
Firdavs [7]

Answer:

Bradford's estimated variable manufacturing overhead cost is $127,200

Explanation:

The cost function=$83,000+$12M

where M stands for machine hours required to produce the expected output in the month under review.

Each one-six unit case of Bradford's single product requires two machine hours,hence 5,300 cases would require 10,600 hours(5,300*2hrs).

Total estimated variable manufacturing overhead=cost per machine hour*expected number of machine hours

cost per machine hour is $12 as seen in the cost function

estimated variable manufacturing overhead=$12*10,600=$127,200

3 0
3 years ago
Other questions:
  • Sam has $65 to spend on clothes. he wants to buy a pair of jeans for $29 and spend the rest on t-shirts. each t-shirt costs $9.
    5·1 answer
  • The equation which shows a company’s resources equal claims to those resources is___________.a.Assets = Liabilities + Stockholde
    6·1 answer
  • The sticker price on a new car includes:
    6·1 answer
  • Which of the following are considered career in government and public administration? Select all that apply.
    13·2 answers
  • A firm currently sells $1,750,000 annually of an expensive product line. That firm is considering a similar, less expensive, dis
    13·1 answer
  • Which of the following is the least constructive approach when giving feedback? Be descriptive in your comments.
    13·1 answer
  • Multiple Choice Question The following selected information pertains to Wilson Company. Current liabilities: $100; long-term lia
    8·1 answer
  • Explain why it is not necessary for paper money to be backed by some commodity (eg gold) before it can have value?
    5·1 answer
  • Please tell whether inventory is beneficial or not for businesses with a large number of customers? Why?
    9·2 answers
  • darden has beginning equity of $286,000, total revenues of $72,000, and total expenses of $34,000. the company has no other tran
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!