A) credit union is a group of people who agree to save their money together and to make loans to each other at a relatively low rate of interest.
A good or service is said to be highly elastic if there is a a slight change in price this will cause a sharp change in the quantity. Usually these kinds of products are readily available in the market - example is jewelry. lottery ticket.
Answer:
C.
Explanation:
Do teams and individuals follow instructions well?
All the projects in an organization are based in team work, and need to be thinking as a team that reacts to a external environment. So, this exclude answers A, B and D.
Answer:
C) luxury item, an increase
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price.
An elastic demand means a small change in price leads to a greater change in quantity demanded.
A luxury good is a good that isn't a necessity. They are usually bought as a status symbol.
Luxury goods usually have elastic demands.
Emeralds are luxury goods and if there's a fall in price of emeralds the quantity demanded of emeralds would rise.
I hope my answer helps you
Refiners are in the secondary sector of the market because they are taking inputs and making them into products for consumption.
