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Liula [17]
2 years ago
5

A good’s price elasticity of demand depends in part on how necessary it is relative to other goods. If the following goods are p

riced approximately the same, which one has the least elastic demand?
1. Sports car

2. Chemotherapy for cancer patients
Business
1 answer:
Elza [17]2 years ago
5 0

Answer:

2) Chemotherapy for cancer patients

Explanation:

Chemotherapy for cancer patients is a basic necessity needed for the patient to continue living, so if the price of chemotherapy increases or decreases will not affect the patient's choice of getting it. What can affect the patient's decision is whether he/she can afford the treatment, but even if he/she can't they will seek other ways of trying to obtain it, e.g. going to public hospitals.

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A perfect price discriminating monopoly produces _____.
attashe74 [19]

Answer:

the same quantity of output as a perfectly competitive market. If anything is wrong let me know since I'm new to answering questions

Explanation:

8 0
2 years ago
The following transactions occur for Cardinal Music Academy during the month of October:
tamaranim1 [39]

Answer:

The entries to record the transactions are given below.

a. Provide music lessons to students for $7,000 cash.

Debit Cash Asset                          $ 7000

CreditService Revenue income   $ 7000

b. Purchase prepaid insurance to protect musical equipment over the next year for $3,000 cash.

Debit Prepaid Insurance equipment Asset $ 3000

Credit Cash Asset                                          $ 3000

c. Purchase musical equipment for $10,000 cash.

Debit Equipment Asset    $ 10,000

Credit Cash Asset            $ 10,000

d. Obtain a loan from a bank by signing a note for $10,000

Debit Cash Asset            $ 10,000

Credit Notes payable     $ 10,000

7 0
2 years ago
A firm that uses ___________ segmentation divides a market into groups based on life stage, race, or profession.
Triss [41]

Answer:

Demographic

Explanation:

Demographic segmentation is often used in marketing to group customers according to demographic factors. The demographic factors include- age, gender, occupation, race, religion and income.

Other forms of segmentation includes :

1. Behavioural segmentation

2. Geographic segmentation

3. Psychographic segmentation

I hope my answer helps you

7 0
3 years ago
If you are reading a web page about a particular topic and see related advertisements appear along the side of the page, do you
suter [353]

Answer:

Yes.I do consider this invasion of privacy except i gave a consent to the website owner to use my data.

Explanation:

6 0
3 years ago
Imagine that you are a manager and your boss has asked you to improve the organizational design of your company to make it more
PSYCHO15rus [73]

Answer:

A) Connection B)Coordination C)Cooperation D)Capability Development E)Colut

Explanation:

A) This step is to create an environment where people freely communicate in order to CONNECT them to each other.

B) This step is to bring different aspects of activity into an efficient work flow to improve COORDINATION

C) This step is to make people work together or COOPERATE to achieve a common objective

D) This step is to Develop competencies of individuals

E) This step is to dedicating more resources on activities that will have an influence or CLOUT on the business

5 0
2 years ago
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