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sammy [17]
3 years ago
14

What is true of demand for a good that has many available substitutes?

Business
1 answer:
Margarita [4]3 years ago
7 0

Answer:

Demand for the good is relatively elastic

Explanation:

Substitute goods are goods that can be used in place of one another.

For example, there are different brands of jeans. These different brands serve the same purpose and be used interchangeably.

Goods with many substitutes usually have a relatively elastic demand.

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

Price elasticity of demand = percentage change in quantity demanded / percentage change in price

The more elastic a good is, the more demand is sensitive to price changes

If the price of a good increases and it has many substitutes, consumers can easily shift to consuming a cheaper substitute

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A policy that temporarily denies new appointments to a medical staff is called
slava [35]

The answer to the question being raised about a policy that temporarily denies new appointments to a medical staff is called Moratorium. Moratorium may come in different form one of which is the temporary denying of an appointment or an authorized period of delay or waiting or even suspension of an activity.

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4 0
3 years ago
As soon as she allocates tasks to her subordinates, Yolanda, an account manager, thinks about the next set of tasks that she can
slega [8]

Answer:

B) Being overly ambitious

Explanation:

Ambition is not a bad thing, it is probably one of the best traits that an employee can have, but an excess of something great isn't always good. Yolanda is so worried about upper management noticing how good she is at her work, that she might end up overloading her staff with work that may or may not be necessary or productive. That might result in a decrease in productivity or efficiency. Her subordinates might perform a lot of tasks, but how efficiently will they do it?

7 0
3 years ago
Article 2 of the UCC deals with the sale of ___________. It does not deal with real property (real estate), services, or propert
yawa3891 [41]

Answer:

goods, common, predominant-factor

Explanation:

Article 2 of the UCC deals with the sale of <u>GOODS</u>. It does not deal with real property (real estate), services, or property such as stocks and bonds. Thus, if the subject matter of a dispute is goods, the UCC governs. If it is real estate or services, the <u>COMMON </u>law applies. If a contract involves both goods and services, the courts generally use the <u>PREDOMINANT-FACTOR </u>test to determine whether to apply the UCC

5 0
4 years ago
Mcclelland's research suggests that the need for achievement is?
goldenfox [79]

It is the desire to attain an aim that pushes a person to work and even fight. People with high success needs strive to attain their goals by avoiding low-reward, low-risk scenarios and difficult-to-achieve, high-risk ones.

<h3>When was McClelland's theory of needs developed?</h3>
  • In the 1960s, American psychologist David McClelland established his needs theory, now known as the Achievement Theory of Motivation.
  • This idea is still widely used in psychology and academics, but it is also beneficial to business leaders and managers.
  • The more you understand about the psychology of human motivation, the more prepared you will be to motivate your staff effectively.
  • According to McClelland's thesis, everyone is motivated by one of three needs: success, affiliation, or power.

Learn more about McClelland's theory refer

brainly.com/question/16002769

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4 0
2 years ago
You want to quit your job and return to school for an MBA degree 3 years from now, and you plan to save $7,000 per year, beginni
qwelly [4]

Answer:

The correct answer is $23,260.69.

Explanation:

According to the scenario, the given data are as follows:

Payment (pmt ) = $7,000

Time period (n) = 3

Rate of interest (r) = 5.2%

So, we can calculate the future value by using following formula:

FV = Pmt ( 1 + r)^n + Pmt ( 1 + r)^n-1 + Pmt ( 1 + r)^n-2

By putting the value, we get

= $7,000 ( 1 + 0.052)^3 +$7,000 ( 1 + 0.052)^2+$7,000 ( 1+ 0.052)^1

= $23,260.69

hence, The future value after 3 years will be $23,260.69.

4 0
3 years ago
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