An elastic products prices are responsive to changes in demand. Generally, the necessity of the product is related to it's elasticity. For example, insulin is essential for diabetics, so the price is extremely inelastic—people will pay any amount because it is a life or death situation. The price of a new MP3 player can be inelastic, especially because results show that people want the newest thing, and will pay more if it works better than the previous model. Additionally, the price of "scalper" tickers to the World Series will increase by demand, but they will still sell regardless. The price of dairy products, however, is rather elastic; this is because when the price rises, people switch to a cheaper brand. The difference between an inelastic and elastic product is that elastic products have substitutes, whereas inelastic products have no substitutes (or sometimes very few).
Answer: A. the price of dairy products
hope this helps :)
<span>B. When the rent money coming in is more than the monthly mortgage, taxes, and maintenance, rental real estate is profitable.</span>
On the bottom of what ? Can you please take a pic of the question
Answer:
compensation system.
Explanation:
A compensation system corresponds to the sum of all benefits that an employee will receive in exchange for his work. Compensation corresponds to monetary and non-monetary benefits, such as health insurance, dental insurance and life insurance.
There are three general categories that divide remuneration. They are:
- Direct financial compensation,
- Indirect financial compensation and
- non-financial compensation.
His investment goods sales tax less than profit