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gregori [183]
3 years ago
6

How does a business that is highly elastic respond to a drop in prices

Social Studies
1 answer:
erma4kov [3.2K]3 years ago
8 0

Answer:

The more elastic the supply curve, the easier it is for sellers to reduce the quantity sold, instead of taking lower prices. In a market where both the demand and supply are very elastic, the imposition of an excise tax generates low revenue.

Explanation:

Price elasticity of supply measures the responsiveness to the supply of a good or service after a change in its market price. According to basic economic theory, the supply of a good will increase when its price rises. Conversely, the supply of a good will decrease when its price decreases.

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Harriet is very frugal, so she regularly combs the grocery ads looking for bargains. Usually she'll go to a particular store jus
olga55 [171]

Answer:

Spillover sales.

Explanation:

Spillover sales can be defined as the sales of the product which are not advertised with the products that were advertised.

<u>In this sales are done to the customers of the products that were not advertised while they have come to buy an advertised product. </u>

In the given case, Harriet who always buys advertised grocery goes to a shop to buy them. But along with the advertised products she also bought those products that were not advertised. This type of purchase is known as "Spillocver sales".

So, the correct answer is "spillover sale".

4 0
3 years ago
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lesya692 [45]

Answer:

a)

Explanation:

The psychoanalytic theory hols that there are inner forces that drives behavior. The mind is divided into  conscious mind and the unconscious mind. The unconscious mind somehow links the fear of an entity to another entity and the conscious mind will be prompted by the unconscious mind to behave accordingly. The inner fear of father is translated into the fear of snake in this case.

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3 years ago
Social factor that influences consumer buying behaviour
ipn [44]

Explanation:

Social factors represent another important set of influences on consumer behavior. Specifically, these are the effects of people and groups influencing one another through culture and subculture, social class, reference groups, and family.

6 0
3 years ago
How much support of congress is needed to propose amendments
otez555 [7]

Answer:

For the congress to propose amendments, it needs the support of two-thirds of the House of Representatives and two-thirds of the Senate. There are 100 senators, thus, at least 66 senators have to support the amendment, and there are 435 voting members of the house of representatives, thus, at least 290 representatives have to support the amendment for it to pass.

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Which of the following is a power shared between national and state governments?
natima [27]
I think its 1 not 100 percent sure tho
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