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IRINA_888 [86]
3 years ago
15

During World War II, the price of rubber went up considerably. The rise in price stimulated research for alternatives. For examp

le, today's automobile tires are almost entirely made from synthetic materials. As a result, the increase in the price of rubber eventually led to a very large drop in quantity demanded. This is an example of how the price elasticity of demand:
Business
1 answer:
disa [49]3 years ago
5 0

Answer:

rises the greater the time frame considered.

Explanation:

Since in the question, it is given that the rubber price increased up and they are made up of synthetic materials. Due to an increase in the price of the rubber, there is a large decline in quantity demanded

So this represents that if the price elasticity of demand increased the more the time period is relevant

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How will a drastic fall in the price of necklaces affect the quantity of necklaces that rachel supplies? explain your answer. 12
Eduardwww [97]

Price and quality exist positively correlated.  A drastic fall in the price of a necklace shows a drastic fall in its quality.

<h3>What is price?</h3>

A price exists as the quantity of payment or compensation provided by one group to another in return for goods or services. In some situations, the price of production has various names. If the product exists as a "good" in the commercial exchange, the payment for this product will likely be named its "price".

A positive correlation exists as a connection between two variables that move in tandem—that is, in the same direction. A positive correlation exists when one variable decreases as the other variable declines or one variable increases while the other increases.  A positive correlation indicates that both variables change in the same direction. A negative correlation indicates that the variables change in opposite directions. A zero correlation signifies there's no association between the variables.

Price and quality exist positively correlated. The price of a product stands as a good indicator of its quality. You always have to spend a bit more for the best. The marketing literature has managed the usage of price as a surrogate for quality as a decision-making heuristic. That exists; the higher the price, the higher the quality.

Therefore, a drastic fall in the price of a necklace shows a drastic fall in its quality.

To learn more about positive correlation refer to:

brainly.com/question/17104826

#SPJ4

5 0
1 year ago
This chart shows the link between interest in a product and the price a consumer pays.
mr Goodwill [35]

<u>Answer: </u>

The given chart shows the link between interest in a product and the price a consumer pays.

<u>Explanation: </u>

  • The more the interest a person has in a product, the more willing he is to pay any demanded price for the product.
  • On the other hand, if a person is not at all interested in a specific product, he would not buy it even if it is available at the cheapest price in the market.
3 0
3 years ago
Read 2 more answers
What are the challenges (trends) Consolidation Tech Plus (CTP), Inc. Should be aware of in the environment of human resource man
makkiz [27]

Answer:

Workforce diversity challenges, technological challenges, and economic challenges

Explanation:

The challenges (trends) Consolidation Tech Plus (CTP), Inc. Should be aware of in the environment of human resource management that require HR to play a more central role in​ this growing organization are :

Workforce diversity challenges includes Acceptance and Respect, Accommodation of Beliefs ,Ethnic and Cultural Differences,

Gender Equality among others

Technological challenges includes Information security, Risk management and governance,

Regulatory compliance, Technology integration and upgradation, Resource management among others

Economic challenges includes Conflict and Poverty, Competing in a New Era of Globalization,Global Imbalances,Rise of New Powers among others

3 0
3 years ago
Suppose Asarta Inc. is polluting yucko and they have been tasked with cleaning up some of their waste. The company decides to cl
uranmaximum [27]

Answer: The answer is No, because the MB > MC

Explanation:

They are not cleaning up enough because the MB>MC. Therefore, all other options which cut across - Yes, because the MC > MB,

No, because the MB > MC,

Yes, because the MB > MC and

No, because the MC > MB are wrong.

5 0
3 years ago
Functions of Financial Markets. Look back at Section 2.3 and then answer the following questions: (LO2-3) a. The price of Yum! B
Aleonysh [2.5K]

Answer:

It seems that someinformation is missing, nevertheless, it is possible to calculate the market value of the firm if you have the total number of shares.

Explanation:

In this case, if the question says that the "outstanding shares" haven't changed, it means that the total number of shares neither, therefore it is possible to get the market value by multiplying $180 (the stock price for 1 share) per the total number of shares

5 0
3 years ago
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