All categories

3 years ago

Which product is most likely to be the most price elastic?

Business

1 answer:

Elina [12.6K]3 years ago

5 0

Answer:

automobiles

Explanation:

Price elastic describes the relationship between changes in demand as a result of changes in the price. Price elasticity describes how a product's demand responds to a change in its price. Goods or services are price elastic if a small change in price causes considerable differences in their demand.

In this case, automobiles will be more elastic. Changes in their prices will result in significant changes in demand. An increase in the price of automobiles will result in consumers considering other means of transportation. When price decrease, many commuters will opt to but cars. Milk, housing, and clothing are basic needs. People need them for survival. An increase or a decrease in their prices will not change their demand in a big way. They are price inelastic.

You might be interested in

QUESTION 8 of 10: You have decided to pursue a career in nursing. You are willing to relocate based on salary differences. The s

Shalnov [3]

The mean of salary for these options is $30.76

5 0

3 years ago

A project manager can identify the skills needed for the project from the:

Katarina [22]

Answer:

D - work breakdown structure

Explanation:

A detailed work breakdown structure should entail the job description, specific skills required, work experience recommended as well as the number of people required to carry out the task, should it require more than one. the project manager should then be able to identify the skills needed that he/she would have to go out and seek internally or from the public. Departmental personnel listings may not necessarily relate to the project and a budget will not state who does what, only the finances set aside for the project and its deliverables. A stakeholder meeting usually is for the end user stating what he/she expects the end product to be like. the project manager may be able to pick up a few skills requirements from that but that would only be surface level information. A detailed work breakdown structure will give him/her what is needed to plan, begin, continue and end the project efficiently.

7 0

3 years ago

What technology uses a standard web browser to provide information, and gives the wireless user the opportunity to agree to a po

Lera25 [3.4K]

Answer:

Captive Portal Access Point

Explanation:

Based on the description provided it seems that the technology being mentioned is called a Captive Portal Access Point. This refers to a web page that is displayed as soon as you try to access a new Wi-Fi network. This web page requires the user to input login credentials (username and password) in order to gain access into the network and use all of the resources that the network can offer.

6 0

3 years ago

Which phrase best describes the purpose of a slide master? Check all that apply.

Ksju [112]

Answer: to establish the layout of all slides, or a group of slides, in a presentation.

to determine the theme of all slides, or a group of slides, in a presentation.

to allow users to apply changes in layout or theme to an entire presentation.

Explanation:

It should be noted that the Slide Master refers to the top slide which controls the information regarding the background, fonts, theme, layout, and color of all the slides in Microsoft PowerPoint.

The phrase best describes the purpose of a slide master include:

• to establish the layout of all slides, or a group of slides, in a presentation.

• to determine the theme of all slides, or a group of slides, in a presentation.

• to allow users to apply changes in layout or theme to an entire presentation.

Therefore, the correct options are C, D and F.

8 0

3 years ago

Whispering Winds Corp. Income Statement For the Year Ended December 31, 2017 Sales revenue Cost of goods sold Operating expenses

garri49 [273]

Answer:

<h2> Whispering Winds Corp.</h2>

Statement of Cash Flows (Indirect Method) 2017

Cash flow from operating activities:

net income $161,100

Adjustments to reconcile net income:

+ depreciation expense $40,160

+ loss on sale of equipment $2,020

Change in current assets:

- increase in accounts receivable ($40,050)

- increase in inventory ($44,310)

+ increase in prepaid expenses $1,980

Change in current liabilities:

+ increase in accounts payable $2,580

- decrease in accrued exp. payable ($10,070)

Net cash provided by operating activities $113,410

Cash flow from investing activities:

purchase of new equipment ($164,450)

sale of old equipment $33,650

Net cash provided by investing activities ($130,800)

Cash flow from financing activities:

Proceeds from issue of new stocks $171,150

- redemption of bonds ($49,180)

- dividends paid ($85,680)

Net cash provided by financing activities $36,290

<u>Net increase in cash $18,900</u>

4 0

3 years ago