All categories

3 years ago

5. Describe a product you know of that has elastic demand. Why is the demand for this

1 answer:

4 0

A good or service is said to be highly elastic if there is a a slight change in price this will cause a sharp change in the quantity. Usually these kinds of products are readily available in the market - example is jewelry. lottery ticket.

You might be interested in

Clemson University Urgently needed $30 million to properly execute a student testing plan during fall of 2020. Clemson approache

VARVARA [1.3K]

The financing cost of Clemson to secure the investment will be $2.2875 million.

<h3>How to calculate the financing cost</h3>

From the information, we've to calculate the simple interest first. This will be:

= PRT/100

= (30 × 0.75 × 8.5)/100

= 1.9125 million

The fee is 1.25% of the issue size. This will be:

= 1.25% × $30 million

= $375000

Therefore, the financing cost will be:

= $1.9125 million + $0.375 million

= $2.2875 million

Learn more about financing cost on:

brainly.com/question/24576997

5 0

2 years ago

Sara is the team leader for the remote coding project team at her hospital. She has brought together coders, IT technicians, and

harkovskaia [24]

Answer:

Forming.

Explanation:

The forming stage includes a time of direction and acclimating. Uncertainty is high during this stage, and individuals are searching for leadership and authority. A member who declares authority or is educated might be hoped to take control.

6 0

3 years ago

Dana spends several hours researching prices and online reviews of t-shirts for a school

Sunny_sXe [5.5K]

Answer:

B. The time spent on the task

Explanation:

The time that Dana spends carrying out her task is a cost to her. That cost can be calculated by ascertaining the gains or benefits she has missed due to the research.

If Dana were not doing the research, she would be engaged in other activities. Those activities could have been of benefit to her, be it financially or otherwise. The benefits foregone are the cost of Dana doing the research.

8 0

3 years ago

A person who does not lock the doors or does not repair leaks shows an indifferent attitude. This person presents what type of h

Natalija [7]

Answer:

Morale.  Defined as the attitude of individual groups toward their work environment toward voluntary cooperation to the full extent of their ability in the best interest of the organization.

4 0

2 years ago

Does a rising GDP benefit everyone? Explain

Nastasia [14]

Answer:When a country's GDP is high it means that the country is increasing the amount of production that is taking place in the economy and the citizens have a higher income and hence are spending more. However, increase in GDP does not necessarily increase the prosperity of each and every income class of the nation.

Explanation:

3 0

3 years ago