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lutik1710 [3]
2 years ago
15

If demand for a given good is elastic, then a given percentage change in price will bring about a(n) __________ percentage chang

e in quantity __________.
Business
1 answer:
Volgvan2 years ago
8 0

Answer:

The correct answer is letter "A": larger; demanded.

Explanation:

Elasticity is the characteristic of goods and services by which their quantity demanded changes in proportion to the change in prices. <em>Elasticity is calculated by dividing the percentage change in the quantity demanded by the percentage change in price.  </em>

<u><em>If the result is equal to or greater than one (1), the demand for the product is elastic, meaning a minimum change in price causes a greater change in quantity demanded</em></u>. If the result is lower than 1, the demand is inelastic which implies that changes in the price of a product almost do not change the quantity demanded.

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Answer:

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Explanation:

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2 years ago
Which of the following is recommended when paying a credit card bill?
patriot [66]

Answer:

C. Pay more than the minimum amount every month.

Explanation:

Because credit cards have very high interest rates, and the interest is compounded every day, it is recommended to pay more than the minimum amount every month, so that the total credit card bill is paid out more quickly.

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3 years ago
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The contractor proposed $x,xxx,xxx for manufacturing labor contemplating the following full time equivalent (FTE) for the three
Lady_Fox [76]

Answer:

$659,277

Explanation:

The computation of the manufacturing labor dollars per year over the three year period of performance is shown below:

For 3 year it is

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4 0
3 years ago
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Flura [38]

Answer:

The answer is autonomy (Option D)

Explanation:

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A manager or superior like Margie (in the question) who gives employees autonomy simply gives minimal instruction on what needs to be achieved but allows the employees to go about the job in ways that best suit them.

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2 years ago
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Answer:

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Explanation:

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