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Anna35 [415]
3 years ago
11

Which of the following is not a major determinant of the price elasticity of demand? A. availability of close substitutes B. pro

portion of income spent on the good C. amount of time that has elapsed since the price change D. quantity of goods available
Business
1 answer:
pav-90 [236]3 years ago
5 0

Answer:

The correct answer is option D.

Explanation:

The price elasticity of demand can be defined as the degree of responsiveness of quantity demanded of a commodity to a change in the price of the commodity.  

The price elasticity of demand depends on several factors including

  1. Availability of close substitutes
  2. The proportion of income that is spent on the good
  3. Amount of time consumers have to adapt to the price change

If there are cheaper substitutes available in the market then the demand will be relatively elastic. Similarly, if a small proportion of income is being spent on the good than the demand will be relatively inelastic. Demand in a short period will be inelastic. Though elasticity of demand is not affected by the number of goods available.

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The organizational culture of a pubic agency consists of the relationship it has with the public it serves.
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3 years ago
While viewing a webpage for outdoor gear, Phil noticed a graphic display advertising skateboards at low prices. When he clicked
AURORKA [14]

Answer: This is an example of<em><u> "paid display" </u></em>type of Internet advertising

Paid display or pay-per-click advertising, is an effortless, inexpensive way to compass the right masses.

Here, When Phil clicked on the ad, it took him to a different website where the skateboards were listed for sale. Thus targeting the right audience with right ad.

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Similarities between single column cash book and double column cash book<br><br>​
hram777 [196]

Answer:

Both single column cash book and double column cash book are similar because they both record cash payments

Explanation:

A cash book is a book or journal used to record all business transactions within a particular period like receipts, disbursements, bank deposits and bank withdrawals. They are different cash books namely: single column cash book, double column cash book and triple column cash book.

A single column cash book is used to record payments in form of cash while a double column cash book records both cash payments as well as bank transactions.

Both single column cash book and double column cash book are similar because they both record cash payments

8 0
3 years ago
1. Companies with strong safety cultures usually have lower
Ksenya-84 [330]
<h3><u>Answer:</u></h3>

Companies with strong safety culture usually have lower turnover

<h3><u>Explanation:</u></h3>

Safety culture includes a high degree of belief, Value, attitude and perception toward the organization which is shared among all. Therefore, it not only promotes better performance, team spirit, commitment and communication between the employer and employees of the organization but additionally generates Health and safety benefits which ultimately lower the turnover of a company as it the key to promoting wellness of employee and employer by reducing the workplace stress.

8 0
4 years ago
You decided to save all of tax refunds next four years. Given your projection of your annual income and effective tax rate, you
Galina-37 [17]

Answer:

Final value= $15,101.13

Explanation:

Giving the following information:

You believe that you will be able to invest $3,000, $3,300, $3,800, and $4,000 next four years. The interest rate is 5%.

To calculate the final value of each deposit we need to use the following formula:

FV= PV*(1+i)^n

Year 1= 3,000*1.05^3= $3,472.88

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Year 3= 3,800*1.05= 3,990

Year 4= 4,000

Total= $15,101.13

7 0
4 years ago
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