1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Grace [21]
3 years ago
8

Seth is a competitive body builder. He says he has ti have his 12 oz package of protein to " feed his muscles" every day. On the

basis of this information, what can you conclude about his price elasticity of demand for protein powder?
1. It is perfectly inelastic
2. It is perfectly elastic
3. The price elasticity coefficient is 0
4. it is elastic
Business
1 answer:
nexus9112 [7]3 years ago
3 0

Answer:

1. It is perfectly inelastic

Explanation:

Elasticity of Demand is the responsiveness of demand to price change.

  • Elastic Demand > 1 ; implies demand changes proportionately more than price change
  • Inelastic Demand < 1 ; implies demand changes proportionately less than price change
  • Perfectly Elastic Demand  = ∞ ; implies demand changes infinitely to price change, so the prices are constant
  • Perfectly Inelastic Demand = 0 ; implies demand doesn't respond to price change, so quantity demanded is constant

Given : Seth body builder needs 12oz protein packet to 'feed his muscles' depicts that it is a necessity good to him. Being a necessity good, it would be demanded by Seth irrespective of price.

So, the demand is perfectly inelastic.

You might be interested in
When using a grid analysis to weigh your options, how can bias be introduced?
Nookie1986 [14]

Answer:

Grid analysis is a brilliant chance to consolidate conceptualizing to consider the significance of different variables that affect a determination choice. The choice of another provider can be a laborious procedure, and the significance of the choice is inarguable.

Explanation:

8 0
3 years ago
Comprehensive coverage under the Personal Auto Policy pays for damage to the insured auto caused by all of the following except:
Maksim231197 [3]

Answer:

c. nuclear accident

Explanation:

Personal Auto Policy is the most common policy for the insured. However, Nuclear accident is not covered under this policy. The policy covers hail, collision with animals and birds as well as falling tree branches.

5 0
3 years ago
The trustees of a pension fund would like to examine the issue of protecting the bonds
Trava [24]

Answer:

The answer is C they but at a discount, the entire issues of new security....ation:

5 0
3 years ago
In considering whether to accept a special order at a price less than the normal selling price of the product, but the additiona
dem82 [27]

Answer:

Depreciation of the manufacturing plant.

Explanation:

Depreciation is a fixed cost. The depreciation cost of an asset is an annual expense. Usually, it is the same amount throughout the useful life of the asset.

In considering the particular order, the depreciation cost of the plant should not be a factor. Whether the order is accepted or not,  the depreciation cost of the plant will still be the same.

6 0
2 years ago
What is the typical relationship between time and interest rate?
UNO [17]
The more time the higher the interest rate
8 0
3 years ago
Read 2 more answers
Other questions:
  • At​ UPS, business was strong but profits were​ down, leading managers to look for ways to increase profits from existing operati
    10·1 answer
  • According to the dynamic version of the equation of exchange (as presented in the PowerPoint slides for Chapter 12), what will t
    11·1 answer
  • How would a low-cost price leader enforce its leadership through implied threats to a rival? provide at least one example of suc
    13·1 answer
  • The person who receives financial protection from a life insurance plan is called a what?
    9·1 answer
  • Who is the owner of Amazon
    13·2 answers
  • When might be the best time to start saving for retirement?
    5·2 answers
  • Tasty Treat Tea is a popular iced tea drink. When the manufacturer begins to use imported tea leaves, the price rises and consum
    15·1 answer
  • Identify two to three factors that affect revenue, expenses, and profit in the business of the Super Bowl:
    11·1 answer
  • A registered representative sends a prospecting letter to customers stating that significant profits can be achieved by purchasi
    8·1 answer
  • Fosnight Enterprises prepared the following sales budget: The expected gross profit rate is 30% and the inventory at the end of
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!