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vazorg [7]
3 years ago
11

A demand curve that is horizontal indicates that the commodity

Business
1 answer:
Alinara [238K]3 years ago
6 0

When a product has a horizontal demand curve, it means that its elasticity is said to be perfectly elastic. When the price of a perfectly elastic good or service rises above the market price, the amount demanded falls to zero. With perfect elasticity, consumers merely aren’t willing to spend more than a detailed price for a good or service. Meaning that the product has many substitutes.

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building a consensus

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ZanzabumX [31]

Answer:

See explanation below

Explanation:

Here, when the price of guppy gummies increases by 5%, the quantity of raskels sold decreases by 4% and the quantity of cannes sold increases by 5%.

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% change in quantity of raskels = -4%

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ii) Find the Cross price elasticity of demand between guppy grummies and cannes. Use the expression below.

% change in quantity demanded of cannes / % change in price of guppy gummies

= 5% / 5%

= 1

Complement goods have a positive cross price elasticity of demand. Since, the cross price elasticity of demamd here is positive, the goods complement each other.

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5 0
3 years ago
While any given advertisement for a product may focus on only one or a few purchasing motives, the _____. advertising campaign s
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I think the correct answer would be <span>advertising campaign needs to cover all the important purchase motives of the target market. The advertising campaign should target all of the possible motives. Hope this answers the question. Have a nice day.</span>
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Learn more about  public service here.

brainly.com/question/28161669

#SPJ1

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1 year ago
A farmer and a meatpacker use the commodity markets to reduce their risk. One agrees to buy live cattle in the future at a fixed
VLD [36.1K]

Answer:

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Hope this helps. ThankYou.

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