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vichka [17]
3 years ago
9

If, for a given percentage increase in price, quantity demanded falls by a proportionally smaller percentage, the demand is

Business
1 answer:
nekit [7.7K]3 years ago
4 0

Answer:

Option (D) is correct.

Explanation:

We know that there is a inverse relationship between the price of a good and its quantity demanded.

Relative inelastic demand refers to the demand where percentage change in the quantity demanded is relatively smaller than the percentage change in price of the good.

Relative inelastic demand curve is a demand curve which is relatively steeper in shape but not perfectly inelastic or vertical.

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I'm not sure about this, can anyone help me?
Nutka1998 [239]

Answer: I think it would be C i'm not sure why don't you try that and let me know okay

Explanation:

6 0
3 years ago
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PLEASE HELP URGENT 30 points!
solniwko [45]

Answer:

that would be employers or acquaintances

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3 years ago
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An economy has $10 trillion in consumption, $2.5 trillion in investment, $3 trillion in government purchases, $1 trillion in exp
barxatty [35]

Answer:

$15 trillions

Explanation:

The computation of the GDP is shown below:

GDP = Consumption + Investment + Government purchase + Net exports

where,  

Consumption = $10 trillions

Investment = $2.5 trillions

Government purchase = $3 trillions

Net exports = Exports - imports

= $1 trillion - $1.5 trillion

= -$0.5 trillion

So, the GDP would be

= $10 trillions + $2.5 trillions + $3 trillions - $0.5 trillions

= $15 trillions

= 13.5 trillions

3 0
3 years ago
( b ) explain five circumstances under which a high population growth may be desirable ​
statuscvo [17]

Answer:

There is a need to increase the demand in market for both goods and services.

There is a need to attract foreign investors

As societies modernize, mortality rates fall while birth rates remain high leading to high population growth rates.

Higher population growth may be beneficial in high-income countries where there is currently a tendency for population growth rates to decline

Development in agriculture, better techniques to grow more and better quality food.  Food available at all the times due to better storage conditions. So people do not die of starvation when food is not available.

Explanation:

7 0
2 years ago
Select the law that determines if the strategy is legal or illegal. 1. WCG agrees with its cell plan competitors to raise prices
Llana [10]

Answer:

The given laws for each are as follows:

Explanation:

1. WCG agrees with its cell plan competitors to raise prices for all customers - Sherman Antitrust Act

2. WCG colludes with another company to stop offering family plan discounts - Sherman Antitrust Act

3. WCG decides to advertise a new plan that is 75 percent off the regular plan, even though it is only 20 percent less - Wheeler-Lea Act

4. WCG promises retail consumers a "wholesale" rate, even though it is the same price as always - Wheeler-Lea Act

5. WCG wants to attract more women to its plans and starts offering female consumers 30 percent off their bill - Robinson-Patman Act

6. WCG offers a discount to teenage males in an effort to get customers from its more trendy competitor - Robinson-Patman Act

5 0
3 years ago
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