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stepladder [879]
3 years ago
5

In placing a tire order with Goodyear, River City Industrial Supply finds that the truck tires it is ordering have increased $37

.50 in price since the last order. River City proceeds with the order, confident that it can pass on the price increase to future customers. This is an example of business products having ____ demand.
Business
2 answers:
andre [41]3 years ago
8 0

Answer:

Inelastic

Explanation:

Inelastic demand is when the buyer's demand does not change as much as the price changes. When price increases by 20% and demand decreases by only 1%, demand is said to be inelastic.

Inelastic demand in economics is when people buy about the same amount, whether the price drops or rises. This situation happens with things that people must have, like gasoline and food. Drivers must purchase the same amount even when the price increases.

pochemuha3 years ago
4 0

Answer:

The correct answer is b. inelastic .

Explanation:

Considering that inelastic demand occurs when substitute products do not exist or are not available, River City is forced to take the order beyond evidencing a high value compared to other previous purchases. The main behavior to the final consumer is also changing considering that the profitability margin that River City must handle in any way any variation in the prices of its tire supplier.

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How is the economy likely to be affected if a democracy becomes an oligarchy ​?
vladimir2022 [97]
The answer to this question is: <span>Upper classes in power are likely to become richer at the expense of others
In Oligarchy, the government will be fully centralized and totally controlled by the upper class of the society. This means that all legislation that made by the government will be very likely to bring benefit for themselves first rather than paying attention to the things that the majority of citizens need the msot.</span>
5 0
4 years ago
In this type of economy, the government will control some of the means of production, but not all of it. You can still become we
dimaraw [331]

The he type of economy where the government controls some production means, but not all of it is a mixed economy.

<h3>Types of economic systems:</h3>

Five distinct types of economic systems have been recognized, including:

  • Traditional
  • Command
  • Centrally planned
  • Free Market
  • Mixed

<h3>Characteristics of a mixed economy</h3>
  • Private property and self-interest are protected.
  • Free market activities are allowed.
  • Prices of goods and services are determined by the laws of supply and demand.
  • Government still intervenes in the means of production.

Thus, the type of economy where the government controls some production means, but not all of it is a mixed economy.

Learn more about economic systems here: brainly.com/question/491016

8 0
3 years ago
Following is the income statement information from Apollo Medical Devices.
Llana [10]

Answer:

$ in thousands) 2020

Net sales $4,163,770

Cost of sales before special charges 1,382,235

Special inventory obsolescence charge 27,876

Total cost of sales 1,410,111

Gross profit 2,753,659

Selling, general and admin expense 1,570,667

Research and development expense 531,086

Explanation:

3 0
3 years ago
Ang Li has found it rather hard to move up in her managerial career at her workplace especially when compared to how fellow grad
aleksklad [387]

Answer: A glass ceiling

Explanation:  

 A glass ceiling is basically refers to the hidden barrier that monitoring the women advancement and also the minority level based on the leadership position, careers and also the discriminate in the workplace.

According to the given scenario, the given situation suggesting about the presence of a glass ceiling in the Li's organization due to the discrimination in the workplace on the basis of achievement an also the high qualification.  

 Therefore, Glass ceiling is the correct answer.  

5 0
3 years ago
If it costs $75,000 to put on an event and total revenue is $135,000, what is the profit as a percentage of revenue?
Nuetrik [128]

Answer:

44.44%

Explanation:

Profit is obtained by subtracting cost from revenue.

I,e.,

Profit = revenue - cost.

In this case,

Profit = $135,000 - $75,000

Profit = $60,000

As a percentage of revenue

= $60,000/ $135,000 x 100

= 0.44444 x 100

= 44.44 %

4 0
3 years ago
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