If the quantity supplied by producers is relatively insensitive to price changes, supply is price inelastic.
Inelastic demand is demand for which the change in quantity demanded is small due to changes in price. Demand is elastic if the formula yields an absolute value greater than 1. In other words, quantity changes faster than price. If the value is less than 1, demand is inelastic.
For example, consumers are less price relatively insensitive if the product or service is unique or has few alternatives. Consumers are less price sensitive when total costs are low relative to total revenues. The total effort compared to the total cost of the final product also influences price sensitivity.
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If the quantity supplied by producers is relatively insensitive to price changes, supply is ______. Multiple choice question.
price inelastic.
quantity demanded.
relative price increase.
change in price.
The given statement belongs to "Uplift modelling" concept.
Explanation:
In analytical CRM Concept
Uplift modeling , customer segmentation and Website personalization are exist.
Uplift Modeling is an observational marketing method that forecasts the variance in the behaviour of consumers of a marketer's actions.
It splits the audience into groups that respond to the marketing camp against a control group based on the expected disparity.
Answer: Redundancy
Explanation:
The data redundancy is one of the type of condition in the database where we can easily store our data or information in more than two different places in the computer system memory. It is basically helps in correcting and also detecting the different types of errors in the stored data.
According to the given question, the school is basically keeping the two different list but the address and the name of the student information are similar and this is refers as data redundancy.
Therefore, Redundancy us the correct answer.
The answer is if the bank cannot make profit on the loan
Yw
To identify what the organization is in business to do.
