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
Nina [5.8K]
2 years ago
9

In which of these instances is demand said to be perfectly inelastic?

Business
1 answer:
Murljashka [212]2 years ago
5 0

Answer:

b. A decrease in price of 2% causes an increase in quantity demanded of 0%.

Explanation:

By definition, the demand is said to be <em>perfectly inelastic</em> when no matter how much the price of a good changes, you will still be consuming the same exact amount as you did before the price changed.

Keeping this in mind, we know that the price may increase or decrease in 2%, but the demanded quantity will not have any change at all (people won't consume less or more).

So, now we know that the correct answer is <em>b, </em>because a decrease in price of 2% causes an increase in quantity demanded of 0% - in other words, people's purchase decision weren't influenced by the change in the price.

You might be interested in
For the last two months thomas has been worried that something bad is going to happen. he can't pinpoint the source of this feel
yan [13]
Thomas may be suffering from generalised anxiety as far as the situation describes. Generalised anxiety disorder is defined as the excessive worrying of an aspect of life for a reason that is vague. They worry too much may it could either be family, studying, or even their health.
5 0
3 years ago
Exchange rates are an effective way to analyze the price of one currency in terms of another currency with _____________________
nalin [4]

Exchange rates are an effective way to analyze the price of one currency in terms of another currency with the tools of demand and supply.

<h3>What do you mean by exchange rate?</h3>

Exchange rates refer to the value of one's nation's currency over the currency of another nation.

An exchange rate can be fixed or free-floating. A fixed exchange rate is pegged to the value of other currency and a free-floating exchange rate may rise or fall due to changes in the foreign exchange market.

Thus, exchange rates are an effective way to analyze the price of one currency in terms of another currency with the tools of demand and supply.

Learn more about the exchange rate here:

brainly.com/question/14930716

#SPJ1

3 0
2 years ago
Khandi gives a presentation to advocate that her employer, Let-Us Ltd., which offers services such as personal shopping and even
Sladkaya [172]

Answer:

A). She cites a personal services company in another city that increased its business by adding dog walking to its services.

Explanation:

PREP method is demonstrated as the effective method or approach of presentation or speech that consists of four steps: 'P stands for 'point'(statement of claim), 'R stands for 'reasons'(explanation of the point), 'E stands for 'examples or evidence'(to support the claim), and lastly, 'P stands for point('justification and restatement of the claim').

According to this method, option A i.e. 'She cites a personal services company in another city that increased its business by adding dog walking to its services' reflects the third step that Khandi uses for her presentation. <u>This citation would not only support her claim but also establish the credibility of her claim</u> while the next step would prove how her claim is justified. Thus, <u>option A</u> is the correct answer.

7 0
2 years ago
All sales are made on account. Collections from customers are normally 70 percent in the month of​ sale, 20 percent in the month
Taya2010 [7]

Answer:

The expected ending balance on November 30 will be $134,500

Explanation:

Sales Collected (165,000*70%)                  $115,500

Expenses paid                                            ($36,000)

Cash Opening                                               $55,000

Cash ending Nov 30                                    $134,500

5 0
2 years ago
Read 2 more answers
The purpose of an executive summary is to A. combine information from various sources in novel and insightful ways that do not r
Savatey [412]
<h2>The purpose of an executive summary is to represent briefly the most important elements of your report including the key findings and conclusions.</h2>

Explanation:

Executive summary:

  • To highlight the main feature thus catching the attention of readers to learn more on it.
  • It should state the purpose of the report which is mandatory
  • It should also contain the results and recommendation too
  • It is just a overview of the important findings
  • The report should be presented in such a manner that the reader does not get bored
  • This can also be called as synopsis
3 0
3 years ago
Other questions:
  • An important quantity in number theory referred to as __________ is defined as the number of positive integers less than n and r
    8·1 answer
  • Assume you are participating in your employer's direct deposit program. On payday, the employer deposits your ________ into you
    10·1 answer
  • All of the following are true regarding deferred revenues except: They are payments received in advance of services performed. T
    12·1 answer
  • Real gross domestic product _______.a. is a measure of inflation. b. can change from one year to the next even if there is no ch
    13·1 answer
  • HELP PLEASE, I WILL GIVE BRAINLIEST!!
    10·2 answers
  • Pay for knowledge programs:
    9·1 answer
  • The average wholesale price a company is charging camera retailers for its models is deemed to be competitive with the average w
    12·1 answer
  • How are time tickets and materials requisition slips similar?
    8·1 answer
  • When Treasury bills are auctioned off, if buyers are willing to pay $900 for a $1,000 treasury bill, the government is being ask
    12·1 answer
  • . If the company produces 5,000 fewer units than it sells in its second year of operations, will absorption costing net operatin
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!