All categories

4 years ago

Goods that are considered to be needs tend to be

2 answers:

5 0

<span>Goods that are considered to be needs are called Inelastic goods. This means more or less that no matter what the supply or demand are, the goods will still be purchased and traded with.</span>

Vaselesa [24]4 years ago

3 0

Goods that are considered to be needs tend to be inelastic .

The microeconomic theory classifies the goods as elastic or inelastic, according to the variation that occurs in the demand before the percentage variations in the prices.

Elastic goods are the goods in which the demand varies greatly when the price increases or decreases. These goods are usually considered non-essential, or superfluous.

Inelastic goods are those goods in which even with a significant percentage change in prices, their demand does not vary significantly. This is because these goods are considered essential for consumers. For example medcines.

You might be interested in

According to Erik Erikson, middle adulthood is either spent making a personal contribution to family, community, or work, or it

madam [21]

Answer:

Generativity versus stagnation is the correct answer.

Explanation:

7 0

3 years ago

Plzz help!! North America includes one “not free” country. What is that country?

kolezko [41]

Answer:

D.Mexico

Explanation:

8 0

3 years ago

Read 2 more answers

Why did the south experience significant growth during the song dynasty?

Stella [2.4K]

Answer:

Invaders forced a huge portion of the population to the south.

Explanation:

During the era of Song Dynasty , Chinese citizens receive series of invasion that came from the Northern part of their country (Historian predicted that these invaders came from modern day' Kazakhstan's territory)

To avoid these invasions, many people at that time moved to the southern part of the country. This caused an increase in the amount of labor force in the southern region, which contribute to the significant growth of the southern region.

6 0

3 years ago

If a gang member in prison is given solitary confinement for enforcing one of the gang’s goals and not letting prison administra

fgiga [73]

Answer:

labeling

Explanation:

5 0

4 years ago

Faith is a compulsive gambler, and she gambles frequently regardless of whether she wins or loses. She realizes that she needs t

Andrews [41]

Answer:

The answer is C. Contemplation.

Explanation:

According to the stages of change model, we can say that Faith is in the contemplation stage. In this stage people consider the possibility to begin with healthy behavior soon, it is said that people could do this within the next 6 months.

In this stage, people consider and recognize the fact that their behavior could have undesired consequences, and they also consider the pros and cons of making a change related to their behavior. They give the same importance to both aspects. Although people recognize the situation, they could still have contradictory feelings or ideas regarding their behavior change.

7 0

4 years ago