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
iren [92.7K]
3 years ago
5

Other things being​ equal, demand is less elastic A. the smaller the percentage of a total budget that a family spends on a good

. B. the more expensive the good is. C. the longer is the time period for adjustment. D. the more substitutes a good has.
Business
1 answer:
telo118 [61]3 years ago
3 0

Answer:

The correct answer is letter "D": the more substitutes a good has.

Explanation:

Price elasticity of demand is the result of the relation between changes in price and quantity demanded for a good or service. <em>Price elasticity of demand is calculated dividing the percentage change in quantity demanded by the percentage change in price.</em> If the result is equal to or greater than 1, the demand is elastic. This situation implies a minimum change in price will affect by far the quantity demanded of that good or service.

Thus,<em> products with many substitutes are elastic because a minimal change in their price would represent a large change in quantity demanded since consumers will find similar products that satisfy their needs in the same proportion.</em>

You might be interested in
Should banks have to hold 100% of their deposits? Why or why not?
fomenos

Answer:

No, they dont have to hold the 100%.

Explanation:

Because banks use the money deposited to make loans to other clients. By general rule the Commercial Banks are required to keep only the 10% of each deposit made in an account.

8 0
3 years ago
What will be the credit and debit
juin [17]
A credit card is money the bank lets you borrow A debit card is money you already have
3 0
3 years ago
1. Question 1 Your aunt is thinking about opening a hardware store. She estimates that it would cost $500,000 per year to rent t
Blizzard [7]

Answer:

B. What must be given up to acquire it

Explanation:

The opportunity cost is the cost which is to be sacrificed to gain for some better option

Since in the given case the aunt is thinking to open a hardware store but it will cost her $500,000 for rent and the to purchase the stock

And, also she also have to quit her accountant job for $50,000

So in this option quitting the job is to be considered as an opportunity cost

7 0
3 years ago
Stock and bond markets:
olga_2 [115]
Stock markets is a stock exchange and a bond market is where dept securities are issues and traded
8 0
3 years ago
Mention ONE other source of wealth other than inheritance
Cloud [144]

Answer:

Power is another source other than inheritance.

Hope this helped you!

Explanation:

6 0
3 years ago
Read 2 more answers
Other questions:
  • David Smith is an assistant professor at Bumble University (Home of the Fighting Bees!!). David's department chair, Ronald Doe,
    11·1 answer
  • Wright Company deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the clos
    14·1 answer
  • Jason rents rooms in his hotel for an average of $100 per night. the variable cost per rented room is $20. his fixed costs are $
    7·1 answer
  • A hostile interaction between people over the Internet is called a _________.
    7·2 answers
  • Why do grocery stores put canned pears on sale?
    8·2 answers
  • Freeman, Inc., reported net income of $40,000 for 20A. The income tax return excluded a revenue item of $3,000 (reported on the
    15·1 answer
  • Assume that investment spending
    10·1 answer
  • Identify and explain TWO reason why TGH sell to a niche market.​
    11·1 answer
  • Can someone define these will mark as brainliest
    13·1 answer
  • The daily cost of producing pizza in New Haven is C(Q) = 4Q + (Q2/40); the marginal cost is MC = 4 + (Q/20). There are no avoida
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!