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vitfil [10]
3 years ago
6

Henry Ford famously mass-produced cars at the beginning of the twentieth century, starting Ford Motor Company. He made millions

because mass production made cars cheap to make, and he passed some of the savings to the consumer in the form of a low price. Cars became a common sight in the United States thereafter. Keeping total revenue and its relationship with price in mind, do you expect the demand for cars to be elastic or inelastic given the story of Henry Ford?
Business
1 answer:
MA_775_DIABLO [31]3 years ago
6 0

Answer:

Elastic

Explanation:

Elasticity of demand measures the responsiveness of quantity demanded to changes in price of a good

Elasticity of demand = percentage change in quantity demanded / percentage change in price

demand is elastic if a small change in price leads to a greater change in quantity demanded

Because there are a lot of cars available, if the price of cars are increased, consumers can easily shift to the consumption of cheaper cars

Demand is inelastic if a small change in price leads to little or no change in quantity demanded

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Jacob wanted a parking space in a nearby lot. He filled out an application and a computer generated his choices. This is an exam
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3 years ago
Which of the following is true of copyright law? Group of answer choices It protects the design, color, or shape that is associa
marta [7]

The following is true of copyright law : It protects original, creative expression.

<h3>What is Copyright ?</h3>

Copyright (or author's proper) is a prison time period used to explain the rights that creators have over their literary and inventive works. Works protected through copyright variety from books, music, paintings, sculpture, and films, to laptop

<h3>What is Copyright laws?</h3>

Copyright is a federal law. It is Title 17 of the United States Code. Copyright is the right of authors to control the use of their work for a limited period of time.

Copyright laws can be described as those laws which are useful for the protection of the original expression of an idea. Copyright laws are laws which are used to securely protect literary works, musical works, artistic works, as well as educational properties etc. The law does not offer protection from an idea. What it protects is the expression of that particular original idea. This means that another work could be done that is based on the same idea as a first work but this second work is not an infringement on the first.

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