The correct matching of the given scenarios are"
- Klaus' demand for orange juice- Relatively elastic
- Amanda's annual demand for coffee- Relatively elastic
- Jackson's demand for mystery novels- Relatively inelastic
- Hermy's demand for Minute Maid orange juice- Relatively inelastic
- Olivia's daily demand for Starbucks latte- Relatively inelastic
- Stephen spends a very little part of his income on soda- Relatively elastic
- Xavier's demand for his economics textbook- Relatively inelastic
<h3>What is Elasticity of Demand?</h3>
This refers to the substantial change in demand of a particular product as a result of an economic factor.
With this in mind, we can see that inelastic demand has to do with the situation where the demand does not change regardless of the price change.
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B we did this at school it’s not hard nor easy
Answer: Brand
Explanation:
Brand managers are the ones in charge of how a product is perceived by the public, especially their niche. They do this through Marketing which is publicizing the product.
They are therefore in charge of marketing the product to their niche so that the product can be bought and by being given total marketing responsibility over Diet Cherry 7Up, Ms Roberts is now most definitely, the Brand Manager.
Answer:
<em><u>Accounting result</u></em>
revenues 723,000
cost <u> (690,000) </u>
income 33,000
<em><u>Economic result</u></em>
Accounting income 33,000
opportunity cost rent: (2,000)
opportunity cost wages:<u> (20,000) </u>
economic profit 11.000
Explanation:
The accounting will consider only the explicit cost whch are therevenues and expenses incurred during the period, In the other hand, the economist approach will also cosider the renounce utility of the factor in this case, the 2,000 for renting and 20,000 for working somewhere else.
The scenario illustrated by the company is related to promotion in marketing mix.
<h3>What is promotion?</h3>
It should be noted that promotion is the marketing communication that's used to inform the audience about a good.
In this case, since the companies use online advertising campaigns and contests to help develop better goods, services, or ideas. This depicts promotion.
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