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Stels [109]
2 years ago
14

In economics, if a good is inelastic

Business
1 answer:
IRISSAK [1]2 years ago
6 0

Explanation:

Let us understand the term what is elastic & "inelastic".

Elastic: It is the change in the behavior of the buyer & the seller when the product price changes.

Elastic goods will always have an substitute.

Example: Books, pencil, Notebook, bread, etc,

Inelastic means: This is opposite of elastic. There will be same number of buyers when the price goes up or down.

Whether the price gets raise or lower daily we need food. So food is inelastic.

Eg.  food, prescription drugs, and tobacco products

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The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2016 and 2017.
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Answer:

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3 years ago
Feemster Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets a
damaskus [11]

Answer:

$288 (F)

Explanation:

In order to calculate activity variance we subtract actual results from the flexible budget. Moreover, the flexible budget is determined by taken into account both fixed and variable expense of the activity. This is shown below:

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5 0
3 years ago
What year was the sale of goods and supply of services act passed ?
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Children with asthma can have severe asthma attacks if they catch common
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Answer:

All of the above can prevent the spread of infections

Explanation:

Germs are commonly known to be everywhere and can be spread in various ways, such as through the air in sneezes, coughs, or even breaths.

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Which of the following best describes what investment is?
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