Answer:
Food, Drug, and Cosmetic Act is the correct answer.
Explanation:
Answer:
Price rises and demand is elastic
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.
Demand is inelastic if a small change in price has little or no effect on quantity demanded.
Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.
If Price falls and demand is elastic, total revenue would increase because Quanitity demanded would rise.
If Price falls and demand is unit elastic, there would be a proportionate change in quantity demanded and total revenue would remain unchanged.
If Price rises and demand is elastic, total revenue would fall because Quanitity demanded would fall.
If Price rises and demand is inelastic, total revenue would rise because there would be no change in quantity demanded
Answer:
less developed countries do not have a comparative advantage in the production of any goods or services.
Explanation:
Usually less developed countries do not have a full developed production
Answer
False memory refers to the psychological phenomena where we remember something vividly that happened to us or other people and believe it to be real when in actuality the event did not even occur or occurred differently to how we
Explanation:
Answer:
The answer is: D) The shop makes a substantial profit from pastries and other food bought by the coffee drinkers.
Explanation:
Once I saw this strategy being used by a chain of coffee shops that operated in large superstores. It was really successful, not only because they had a lot of clients. Most of the clients wouldn´t just buy coffee, they also bought pastries and sandwiches. This strategy was so successful that the coffee shop decided to offer free coffee to everyone. Even though you could just ask for a free coffee (after waiting 20 minutes in line), no one just got free coffee. Everyone bought something else. You could hear the other customers saying that since the coffee was free they were going to buy something.
