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
marysya [2.9K]
4 years ago
10

What is the difference between elastic and inelastic demand?

Business
1 answer:
padilas [110]4 years ago
6 0

Answer:

Elastic Demand is when a slight change in a price of a good causes a greater change in the quantities demanded. Inelastic Demand is when a change in price of a good does not have a big effect on the amount of quantities demanded.

Explanation:

You might be interested in
The whistleblower protection act allows whistleblowers to take time off from their jobs if they are concerned with actions of th
Archy [21]

Answer: prohibits reprisals against whistleblowers by their superiors.

Whistleblowers are persons, who report illegal activities by an employer, government or organization. Since whistleblowers may risk retaliation from these groups for disclosing such information, a state and federal protection act for whistleblowers (WPA) was created to protect them. The act prohibits reprisals against whistleblowers by their superiors.

8 0
4 years ago
Read the introduction to an argumentative essay about entrepreneurs and free enterprise. Mary Kay Ash wanted to write a book abo
katrin [286]

Answer:

The introduction is effective because it is setting an example of why the thesis behind the book is correct.

Mary Kay Ash, instead of introducing with a statement about her ideas, and why she believes in those, decided to tell a story about a business plan. This is a concrete form to show that under a free enterprise system, women like her, are able to succeed in the business world because they are given the freedom to do so.

3 0
3 years ago
Read 2 more answers
QUESTION 16
kirza4 [7]
I would say, D. 2 hours & 16 minutes
4 0
3 years ago
Which of the following is NOT correct about causal regression analysis of the form Y = f(X)? A. Selection of the appropriate cau
Law Incorporation [45]

Answer:

A. Selection of the appropriate causal variable Y is important

Explanation:

We have this function, Y = f(X).

From this function we can see that Y is dependent on X. That is, it is a function of X. Y is not a causal variable. A causal variable is a variable that is able to influence the variable of interest. From this question Y is the variable of interest. It is the dependent variable. The independent variable is X and it is the causal variable.

Therefore the incorrect one is Selection of the appropriate causal variable Y is important

5 0
3 years ago
Accounts receivable arising from sales to customers amounted to $40,000 and $55,000 at the beginning and end of the year, respec
Allushta [10]

Answer: The answer is e. $215,000.

Explanation: Based on the information provided in the question, see the cash flows statement below:

XYZ Cash Flows Statement

Net income                                                         $180,000

Increase in account receivable                           (15,000)

Increase in accounts payable                              50,000

Cash flows from operating activities             $215,000

  • Note that the purchase of equipment of $50,000 cash would not be considered under cash flows from operating activities but would rather be considered under cash flows from investing activities.
  • Increase in accounts receivable means outflow of cash while increase in accounts payable means non-payment of debt, that is, inflow of cash.
7 0
3 years ago
Read 2 more answers
Other questions:
  • An O-ring is a common type of A. valve guide B. valve spring C. valve port D. valve seal
    6·2 answers
  • Chandler Corporation has 1 million shares outstanding. The current price per share is​ $20. If the company decides to pay a​$2 m
    7·1 answer
  • Converse Florists​ & Co. reported assets of $ 1 comma 200 and equity of $ 350. What is its debt​ ratio? (Round your percenta
    11·1 answer
  • Subscribe to Sky Clikz on YT for 84 pts And to make mine and YOUR day better
    14·1 answer
  • Before making a turn at an intersection, you should signal at least __________ before your intended turn.
    6·1 answer
  • "Wants" as an economic concept includes only goods and services that consumers need but cannot afford to buy. both material and
    11·1 answer
  • The earned value system starts with the time-phased costs that provide the project baseline, which is called the ___________.a.
    6·1 answer
  • Employers often look for workers with knowledge in a particular field that
    13·1 answer
  • ________ refers to the strategy of getting visitors to a Web site to forward information on the site of their friends in order t
    8·1 answer
  • Which one of the following will not cause a change in the demand for labour, illustrated by a shift of the demand curve?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!