Answer:
the correct answer is
a. identification of a potential market
3, 4 but for number 4 the have to ask if your eligible not a specific age then that is illegal
Answer:
Elasticity = 1,08
Explanation:
Elasticity is a microeconomic concept that aims to measure the sensitivity of demand in the face of income changes. To calculate the elasticity of income, a formula is used that divides the observed change in quantity (Q) by the change in price of income (P). Elasticity = [▲ Q /Q]/ [▲ P
/P]
At first, Blake consumed 2 generic potatoes and his income was $ 8. After raising the income to $ 15, he decreased the amount of generic potatoes by one.
So, we have:
E = [(2-1)/1] / [(15-8)/15)]
E = 0.5/ 0,46 = 1,08
Plus: When elasticity is greater than 1, we say that the demand for generic potatoes is elastic relative to income, ie, increasing income decreases the amount of generic potatoes and decreasing income increases the demand for generic potatoes. Therefore, Blake's demand for generic potatoes is elastic relative to his income variation.
If the result were less than 1, the demand for potatoes would be considered inelastic (not sensitive to changes in income).
Answer:
the price will increase
Explanation:
since there is a delay the demand is going to be high and they don't have enough
<span>As part of its risk taking function, an intermediary such as a wholesaler performs the function of sharing risk with the producer when it stocks merchandise in anticipation of sales. Risk taking involves determining what you are willing to risk to possibly do something else. In this case, a wholesaler and a producer will share the risk of the item selling when they stock shelves prior to seeing if it's what the consumer wants. </span>
