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
statuscvo [17]
3 years ago
12

If the cross-price elasticity of demand between Good A and Good B is 3, the price of Good B increases, and the price elasticity

of demand for Good B is inelastic, we can expect to see a(n) ________ change in the quantity demanded for Good A.
large
infinite
zero
small
one-for-one
Business
1 answer:
Morgarella [4.7K]3 years ago
5 0

<u>Answer: </u>

We can expect to see a large change in the quantity demanded for Good A.

<u>Explanation: </u>

  • As the price change in the price of good B is inelastic, it is but clear that the price of good B would not show any fluctuations even if there is an increase or decrease in the demand for good B.
  • As the price of good B is not subject to decrease in the near future, it can be expected that the demand for good A would exhibit a sudden rise.
You might be interested in
The following information is available for Moiz Company:________.
notsponge [240]

Answer and Explanation:

1. Interest Revenue $23,000  

 Sales Revenue $510,000  

              To Income Summary $533000

(Being closing of revenues accounts are closed)

2. Income Summary $453,000

  To Sales returns $20,000

      To Sales Discounts  $7,000

     To Cost Of goods sold $310,000

     To Freight out $2,000

      To Advertise Exp $15,000

      To Interest Exp  $19,000

      To Salaries & Wages $55,000

      To Utility  $18,000

      To Depreciation $7,000

(Being closing of expenses accounts are closed)

3. Income Summary $80,000

      To Retained Earning $80,000

(Being profit is recorded)

4. Retained Earning $30,000

        To Dividends  $30,000

(Being closing of dividend is recorded)

8 0
3 years ago
When the news was dominated by only three networks and a handful of national papers, the news sources tended to be _____________
harkovskaia [24]

More moderate. Now there are more organizations that focus on a far left or far right audience and their coverage is more polarized/biased toward their opinion that in the past.

5 0
3 years ago
Which coverage is not included in a typical renter’s insurance policy?
Vesnalui [34]
B additional living expenses because it’s additional
5 0
3 years ago
__________ is an arrangement whereby someone with a good idea for a business sells the rights to use the business name and sell
ira [324]

Answer:

Franchise

Explanation:

This is a business arrangement where the owner of a successful business gives the right (through special business and legal arrangement) to another, to run such business in a specified location using his brand name in accordance with agreed terms and conditions. Under this arrangement, technical support and training are always provided by the franchiser.

The franchisor charges the franchisee a fee for the right which in most cases is periodic. The franchise is renewable.

7 0
3 years ago
Which of the following is true when an economy produces at full employment, but consumers, government, businesses, and the forei
Art [367]

Answer:

When an economy produces at full employment, but consumers, government, there is a recessionary gap - Option B.

Explanation:

According to the Keynesian perspective, firms produce output only if they expect it to sell.

While the availability of the factors of production determines a nation’s potential gross domestic product (GDP), the amount of goods and services actually being sold, known as real GDP depends on how much demand exists across the economy.

Keynes termed a fall in the aggregate demand as a recessionary gap.

A recessionary gap refers to an economy operating at a level below its full-employment equilibrium. Under this condition, the level of real gross domestic product (GDP) is lower than the level of full employment, which puts downward pressure on prices in the long run.

Thus, when an economy produces at full employment, but consumers, government, there is a recessionary gap - Option B.

6 0
3 years ago
Other questions:
  • State or federal codes that specifically apply to businesses are called: A. franchise law B. patent law C. business law D. tax l
    14·2 answers
  • As a proponent of the free market, Adam Smith viewed the main factors of production as labor, land, capital and entrepreneurship
    13·1 answer
  • One thing to consider when choosing a mobile device is ___
    7·2 answers
  • Dave brags to his dad that his $45,000 starting salary as a computer programmer is much higher than his dad's $28,000 starting s
    9·2 answers
  • The Horizon Company will invest $60,000 in a temporary project that will generate the following cash inflows for the next three
    11·1 answer
  • Kim placed an order with her broker for 800 shares of each of three IPOs being offered this week. Each of the IPOs has an offer
    11·1 answer
  • Hyperlink is a feature that - a- calculates data in a cell B- connects test in the doc to an outside source C- saves a worksheet
    6·1 answer
  • 1. Un plan de mercadeo debe estar sustentado en
    15·1 answer
  • Camden Biotechnology began operations in September 2013. The following selected transactions relate to liabilities of the compan
    14·1 answer
  • The job order cost system for a service business includes all of the following except a.materials and supplies inventory. b.cost
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!