Answer:
Elastic demand.
Explanation:
The term elastic demand describes a situation where a small change in price causes a considerable change in demand. In other words, the change in demand is not proportionate to the change in price.
As per the law of demand, an increase in price decreases the quantity demanded. The term elastic in this context means stretching or moving. A good has elastic demand if its demand is highly responsive to changes in price.
In the case of the Blu-ray player, the price changed from $300 to $50. A drop of $250. As a percentage, the price dropped by (250/300 x 100) = 83.3%. The demand increased from 100 to 1000. An increase of 900 units. The percentage increase =(900/100 x 100)=900%.
The demand for Blu-ray is elastic. A price decline of 83% causes the demand to rise by 900%.
Answer:
The correct answer is option a.
Explanation:
An interior decorator has moved his business from Los Angeles to St. Paul, Minnesota because his spouse's company transferred her to St. Paul.
The decorator is distressed because the customers in his target market have, in his words, "banal and bourgeois taste."
The customers in St. Paul have a different taste from the customers that he catered to in Los Angeles. The consumer tastes and preferences may differ from place to place according to the climatic conditions, social status, cultures, etc.
The problem with the decorator is that he does not understands that customer needs are not right or wrong, good or bad. It is not right or wrong if the customers in Minnesota have a different preference from customers in Los Angeles.
Answer:
Title VII of the Civil Rights Act of 1964.
Explanation:
Jamie's firm in the given scenario is violating 'Title VII of the Civil Rights Act of 1964.' According to this law, any organization is prohibited to discriminate against its employees on the basis of age, race, religion, etc. The employer can not recruit someone favorably and treat an employee differently. Since his organization is intentionally discriminating against him despite his exceptional performance and contribution to the progress of the firm, thus, it is violating the title vii of the Civil rights act.
The answer is nothing can be determined for sure at this point. The explanation for this is in networks today, a failed ping could mean that the other devices on the network are blocking these pings. Additional investigation such as checking network connectivity from other devices on the same network is necessary.
