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3241004551 [841]
3 years ago
8

Goods with many close substitutes tend to have a. more elastic demands. b. less elastic demands. c. price elasticities of demand

that are unit elastic. d. income elasticities of demand that are negative.
Business
1 answer:
kotykmax [81]3 years ago
4 0

Answer:

The correct answer is a. more elastic demands.

Explanation:

There are some goods whose demand is very price sensitive, small variations in their price cause large variations in the quantity demanded. It is said of them that they have elastic demand. The goods that, on the contrary, are not sensitive to price are those of inelastic or rigid demand. In these large variations in prices can occur without consumers varying the quantities they demand. The intermediate case is called unit elasticity.

The elasticity of demand is measured by calculating the percentage by which the quantity demanded of a good varies when its price varies by one percent. If the result of the operation is greater than one, the demand for that good is elastic; If the result is between zero and one, its demand is inelastic.

The factors that influence the demand for a good to be more or less elastic are:

1) Type of needs that satisfies the good. If the good is of first necessity the demand is inelastic, it is acquired whatever the price; On the other hand, if the good is luxurious, the demand will be elastic since if the price increases a little, many consumers will be able to do without it.

2) Existence of substitute goods. If there are good substitutes, the demand for good will be very elastic. For example, a small increase in the price of olive oil can cause a large number of housewives to decide to use sunflower.

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Which of the following goals is most effective?
kherson [118]

We refer to these types of goals as SMART goals

Specific

Measurable

Achievable

Relevant

Time-bound

I will purchase a three-bedroom house located near Cherry Park by my twenty-fifth birthday goal meets all these criteria

5 0
3 years ago
Awanita Enterprises sells computer flash drives for $ 2.41 per unit. Unit variable cost is $ 0.07. The breakeven point in units
Dennis_Churaev [7]

Answer:

Margin of safety= $2,651

Explanation:

Giving the following information:

Awanita Enterprises sells computer flash drives for $ 2.41 per unit. Unit variable cost is $ 0.07. The breakeven point in units is 3,400​, and expected sales in units are 4,500

Margin of safety= 4,500*2.41 - 3,400*2.41= $2,651

4 0
3 years ago
the housing prices in pangea are decreasing by 2% each year. at the beginning of this year, the average house cost $180,000. wha
Blizzard [7]

The average house cost after 10 years would be  $147,073.11.

<h3>What will be the average house cost after 10 years?</h3>

The cost of house is reducing with the passage of time. This means that the cost of house in 10 years would be cheaper than it is today.

The formula that can be used to determine the cost of a house in 10 years is:

FV = P (1 - r)^n

  • FV = Future value
  • P = cost of a house today
  • R = rate of decline
  • N = number of years

180,000 ( 1 - 0.02) ^10

180,000 x 0.98^10 = $147,073.11

To learn more about future value, please check: brainly.com/question/18760477

#SPJ1

8 0
2 years ago
You have been accepted into college. The college guarantees that your tuition will not increase for the four years you attend co
butalik [34]

Answer:

You must deposit "$74,806.25" today.

Explanation:

The given values are:

Periodic payment,

P = $10,300

Rate of interest,

r = \frac{4.4 \ percent}{2}

 = 2.2 \ percent

Number of periods,

n = 4\times 2

  = 8

Now,

The PV of annuity will be:

=  \frac{P\times [1 - (1 + r)^{-n}]}{r}

On substituting the given values, we get

=  \frac{10,300\times [1 - (1 + 2.2 \ percent)^{-8}]}{2.2 \ percent}

=  \frac{1,645.73}{2.2 \ percent}

=  74,806.25 ($)

8 0
3 years ago
Delux Technologies makes and sells only one product, a high-quality processor for mainframe computers. Delux was recently approa
masya89 [10]

Answer:

Vertical integration

Explanation:

Delux was recently approached by Imagination Station, a large computer manufacturer, about purchasing their company. Imagination Station is engaging in Vertical integration because one company is planning to acquire another company in similar business backward or forward stages of process of the end use product

3 0
3 years ago
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