All categories

3 years ago

1. Name a product/service that you purchase, and the demand is inelastic. Explain.

Business

1 answer:

ivann1987 [24]3 years ago

7 0

Answer:

Explanation:

1. Inelasyic Demand i.e Change in price has no effect on demand

basic necessity goods such as: food, cloths, shelter etc are inelastic in demand because change in price will not affect the consumer behavior. due to decrease in price consumers will not start eating too much and vice versa.

2. Elastic Demand i.e change in price has significant effect on demand

These are the luxurious goods such as Apple iPhone, porchy car etc change in price will significantly affect the consumer demand decrease in price will induce the consumers to buy more and increase in price will reduce the consumer demand.

You might be interested in

Zoning ordinances have changed in the area adjacent to a residential neighborhood. The residents are incensed a retail shopping

vovangra [49]

Answer:

All of the above

Explanation:

The power be exercised in a reasonable manner. The provisions be clear and specific. Freedom from discrimination P.S. I got an A on this

Hopes this helps my loves :)

3 0

3 years ago

Laws designed to promote competition and prevent the formation of monopolies are known as _______ laws

juin [17]

<span>Laws designed to promote competition and prevent the formation of monopolies are known as _antitrust_ laws.
</span>
I hope this helped! : )
Please Rate & Thank!
Please mark as Brainliest!

Have a wonderful day! : )

6 0

4 years ago

Nala is writing an analytical essay about british propaganda during world war ii, and this poster is one of her examples. which

kozerog [31]

<span> its C which says One poster displays many types of wartime jobs to show that every citizen should work in some way to help their country</span>

4 0

3 years ago

Read 2 more answers

If inputs increase by 15% and outputs increase by 15%, what is the percentage change in productivity?

scoray [572]

Answer:

Explanation:

If input increase by 15% and output increase by 15% then the equation for productivity will be

Input = 100% + 15% = 115%

Output = 100% + 15% = 115%

$productivety =\frac{Outpu t }{Inpu t}$

$productivety=\frac{1.15}{1.15}$

$productivty = 1$

Percentage change = 1-1

Percentage change = 0%

If both Output and input is increased by the same amount the results will be the same

6 0

4 years ago

The major issues in the __________ stage of team development concern how the tasks and responsibilities will be divided among me

defon

Answer:

3rd stage or Norming stage of group development.

Explanation:

3rd stage or Norming stage of group development.

In this stage responsibilities among group member is divided on the basis of their skills. During this stage members start to cooperate with other co members. A bonding among the members is start to developed which result in understanding each other contribution and identity. The main advantage of this understanding is that conflicts and misunderstanding issues has been resolved at faster rate.

8 0

4 years ago