Answer:
one with few substitutes
Explanation:
The higher price markup, the higher the price, the higher the cost to consumers.
If a good has few substitutes, the demand for the good is less elastic. If price is increased, there would be little or no change in quantity demanded and the sellers profit would increase.
If a good has many substitutes, the demand for the good would be more elastic. If price is increased, Quanitity demanded would fall because consumers would shift to cheaper substitutes. Sellers profit would fall.
If demand is very elastic. It means quantity demanded is very sensitive to price. If price is increased, Quanitity demanded would fall by more than the increase in price. Sellers profit would fall.
I hope my answer helps you
Answer:
A personal meeting
Voice mail
Explanation:
Though various means of reaching through to individuals differ, however, depending on the gravity or severity of the information to be communicated, you be might be forced to make a somewhat crude means of communication. However, when informations require the passage of specific illustrations and also to show how important the information that is about to be passed on his.organizing a personal meeting might be more satisfactory. However, in many instances, do stance posses a barrier and another means of communication whereby distance doesn't pose a threat may need to be adopted . This include text messages. Emails
voice mails and so on.
Answer:
Shopping product
Explanation:
The shopping product is the one which is cheaper and also has lower features than the other products. In this case, the washing machine is cheaper because it has fewer feature than the other (Lower size) which is shopping product.
Answer:
The correct answer is letter "B": The car is a scarce good.
Explanation:
Scarcity is the basic economic problem by which individuals have unlimited needs but finite resources to fulfill them. Scarce goods are those not easy to find, in danger of extinction or, when talking about products, which manufacturing implies long and usually expensive processes.
Thus, <em>the type of vehicle Jane is trying to purchase can be considered scarce since its the dealership does not have it usually in its inventory. Otherwise, Jane would have had the car at the moment of the buy.</em>
Answer:
The balance sheet
Explanation:
In a balance sheet, one can see the information on the assets of the company, their liabilities and the equity brought by the shareholders at any particular point in time.
In some cases, it can be referred to as statement of net worth because one can be able to see what the company owns and owes and how the assets are financed either as equity or debt.
