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horsena [70]
3 years ago
13

Sellers of bottled water find that whether the price falls or rises, the quantity bought by consumers remains unchanged every we

ek. The price elasticity of demand for bottled water is:
(A) inelastic.
(B) elastic.
(C) perfectly inelastic.
(D) perfectly elastic.
(E) unitary elastic.
Business
1 answer:
Agata [3.3K]3 years ago
5 0

Answer:

(C) perfectly inelastic.

Explanation:

Elasticity of demand measures the responsiveness of quantity demanded to changes in price.

Demand is perfectly inelastic if a change in price has no effect on quantity demanded. Quantity demanded remains unchanged no matter the change in price.

Water is assumed to be a necessity so demand would not change no matter the change in price.

Demand is inelastic when a change in price has little or no effect on quantity demanded.

Demand is elastic when a change in price has a greater effect on the quantity demanded.

Demand is unitary elastic when a change in price has an equal erfect on quantity demanded.

I hope my answer helps you

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Grocery retailer safeway displays the thousands of items it sells in aisles containing related items or product groupings. examp
Fiesta28 [93]

The safeway display and sell product groupings are in this manner because of the fact that products should be grouped in order for the people to relate them in a more meaningful and understandable manner whenever they go grocery shopping or go shopping.

8 0
3 years ago
All levels of management between the supervisory level and the top level of the organization are termed _____________. a. middle
ANEK [815]

Answer:

a. middle managers

Explanation:

The middle manager refers to a link that lies between the top level management and the lower level management. For the day to day operations, the middle level managers have to report the information i.e. valuable also the suggestions could be made from time to time

Therefore according to the given situation, the option A is correct

hence, all other options are wrong

7 0
3 years ago
What is the future value of $3,100 in 17 years assuming an interest rate of 8.4 percent compounded semiannually
Alex Ar [27]

Answer:

$12,556.37

Explanation:

Calculation to determine What is the future value

Using this formula

Future value = PV(1 + r)^n

Let plug in the formula

Future value = $3,100[1 + (.084/2)]^17(2)

Future value = $12,556.37

Therefore the future value is $12,556.37

3 0
3 years ago
Which of the following statements make the best argument for why firms should NOT hedge exchange rate risks? Exchange rate risk
nirvana33 [79]

The statement that gives the best argument for the concern of exchange rate risks is that Exchange rate risk is irrelevant because investors can hedge exchange rate risk on their own, which means that option C should be the right answer.

Exchange rate risk refers to the risk of financial impact that occurs due to exchange rate fluctuations. The minor changes in exchange rates also have a substantial influence on the operations and profitability of the firms. It is because if a company operates on others countries denomination, any changes may risk its financial transactions in another currency. The exchange rate risk generally protects its profits from the market volatility. Businesses involved in overseas trade are the most affected by such fluctuations. The market forces of supply and demand affects foreign exchange.

Learn more about exchange rate risk at:

brainly.com/question/28009208

#SPJ4

6 0
1 year ago
Communist countries usually have economies. A command economy that still allows private property and ownership is called. A comm
aalyn [17]

Answer:

1. command

2. socialism

3. communism

Explanation:

1. Communist countries usually have command economies.

2. A command economy that still allows private property and ownership is called a socialism.

3. A command economy in which the government controls everything is called communism.

8 0
3 years ago
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