1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
yaroslaw [1]
3 years ago
7

Suppose that Jane enjoys Diet Coke so much that she consumes one can every day. Although she enjoys gourmet cheese, she consumes

it sporadically. If the price of Diet Coke rises, Jane decreases her consumption by only a very small amount. But if the price of gourmet cheese rises, Jane decreases her consumption by a lot. These examples illustrate the importance of the availability of:__________.
a. close substitutes in determining the price elasticity of demand
b. the time horizon in determining the price elasticity of demand.
c. a necessity versus a luxury in determining the price elasticity of demand.
d. the definition of a market in determining the price elasticity of demand.
Business
1 answer:
Bas_tet [7]3 years ago
4 0

Answer:

The answer is C.

Explanation:

Necessity goods are the goods or services that a consumer will continue buying whether income falls or the price rises. This type of goods are considered essential. The are not sensitive to price. To Jane, Diet coke is a necessity because she takes it everyday.

While luxury goods are goods that are really not essential. They are owned or bought for the sake of showing wealth or affluence. To Jane, gourmet cheese is a luxury good.

You might be interested in
Using the weighted-average method, the equivalent units for materials are: 33,000. 41,000. 36,000. 44,000. 32,000.
ANEK [815]

Answer: $44,000

Explanation:

Equivalent units for materials in this scenario would be:

= Units completed and transferred out + Normal spoilage + Ending work in process

= 33,000 + 3,000 + 8,000

= $44,000

3 0
3 years ago
Sarah has created a presentation to convince the executives at Sit Happens dog care, a regional chain of full service dog boutiq
ziro4ka [17]

Answer:

Answer is B. She should use 28-point fonts for titles and 18-point fonts for body text.

Refer below.

Explanation:

Sarah has created a presentation to convince the executives at Sit Happens dog care, a regional chain of full service dog boutiques, to include behavioral training in employee interactions with canine clients. It hits every mark but one: it is difficult to visually distinguish key points from the rest of the slides. As a trusted colleague, the suggestion beloe might you give her to improve her presentation for ease of processing:

She should use 28-point fonts for titles and 18-point fonts for body text.

6 0
3 years ago
Read 2 more answers
It is important to use real rather than nominal gdp figures when making comparisons of output across time periods because the re
melamori03 [73]

Answer: TRUE

Explanation: Gross Domestic Product ( GDP) can be described as the market value of all goods and services produced in a country within a particular time period which is usually a year.

The equation for finding GDP is given as -

GDP = Consumption + Investment + Government Spending + ( Exports - Imports)

Nominal GDP can be described as the market value of all goods and services produced in a country within a particular time period using current market prices.

Real GDP can be described as the market value of all goods and services produced in a country within a particular time period using base year prices. Using base year prices to calculate real GDP adjusts for inflation.

4 0
3 years ago
Peterson Manufacturing and the local steelworkers' union are having a negotiation breakdown. Peterson's management is keeping em
erica [24]

Answer:

B) lockout

Explanation:

Since in the question it is mentioned the manufacturing Peterson and the local steelworkers contain the negotiation breakdown also is keep out of the work place and runs the operations with non permanenet replacements

So here to overcome this breakdown, the lockout strategy is used

And all other given options are wrong.

7 0
3 years ago
Which of the following is an example of a non-profit organization?
Anna007 [38]

Answer: Salvation army

Explanation: Non profit organisations are those organisation, which perform their operation with the objective of social welfare or charity.

Salvation army is a charitable organisation having more than 1.7 million members all over the world, whom they refer to as soldiers. This organisation mainly serves to the poor and hungry.

Thus, we can conclude that the right option is D.

8 0
3 years ago
Other questions:
  • The VP of Manufacturing at Roshanak Incorporated wants to buy a new die-cast machine for production. The die-cast machine is exp
    9·1 answer
  • A student would like to buy a cross-over SUV from a local dealer, but she thinks the payments will be too high. Marketing does n
    10·1 answer
  • Joan is spending time in China and wants to start an Internet business there. The Chinese government tells her that certain item
    12·1 answer
  • QUESTION 01 (10 points) ‐ Coefficient of Variation (CV) We need to compare volatility of multiple assets. As the assets have dif
    15·1 answer
  • The government responds to market failures and ensure economic stability by limiting the effects of market failures such as ____
    14·2 answers
  • Which of the following statements about price stickiness or flexibility is true? Multiple Choice Prices of many raw materials ar
    14·1 answer
  • Use straight line (SL) depreciation to determine a. annual depreciation charge (5 points) and b. annual book values for the life
    13·1 answer
  • -PLEASE HELP!
    7·2 answers
  • 50 - 3 = i bored wanna talk :)
    5·2 answers
  • Idaho has a huge agricultural base. Discuss some of the top agricultural products produced right here in Idaho. You can focus on
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!