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Sliva [168]
3 years ago
14

Why does demand generally become more elastic over time?a. people don't change their shopping behavior over timeb. few substitut

es become availablec. people buy more products over timed. people have time to find substitutes and change behaviors
Business
1 answer:
xz_007 [3.2K]3 years ago
3 0

Answer:

people have time to find substitutes and change behaviors

Explanation:

Demand elasticity is a microeconomic concept that aims to measure the sensitivity of demand in the face of price changes. When price goes up and demand goes down a lot, demand is said to be price elastic. When price rises and demand does not change significantly, demand is said to be inelastic to price.

If the demand for a product is inelastic in the short term, it means that the demanders will continue to buy the good even with the price increase. This is mainly due to the essential features of some goods, such as remedies.

However, in the long run, people have the ability to search and find sub-substitute goods, so that they become more price sensitive, meaning that demand becomes elastic.

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An investment will pay you $95,000 in 10 years. If the appropriate discount rate is 9 percent compounded daily, what is the pres
olga2289 [7]

The present value of the investment future value is $38,628.40

What is present value?

Present value is the today's worth of a future amount when discounted or expressed in today's dollar equivalence.

The present value of a single future cash flow can be determined using the present value formula below:

PV=FV/(1+r/365)^(N*365)

PV=present value=unknown

FV=future value=$95,000

r=discount rate=9%

N=number of years before the future amount is received=10

365 is an indication of number of years in a year since discounted is compounded daily.

PV=$95,000/(1+9%/365)^(10*365)

PV=$38,628.40

The present value can be further understood using the link below:

brainly.com/question/18490474

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5 0
2 years ago
Entries for Materials Kingsford Furnishings Company manufactures designer furniture. Kingsford Furnishings uses a job order cost
arsen [322]

Answer:

A.Dr Materials 504,800

Cr Account payable 504,800

B.Dr Work in process 487,300

Dr Factory overhead 4500

Cr Materials 491,800

C.Fabric Ployester filling Lumber Glue

$29,400 $16,100 $30,400 $6,500

Explanation:

Entries for Materials Kingsford Furnishings

a) Journal entry

Fabric $96,600

Polyester filling 134,300

Lumber 264,700

Glue 9,200

Total 504,800

Dr Materials 504,800

Cr Account payable 504,800

b) Journal entry

Dr Work in process 487,300

(491,800-4500)

Dr Factory overhead 4500

Cr Materials 491,800

c) Calculation of the ending balance

Fabric Ployester filling Lumber Glue

Beginning balance

$19,100 5,700 42,800 1,800

Purchase

$96,600 134,300 264,700 9,200

Used

-$86,300 -$123,900 -$277,100 -$4,500

Ending balance

$29,400 $16,100 $30,400 $6,500

3 0
3 years ago
what are three challenges associated with retail order takers? (check all that apply.) multiple select question. high labor cost
aleksandrvk [35]

Three challenges associated with retail order takers are <u>repetitive tasks, minimal training and high turnover.</u>

<u />

There are three different categories of order takers: internal order takers, delivery salespeople, and outside order takers.

An agreement between your business and a retailer is known as a retail order (wholesaler, kiosk, bookstore etc.). In exchange for payment of the purchase price, your publisher undertakes to provide the ordered quantity to the ship-to party.

An order taker in sales is a person who responds to client queries (also known as orders) but does not actively pursue strategies that would boost sales, such as identifying new prospects or upselling to current clients.

To know more about retail order takers: brainly.com/question/20534024

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5 0
1 year ago
Suppose the economy is operating at a point where output is less than the natural level of output. Which of the following statem
laiz [17]

Answer: a) the price level is less than the expected price level.

Explanation:

When the actual output in an economy is lower then the natural output it is called a Contractionary Gap and the price level will be lower.

This is because the Short Run Aggregate Supply Curve and the Demand curve will intersect at a lesser quantity which will equate to a lower price as well because the economy is producing less and the people are demanding less as well so the point at which they meet will be a lesser price.

3 0
3 years ago
Plz sum one help me bc im in a argument with my friend and i don't know what to say any more
katen-ka-za [31]

ok whts the fight abt? how long have yall been fighting?

i gotchu

7 0
3 years ago
Read 2 more answers
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