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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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A principal real estate broker is responsible to review and initial all documents written by his associated real estate brokers
slamgirl [31]

Answer:

The correct answer is <em>7 banking days from the date the document was accepted, rejected or withdrawn</em>.

Explanation:

A real estate agent is a natural person who is dedicated to providing mediation, advice and management services in real estate transactions related to: the sale, rental, exchange or transfer of real estate and their corresponding rights, including the constitution of these rights.

In each country, the activity is governed by a particular law, so far there is no law that regulates real estate issues worldwide, despite the fact that many real estate agents carry out transactions in countries other than their headquarters.

8 0
2 years ago
Blue Firm
labwork [276]

Answer:

F. Both firms have a dominant strategy to pick the Low Price option

Explanation:

In the given case as we can see that in the yellow form there is always a greater payoff by having a lesser price so it can be said that it set a less price

Now for the blue firm it also select the lesser price

So here the nash equilibrium would be

= (Low price, low price)

= (26,20)

The first payoff would be considered as a yellow firm and the other one is blue one

Therefore the last option is correct

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