Explanation:
Let us understand the term what is elastic & "inelastic".
Elastic: It is the change in the behavior of the buyer & the seller when the product price changes.
Elastic goods will always have an substitute.
Example: Books, pencil, Notebook, bread, etc,
Inelastic means: This is opposite of elastic. There will be same number of buyers when the price goes up or down.
Whether the price gets raise or lower daily we need food. So food is inelastic.
Eg. food, prescription drugs, and tobacco products
Answer:
The correct answer is Spot market.
Explanation:
The spot market or spot market is one in which both the transaction and the settlement of an operation coincide on the same date. Although it is considered cash market when delivery occurs up to a maximum of 2 days later.
In spot markets, transactions are usually settled within a day or two after the date of purchase / sale. This is what is understood as a settlement in D + 1 or D + 2. The transactions are also closed at the current price on the asset in question that exists at the time of the transaction. This is one of the main differences between the cash market and the futures market.
Technical skills and software skills are most important for jobs in the IT (Information Technology) sector. Some of the most wanted technical skills and knowledge are: coding and programming (some programming languages are Java, C, C++, Visual Basic, PHP, Python,...), project management (being able to lead and organize project, to delegate tasks and measuring the success of the project), big data analysis (being good at collecting, organizing and working with data), social media experience (experience and working in various social media platforms).
A work breakdown structure must be decomposed at least four levels in order to be effective- FALSE
By adopting task breaking, a popular productivity technique, workload can be made more reasonable and approachable. The instrument used to apply this method to projects is the Work Breakdown Structure (WBS), one of the important project management papers. To ensure that project plans are in sync, it does it on its own by combining size, cost, and schedule baselines.
A Work Breakdown structure is used to graphically, hierarchically, and deliverable-focused decompose a project (WBS). Project managers can use it to break down the focus of their operations and view all the tasks required to complete them, making it a helpful diagram.
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If terry's total utility is maximized when he owns 10 pairs of shoes, then terry's total utility from owning 7 pairs of shoes is less than terry's total utility from owning 8 pairs.
The benefit that a person receives from consuming all of a given commodity's units at once or over time is referred to as their total utility.
In other terms, total utility is the overall satisfaction attained through the consumption of numerous units of commodities and services. Every unit of a commodity has a marginal utility, which is a benefit gained from consuming an extra unit. The total utility is the total of all these marginal benefits.
The consumer tries to consume various combinations of products and services within the available restricted resources (money) in order to optimise his overall utility. Generally speaking, individuals try to get the most out of the money they spend on goods and services.
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