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kogti [31]
3 years ago
10

Let's say the demand elasticity for Aaron's scones is |.5|. Then for a 1% increase in prices, there will be a .5% _______in quan

tity demanded. Demand is ____.
Business
1 answer:
Sidana [21]3 years ago
4 0

Answer:

Decrease; inelastic

Explanation:

Let's say the demand elasticity for Aaron's scones is |.5|. Then for a 1% increase in prices, there will be a .5% DECREASE in quantity demanded. Demand is INELASTIC.

Because demand elasticity is greater than one(1.5), it is price elastic i.e it is sensitive to price. An increase in price will lead to a decrease in quantity demanded and vice-versa.

But because the responsiveness in quantity demanded or the sensitivity to the change in price is not significant, the demand is inelastic.

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The website that was the primary catalyst for growing electronic government, and is the official U.S. gateway to all government
kobusy [5.1K]

Answer:

D

Explanation:

The website that was the primary catalyst for growing electronic government, and is the official U.S. gateway to all government information is the firstGov.gov. The website is now the USA.gov

The firstgov.gov website was created by the United States General Services Administration. Part of the reason for its creation is to improve the citizens interaction with the government. The website directs visitors to the services or information they are looking for, it also seems public opinion on how to improve government.

5 0
3 years ago
Drag the tiles to the correct boxes to complete the pairs.
cluponka [151]

Answer:

1. objectivity

2. prudence

3. consistency

4. materiality

7 0
3 years ago
Dockwiller Inc. manufactures industrial components. One of its products, which is used in the construction of industrial air con
sineoko [7]

Answer:

c. $30 per unit

Explanation:

The computation of the minimum price per unit below which the company should not accept the special order is given below:

Direct materials $26

Direct labor $3

Variable manufacturing overhead $1

minimum price per unit  $30

Therefore the option c is correct

8 0
3 years ago
Who would best benefit from counseling?
olganol [36]

Answer:

A person with a debt-to-income ratio of 29% is good. 29% is exactly what you want so this is incorrect. By process of elimination, a person with a debt-to-income ratio of 8% would be your answer. They have the percentage farthest from the one you want.

<u><em>A person with a debt-to-income ratio of 8%</em></u>

<u><em></em></u>

5 0
3 years ago
Nina has a convex utility of wealth function, u(x). She is contemplating two prospects, L and M, where L is a mean preserving sp
Lerok [7]

Answer:

b. Nina will prefer L to M.

Explanation:

Convex utility of wealth indicates that an individual tends to be comfortable with taking risks.

A concave utility function shows an aversion for risk.

A mean preserving spread occurs when one variable has greater variance than another but they both have the same mean.

In the given scenario prospect L will have a greater variance than prospect M since it is a mean preserving spread.

Given Nina's risk taking preference she will most likely take prospect L that offers more variability over prospect M

6 0
3 years ago
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