An elastic products prices are responsive to changes in demand. Generally, the necessity of the product is related to it's elasticity. For example, insulin is essential for diabetics, so the price is extremely inelastic—people will pay any amount because it is a life or death situation. The price of a new MP3 player can be inelastic, especially because results show that people want the newest thing, and will pay more if it works better than the previous model. Additionally, the price of "scalper" tickers to the World Series will increase by demand, but they will still sell regardless. The price of dairy products, however, is rather elastic; this is because when the price rises, people switch to a cheaper brand. The difference between an inelastic and elastic product is that elastic products have substitutes, whereas inelastic products have no substitutes (or sometimes very few).
Answer: A. the price of dairy products
hope this helps :)
Answer:
B) French wines will become more expensive in the United States.
Explanation:
When rate of dollar falls to that of euro, the same number of dollars will purchase fewer French goods, so French goods become more expensive to American consumers. If one travels to Europe (including France), one will exchange one dollar for less than one euro
The amount that the sales associate earn if she sells the property for $369,000 is $11,162.25.
Sales associate's commission
First step find the total commission
Total commission=$369,000 sale price × .055 rate
Total commission= $20,295
Second step find the sales associate's commission
Sales associate's commission=$20,295 total commission × .55 split
Sales associate's commission=$11,162.25
Inconclusion the amount that the sales associate earn if she sells the property for $369,000 is $11,162.25.
Learn more about sales associate's commission here:brainly.com/question/930797
A large company could use selling bonds as an alternative to selling shares of stock as a means of raising funds.
<h3>What do you mean by bond selling?</h3>
The company will look for potential buyers on the market. When the company acts as principal, as it does in the majority of bond transactions, it either sells you a bond that it already has (a process known as selling the bond from inventory) or purchases the bond from you for its own inventory.
The majority of bonds pay interest twice a year until they mature. The right to receive interest payments is forfeited if a bond is sold before its maturity date.
To know more about bond selling refer to: brainly.com/question/23032254
#SPJ4
<span>Suggest careers for which the person might be well suited.</span>
