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artcher [175]
3 years ago
15

Use figure 3.4 to answer the following: if the cost of gasoline increased from $3.00 per gallon to $4.00 per gallon and the quan

tity demanded decreases from 12 gallons to 10 gallons, would the demand be elastic or inelastic?
Business
1 answer:
Charra [1.4K]3 years ago
8 0

I think the most appropriate answer would be "inelastic demand". As the demand doesn't decrease significantly high and the cost of gasoline doesn't increase significantly increase that high.

(Inelastic demand is the the demand of a product does not changes too much/vigorously, as compared to elastic demand.)

I hope it helped you!

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Select a local business that doesn’t seem to be thriving. Develop a set of recommendations for how that business could use techn
Phantasy [73]

A local business that doesn't seem to be thriving should analyze its planning to identify marketing strategies to create value and attract customers.

<h3 /><h3>How to develop an effective marketing strategy?</h3>

It is necessary that there is an analysis of the micro and macro environment in which the company is inserted, identifying the needs and desires of consumers, the company's competitive strengths and differentials, to generate value and positioning in the market.

Therefore, it is essential that the company uses the marketing mix and other tools such as SWOT analysis to assist in the strategic direction that will lead it to be successful.

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1 year ago
Jamal inherited some money when his grandmother died. He decided that he wants to invest it. His friend suggests that he goes to
Finger [1]

Jamal should go to the OTC market because C. it is a network of brokers and dealers who help with investments.

<h3>What is the OTC market?</h3>

These are markets where a person can buy or sell shares that are outside of the stock exchange.

The trades here are faciliatated by brokers and dealers who can help one with investments so Jamal can go to the OTC market for investment advice.

Find out more on the OTC market at brainly.com/question/25174961.

5 0
2 years ago
Suppose an economy experiences a lump-sum increase in government spending of $20 million. If the multiplier is 4.0, then accordi
Aleksandr-060686 [28]

Answer:

equilibrium level of output should increase by $80 million

Explanation:

The concept of multiplier is used to explain how an increase or decrease in the money available in the economy changes economic output. In this case you have to multiply the increase in government spending by 4 = $20 million x 4 = $80 million.

Money doesn't stand still, imagine the government gives you $100, and unless you bury it in the ground, those $100 will multiply and in this case convert to $400. The idea is not that complicated, since once you receive the money, you will spend some part of it (or all) and you will save the remaining part. Let's say you buy groceries at the supermarket and spend $75, and save $25. The owner of the supermarket (the corporation or individual) will use $60 of your $75 to pay for dairy products that were purchased before. The rest will be kept in the bank. The seller of the dairy products will in turn use a part of the $60 received to pay for gas. And then it will be turn of the gas station, its employees, etc.  

4 0
3 years ago
How were the labor relations at the saturn subsidiary of general motors different from the traditional model of job control unio
Misha Larkins [42]

Traditional job control unionism conflicts with the need for greater flexibility with General Motors and in 2009 General Motors sold the Saturn brand.

Traditional job control unionism served as the needs of management in a mass manufacturing environment by increasing the stability and predictability of production. On the other hand, General Motors Corp. has a tentative deal to sell its Saturn brand to an auto racing magnate.

By setting objective standards to everything from wages to work allocation, job control unionism seeks to protect workers against managerial abuse.

Hence, the labor relations at the Saturn subsidiary of general motors differ from the traditional model of job control unionism.

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7 0
1 year ago
The price of one nation's currency in terms of another nation's currency is called
lys-0071 [83]

Answer:

Exchange Rate

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Exchange Rates are determined by the forces of demand and supply and its market allocates international currencies.

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