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swat32
3 years ago
10

Assume that a family spends 35% of its income on housing, 20% on travel-related expenses, 10% on utilities, 25% on health care,

and 5% on miscellaneous items. Demand for which category will be most responsive to a change in price?
Business
1 answer:
iogann1982 [59]3 years ago
5 0

Answer:

We need the slope of each category.

Explanation:

Having the amount of each category is not enough to find the responsive of each one of them to a change in their prices, we need a measure called elasticity, this indicator measures the responsive of a product to a change in its price.

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Which of the following is more likely to be subjected to price control? A. Leather garmentsB. Mobile phone accessoriesC. Aspirin
lorasvet [3.4K]

Answer:

The correct answer is option C.

Explanation:

Price control or price ceiling can be defined as a type of price control in which the upper limit is fixed for the price of certain goods and services. The price ceiling is imposed on products which are necessities. Higher prices of these products are likely to increase dis-utility. The price ceiling is used to make necessities affordable to people.  

Among all the goods mentioned above aspirin and antacids are necessary items. The rest of the goods are luxury items, they are not basic necessities. So price control is most likely to be used on aspirin and antacids.  

 

8 0
3 years ago
sasha rents a market stall selling jewellery. she makes most of her jewellery herself but she also buys in items from large manu
KonstantinChe [14]

Answer: variable costs cost which can be changed by time according to the produced product is known as variable cost. 2. Identify ...

Explanation: She makes most of the jewelry herself but she also buys items from large manufacturers. Her only other variable cost is her pay off her.

7 0
3 years ago
Banfield Corporation makes three products that use compound W, the current constrained resource. Data concerning those products
exis [7]

Answer:

Explanation:

The products rank are shown  below:

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Selling price per unit (A)       $248.04      $230.66           $505.44

Variable cost per unit  (B)      $190.71         $172.14             $388.80

Contribution margin  

per unit (A-B) or C                   $57.33        $58.52             $116.64

Centiliters of compound W (D) 3.90            3.80                  8.10

Contribution per centiliters (C÷D)  14.7         15.4                  14.4

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5 0
4 years ago
Detailed information about the accounting equation is maintained in records commonly called.
Nuetrik [128]

The maintenance of information relating to the accounting equation is done in records known as <u>Accounts</u>.

<h3>What are Accounts?</h3>
  • These are records that allow the storage of financial information.
  • They include the various transactions the business is involved in.

Accounts are very important to a business as they allow the easy compilation of information such that a company is kept abreast of its financial situation.

In conclusion, these are accounts.

Find out more about accounts at brainly.com/question/1436327.

5 0
3 years ago
A borrower asks the notary Signing agent for the contact information for the closing agent and the lenders representative. The n
puteri [66]

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Explanation:

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8 0
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