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Wewaii [24]
3 years ago
12

A good with many close substitutes is likely to have relatively ___________(elastic,inelastic) demand, since consumers can easil

y choose to purchase one of the close substitutes if the price of the good rises.A good?s price elasticity of demand depends in part on how necessary it is relative to other goods. If the following goods are priced approximately the same, which one has the least elastic demand?-Diamond necklace-A heart valve for heart attack victims
Business
1 answer:
butalik [34]3 years ago
6 0

Answer:

Elastic demand

A heart valve

Explanation:

A good with many close substitutes will have a highly elastic demand. This is because an increase in the price of the good will causes the consumers to purchase one of its cheaper substitutes.  

If both a diamond necklace and a heart valve for heart attack victims are priced the same, the price elasticity for the heart valve will be lower. This is because the diamond necklace is a luxury good but the heart valve is necessary for the survival of the victim.

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anastassius [24]

Answer:

$225,300

Explanation:

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We take the lower of cost or fair value and the same is shown above so that the accurate amount could come

3 0
4 years ago
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Ilya [14]

Answer:

employer payroll taxes:

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1) total labor cost = total wages + total employer payroll taxes = $550,000 + $43,150 = $593,150

2)

March 31, wages and salaries

Dr Wage expense 550,000

    Cr Cash 459,800

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3)

March 31, employer payroll taxes

Dr FICA taxes expense  39,325

Dr Unemployment tax expense 3,825

    Cr FICA taxes payable 39,325

    Cr Unemployment taxes payable 3,825

8 0
4 years ago
What is the information that oranges contain vitamin C considered?
Anika [276]

Answer: Common knowledge

Explanation:

5 0
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The factor that the salary hike effect is :
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hope this helps
6 0
3 years ago
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mojhsa [17]

Answer:

Explained below.

Explanation:

Any mutual administrator fund of a country capital wishes to hedge the portfolio toward a market deterioration. A most helpful strategy is to buy <u>narrow-based puts</u>, the "country" fund is composed of the stocks of companies located in a single country, such as the Japan Fund; or the Mexico Fund. The buoyancy of such funds varies from the buoyancy of the market as a whole. One best way to hedge is with index puts, such as the Japan index choice; or the Mexico index selection. These are narrow-based agreements.

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