1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
iogann1982 [59]
3 years ago
15

Which of these is an example of an inelastic good?

Business
1 answer:
pishuonlain [190]3 years ago
6 0

Answer:

A. Medicine

Explanation:

Inelastic good is a product whose demand does not fluctuate with price changes. It means the demand for the good remains constant even if prices increase or decrease. The term inelastic symbolizes the demand for the good is static.

Medicine has an inelastic demand. Patients need medication regardless of prevailing prices. An increase or decrease in prices of medicines does not influence the demand. The term inelastic contrast elastic demand, which is the demand that varies with changes in prices.

You might be interested in
Why is there so much government regulation involving social responsibility issues? Should there be less?
Lesechka [4]
I think genuine corporate social responsibility is very important, as long as it is not just lip service. When a company for example harvests a resource like trees or minerals then it is benefiting from the natural riches so should definitely be putting something back into the community and the natural environment not just say "log it mine it pave it" and ignore any adverse consequences.
7 0
3 years ago
What segment of the foodservice industry is characterized by limited menus, fast service, and modest prices?
Nana76 [90]

The segment of the food service industry is characterized by limited menus, fast service, and modest prices in Quick-service restaurants.

<h3>What is meant by the food service industry?</h3>

Any business that serves meals to customers outside of their homes falls under the umbrella of the food service industry. This comprises eating establishments, takeout businesses, cafeterias, university dining halls, catering and vending businesses, inns, and motels, as well as rehabilitation and retirement facilities.

An essential component of the American economy is the food service sector. These businesses depend on food service managers (FSMs) to manage expenses, maintain client satisfaction, and guarantee efficient operations on a daily basis.

Commercial food service operations' major objectives are to serve customers food and drinks for a profit and produce satisfying guest experiences. Fast-food and full-service restaurants, pubs and nightclubs, catering and banquet facilities, and outlets for recreation and leisure are among these businesses.

Quick-service restaurants are a subset of the food service sector that are distinguished by small menus, quick service, and affordable rates.

To learn more about food service industry refer to:

brainly.com/question/27229449

#SPJ4

4 0
1 year ago
How successful were the redeemers at using the "race card" to promote their agendas?
brilliants [131]
The Redeemers were a political group that began during Reconstruction after the Civil War.  Their popular movement was aimed at "saving" the South by preventing the federal government from providing public services to blacks.  They were successful in this endeavor by gaining control of many Southern state governments and reducing funds for public schools and hospitals under the guise of increasing efficiency.  Their real aim, however, was to prevent blacks from gaining political and economic power.
5 0
3 years ago
How much notice does the Worker Adjustment and Retraining Notification
Hatshy [7]

Answer:60 days

Explanation:

ap3x

3 0
3 years ago
6. The source document should be written in the
bogdanovich [222]
9 Letter C 8 c 7 d 6 a 8 b
3 0
3 years ago
Read 2 more answers
Other questions:
  • Yurman Co. sells major household appliance service contracts for cash. The service contracts are for a one-year, two-year, or th
    6·1 answer
  • The rise of internet marketing has become particularly important in doing business in the b2b markets.
    11·1 answer
  • Shanna, a calendar year and cash basis taxpayer, rents property from Janice. As part of the rental agreement, Shanna pays $24,20
    10·1 answer
  • Which definition best describes volatile storage media? Media that loses all its data when the computer’s power is turned off Me
    12·1 answer
  • Barr Corp. started a long-term construction project in 20X0. The following data relate to this project: Contract price $4,200,00
    9·1 answer
  • Increased government debt can lead to higher interest rates​ and, as a​ result, crowding out of private investment spending. In
    14·1 answer
  • if you argue for increasing the dues for your social club in order to keep the club solvent, even though some of the members mig
    14·1 answer
  • Which of the following best describes the management function of organizing?
    10·1 answer
  • What are the causes of xenophobia​
    15·2 answers
  • A(n) ________ change involves introducing a practice that is new to the industry, such as using drones (rather than delivery tru
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!