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creativ13 [48]
3 years ago
8

when demand does not change much after a price change, demand is: a. variable b. static c. elastic d. inelastic

Business
2 answers:
RideAnS [48]3 years ago
4 0
The answer is D. inelastic
castortr0y [4]3 years ago
4 0

Inelastic demand in economics is when people buy about the same amount whether the price drops or rises. (thebalance.com definition)

The answer is D. inelastic.

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How can higher prices negatively affect other producers of goods and services
alexira [117]
If too high ppl won't buy. If no buyers, no profit, and it is basically a cause and effect :)
7 0
3 years ago
International data show a positive correlation between income per person and the health of the population. Which of the followin
SVEN [57.7K]

Individuals with higher incomes have better access to clean water, medical care, and good nutrition, and healthier individuals are likely to be more productive than sick ones.

<h3><u>Explanation:</u></h3>

Correlation refers to the relationship or association that exists between two variables taken into account for the research. There are three types of correlation such as positive, negative and no relation. Positive correlation refers to the situation when one variable is changed the other one will also be changed at the similar rate.

In the given scenario, it is said that there exists a positive correlation between the income per person and the population health. This means that when the individuals receives higher income then they can afford for getting clean water, medical care and also good nutrition and hence the healthier individuals will be more productive than the sick ones. This is because they can go for work without any leave or absence.

3 0
3 years ago
Jamie was participating in a market research study regarding computers when he was presented with 24 different computers that va
fenix001 [56]

Answer:

conjoint analysis

Explanation:

In the market research study being described, they were using conjoint analysis. This is a statistical technique that helps determine how potential customers value different attributes such as a specific feature, function, or benefit that makes up an individual product or service. In this particular scenario, Jamie was asked to rank the different computers based on each ones unique/different criteria or features.

4 0
3 years ago
abares Corporation had these transactions during 2020. Indicate whether each transaction is an operating activity, investing act
scZoUnD [109]

Answer:

(a) Issued $50,000 par value common stock for cash = Financing Activities

b) Purchased a machine for $30,000, giving a long-term note in exchange. Financing Activities = Non-cash Investing and Financing Activity

(c) Issued $200,000 par value common stock upon conversion of bonds having a face value of $200,000 =  Non-cash Investing and Financing Activities

(d) Declared and paid a cash dividend of $18,000 = Financing Activities

(e) Sold a long-term investment with a cost of $15,000 for $15,000 cash = Investing Activities

(f) Collected $16,000 from sale of goods = Operating Activities

Explanation:

The Cash flows related to raising of capital is known as Cash flow from Financing Activities.

The Cash flows related to growing and selling of Assets of the business is known as Cash flow from Investing Activities.

The Cash flow related to trade in Ordinary course business of the Company is known as Cash flow from Operating Activities.

7 0
3 years ago
Explain why the supermarket industry is an oligopoly
Misha Larkins [42]

Answer and explanation:

An oligopoly is when the market is controlled by a small group of two or more companies. Oligopoly firms may consent to market collusion, and build obstacles to new trade entry. If the businesses do not, they will be forced to lower their prices and open the markets to new and smaller firms.

<em>Supermarkets are oligopolies because in every market there are a few companies offering the same products just like them with small differentiation between one and another, providing those goods to relatively similar prices. </em>

4 0
3 years ago
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