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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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For an airline, which of the following would not be an operational budget? A cash receipts budget of flying consumers. A budget
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Answer:

A cash receipts budget of flying consumers.

Explanation:

Operational budget is defines as all the profits and expenses a business realises as a result of planning it's operations.

Usually an operational budget is set before activities begin, and is a target to be achieved.

For an airline cash receipts of flying customers is not a revenue realised as a result of planning operations, so this is the correct answer.

However a fuel budget, material budget for parts, and labour budget for flight crew are operational budgets.

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Which one of the following positions would have salaries or wages that are classified as a factory overhead cost by a baking com
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Out of the following positions, the position of the factory supervisor would have a salary or wage that is classified as a factory overhead cost by a baking company.

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  • For a baking factory, professionals like a baker, a salesman, or the president of the company are mandatory to have.
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When the price of butter was "low," consumers spent $5 billion annually on its consumption. When the price doubled, consumer exp
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The correct answer is: No, this situation is impossible.

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To begin with, in the reality the situation with the demand curve is all the opposite. The <em>law of demand</em> establishes that there is an indirect relationship between the price of a product and its quantity demanded in the market, therefore that when the price of a good increases then its quantity demanded decreases. And it is by logic as well, because no one will buy more of something if the products is more expensive than it was before. Therefore that the situation in the text is impossible and it could only be opposite.

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