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Gala2k [10]
3 years ago
8

Your younger sister needs $50 to buy a new bike. she has opened a lemonade stand to make the money she needs. your mother is pay

ing for all of the ingredients. she currently is charging 25 cents per cup, but she wants to adjust her price to earn the $50 faster. if you know that the demand for lemonade is elastic, what is your advice to her?
Business
1 answer:
Elis [28]3 years ago
5 0

Elastic demand means that consumers are sensitive to price and that increased prices can lead to lower sales. There isn't enough information to fully answer this question. We don't know how elastic the demand is. If the demand is only slightly elastic, the increased price and lower demand could still equal higher profits.

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Answer:

Matching with the Best Word, Phrase, Name, etc:

1.        J.  Affirmative action

2.       B.  Requires that men and women be given equal pay for equal work in the same establishment

3.        M.  A process of negotiation between firms and labor unions regarding wages, compensation, working conditions, and other factors affecting workers

4.       C.  May increase demand for unionized labor

5.       L.  Relations Act of 1935. A law granting workers the right to unionize

6.       G.  Companies in many states could legally refuse to hire a black worker regardless of the credentials or experience of that worker supplied of labor and lower quantity demanded of labor

7.       A.  Legislative proposal providing path to legal residency to qualifying immigrants who entered the United States as minors (before the age of 16)

8.       I.  Lead to a decline of labor unions in the United States

9.       K.  Lead to a decline of labor unions in the United States

10.      D.  A law requiring companies to pay equal wage to all their workers regardless of race, age or sex

Explanation:

The DREAM Act, Relations Act of 1935, Equal Pay Act of 1963, Civil Rights Act of 1964, and Affirmative action are some of the government-sponsored programs to ensure that some level of equity applies to individual cases.

 

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