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
rusak2 [61]
3 years ago
11

A good’s price elasticity of demand depends in part on how necessary it is relative to other goods. If the following goods are p

riced approximately the same, which one has the least elastic demand?
(A) Diamond necklace
(B) Amputation procedures for diabetes sufferers
Business
1 answer:
marin [14]3 years ago
7 0

Answer: The correct answer is "(B) Amputation procedures for diabetes sufferers".

The price elasticity of demand measures the degree of response of the quantity demanded of a good, given the change in the price of that good.

The demand for a good or service is less elastic when, given a change in the price, the demand varies in a smaller amount and the demand for a good or service is more elastic when, before a change in the price, the demand varies by greater or equal. Quantity than the price.

Between a diamond necklace and amputation procedures for patients with diabetes it is clear that the demand for amputation procedures for patients with diabetes is less elastic than that of a diamond necklace, since being a consequence of a disease and being treated of the health of the people the demand varies little or very little before a change in the price. On the other hand, a diamond necklace is a luxurious asset, which is not of extreme necessity for people.

You might be interested in
You live Happytown, Illinois, and you are an intern for the Happytown County Health Department. It is now April and your office
34kurt

Answer:

The first place to post the flyer will be <u>Children Day Care Centers </u>

Second will be near <u>ponds, lakes</u> where people tend to go for swimming

Third will be at the <u>schools and hospitals</u>

Fourth will be at <u>indoor / swimming pool</u> for general public and professional swimmers

Explanation:

Children Day Care Centers:

Kids who attend day care centers, including diaper aged kids and people who take care of the day care kids are more like prone to infection. Especially, when parents of infected kids leave their kids in the day care where rest of the kids attend. Kids have weak immune system and they get easily affected by Cryptosporidium.

Ponds, Lakes, Indoor swimming pool

Backpackers, hikers & campers use the lakes and ponds for bathing, swimming etc., are exposed to Cryptosporidium infection as they end to consume unfiltered and untreated water

Schools and Hospitals

Kids, infants and pregnant women are more like to get seriously ill due to weak immune system which may lead to dehydration leading to diarrhea, as they tend to contact infected people.

4 0
3 years ago
EFG Transportation Company uses the straight-line method to depreciate its delivery truck. Which of the following reflects how r
Stells [14]

Answer:

C.− NA −NA + −NA

Explanation:

As we know that

The depreciation expense is a non cash expense which is to be charged every year and shown in the income statement

Plus it also reduced the value of the asset and stockholder equity as a retained earning but at the same time it increases the expenses due to which the net income reduced and it does not have any impact on the cash flow statements

Hence, the appropriate option is c.

4 0
4 years ago
A total of $44,000 is invested in two municipal bonds that pay 5.75% and 7.25% simple interest. The investor wants an annual int
Nataliya [291]

Answer:

Amount invested at 5.75% = $30,000

Amount invested at 7.25% = $14,000

Explanation:

Let the amount invested

at 5.75% = X

at 7.25% = Y

According to given condition

X + Y = $44,000 ( Eq 1)

and

0.0575X + 0.0725Y = $2,740 ( Eq 2)

By multiplying ( Eq 1) with 0.0575

0.0575X + 0.0575Y = $2,530 ( Eq 3)

By subtracting ( Eq 3) from ( Eq 2)

0.0725Y - 0.0575Y = $2,740 - $2,530

0.015Y = 210

Y = 210 / 0.015

Y = $14,000

X + $14,000 = $44,000

X = $44,000 - $14,000

X = $30,000

Check:

$30,000 x 5.75% + $14,000 x 7.25% = $2,740

$2,740 = $2,740

5 0
3 years ago
Suppose the government passes a law that reduces unemployment benefits in a way that causes unemployed workers to seek out new j
SCORPION-xisa [38]

Answer:

The correct answer is C. If the government passes a law that reduces unemployment benefits in a way that causes unemployed workers to seek out new jobs more quickly. The policy will cause the natural rate of unemployment to fall, which will shift the long-run aggregate supply curve to the right .

Explanation:

Unemployment occurs when there is a greater supply of labor than what is demanded. This means that there are people who seek employment at the regular wage rates, but who are unable to get employment in the open labor market. Unemployment also means that people who actually want to work (and who are unemployed) cannot work with what they are qualified for.

Unemployment is a social problem, and low unemployment and high employment are important in order to develop and maintain a welfare society. For each individual, work is the most important insurance for their own welfare and social inclusion.

If the aforementioned law were approved, and the unemployed began to look for work imminently (even leaving aside some pretensions), many of them would get a job in a shorter time than if this law were not approved, which would decrease the country's unemployment rate.

6 0
3 years ago
In a(n) ________ channel, the same member both produces and distributes a product or service to consumers.
kompoz [17]

In a direct channel, the same member both produces and distributes a product or service to consumers.

<h3>What are Distribution Channels ?</h3>

Distribution channel (or supply chain) set of institutions that transfer the ownership of and move goods from the point of production to the point of consumption - consists of all the institutions and marketing activities in the marketing process.

There are two types of distribution:

Direct-occurs when the suppliers and the tourist deal directly with each other. A direct channel allows the consumer to make purchases from the manufacturer

Indirect- occurs when part or all of the functions are handled by an intermediary. A indirect channel allows the consumer to buy the goods from a wholesaler or retailer.

Therefore, we can conclude that the correct option is B.

Your question is incomplete, but most probably your full question was:

In a(n) ________ channel, the same member both produces and distributes a product or service to consumers.

a. tiered

b. direct

c. horizontal

d. vertical

e. exclusive

Learn more about Distribution Channels on:

brainly.com/question/11379146

#SPJ4

7 0
2 years ago
Other questions:
  • _____ _____ includes employee behaviors that are directly involved in the transformation
    9·1 answer
  • People consider Ethan to be an honest person. Which of his actions best exemplifies this trait?
    9·2 answers
  • You are concerned with a steady decline in profits in your​ company, despite the fact that costs are not rising at an unreasonab
    8·1 answer
  • When Maria, the keynote speaker at a major business leaders' conference, arrived in the middle of the night at the Ritz-Carlton,
    10·1 answer
  • What are the costs and sources of inefficiency in a barter B apply.) A. Productivity is increased by specialization. B. Each goo
    5·1 answer
  • In what ways are big businesses linked with sport
    15·1 answer
  • The Hopper Leg Winery from California's Sonoma Valley is trying to enter the wine market in France. To the company's surprise, i
    11·1 answer
  • Q50 Four years ago, Ship Express purchased a mailing machine at a cost of $218,000. This equipment is currently valued at $97,40
    8·1 answer
  • You have decided it’s time to buy a house, and you have found the one you want. The price is $500,000, and you will pay 10% in
    14·1 answer
  • Because a decrease in real autonomous spending results in a ________ in the price level, the ultimate effect on real gdp is ____
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!