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
GarryVolchara [31]
4 years ago
6

use the total revenue test to determine whether the demand for home heating oil is elastic or inelastic and why

Business
1 answer:
Mekhanik [1.2K]4 years ago
6 0

Home heating oil is considered inelastic demand instead of elastic demand. Inelastic demand is when people will buy the same amount whether the price of the good drops or rises. People who buy home heating oil want their homes to be kept heated and warm, since they are buying it to serve a purpose like this, whether the price rises or drops they still will need it. Since they will need it regardless of price, they will continue to buy it and therefor it is inelastic.

You might be interested in
When individuals acquire, process, and act on relevant economic information promptly in their own self-interest and investigate
notsponge [240]

Answer: rational

Explanation:

Rational expectations is a way by which individuals make their decisions based on their past experience, self interest, human rationality and the information that they have.

Therefore, when individuals acquire, process, and act on relevant economic information promptly in their own self-interest and investigate its impact on others, they are said to have rational expectations.

3 0
3 years ago
Andy, a car
Archy [21]
I don’t really know I just need points
5 0
4 years ago
Janice creates advertising slogans for the advertising firm that employs her. she works with beliefs, perceptions, and informal
lyudmila [28]
<span>The answer is High affective commitment . It means the employee connected with the organization for a commitment and achieve their goals without fear of loss, affective with the job and Sense of obligation to stay etc. It can be different form like commitment, direction of development and influences behaviour etc.</span>
4 0
3 years ago
Spending by which sector is the largest single component of spending in the u.s. economy?
telo118 [61]
The sectors are international, household, business, and government.  The largest spending is consumption spending. That being said the answer would be household. 
3 0
3 years ago
Another term for the cash-and-carry purchasing procedure is: Question 2 options: a) stockless purchasing b) forward buying c) fi
satela [25.4K]

Answer:

Will call purchasing

Explanation:

Cash and carry also known as "will call purchasing" or "carry trade" is a sales strategy or method of purchase in which a customer must pay for an item immediately and must take the item with them. It eradicates all forms of credit sales.

Cash and Carry involves paying for an item and taking it along with you. There is no space for future delivery and it doesn't include delivery cost in the price of an item.

Pickup can't be delayed to a later date.

5 0
3 years ago
Other questions:
  • The expected rates of return on portfolios A and B are 11% and 14%, respectively. The beta of A is 0.8 and the beta of B is 1.5.
    6·1 answer
  • Which assessments uses computer adaptive technology to provide answers
    10·1 answer
  • In a written report of their research, researchers specify exactly how anxiety, one of their variables, is assessed and defined
    12·1 answer
  • The plaintiff explains that she acted with the value of integrity when she started her own cleaning business. What did she claim
    8·1 answer
  • Whether a firm has growth or value and how this firm characteristic affects an estimate of the cost of equity is called the ____
    9·1 answer
  • 5.The real risk-free rate of interest is 2%. Inflation is expected to be 3.5% the next 2 years and 6% during the next 3 years af
    10·1 answer
  • 1. Most students initially believe that if they are good at math, they will be good at accounting.True / False
    14·1 answer
  • 10. Crowding out effect Suppose economists observe that an increase in government spending of $13 billion raises the total deman
    7·1 answer
  • The next time you need to make a choice, your brain will use what what method?
    8·1 answer
  • Goodwill arises when one firm acquires the net assets of another firm and pays more for those net assets than their current fair
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!