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Assoli18 [71]
2 years ago
15

At higher prices, the price elasticity of demand is likely to be ________, whereas it is likely to be ________ at lower prices.

Business
1 answer:
Black_prince [1.1K]2 years ago
6 0

Answer:

2. elastic; inelastic

Explanation:

The price elasticity of demand, the amount consumers demand from a particular price are different for each good or service, and when the price changes, the response shown as the change in the quantity requested is different for each good (even at a different price level for one good).

In the face of price changes, the severity (or degree of sensitivity) of the reaction of consumers in the form of changing the amount they buy against this change is measured by the price elasticity of the demand, which is also called demand elasticity. This flexibility is expressed by a coefficient.

The price elasticity coefficient of demand is equal to the ratio of the percentage change in the quantity demanded to the percentage change in price in the face of a small change in price.

The Price elasticity will be elastic when it equals or more than 1, if not it will be inelastic with the amount of less than 1.

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1. The IS curve plots the relationship between the interest rate and ______ that arises in the market for ______.
Julli [10]

Answer:

The correct answer is a. national income; goods and services

Explanation:

This is a relationship that we use in macroeconomics.  

The IS curve describes the combinations of two variables ,  they are interest rate and the level of income, when the market of goods and services is in equilibrium.  

So,  The IS curve plots the relationship between the interest rate and national income that arises in the market for goods and services

6 0
3 years ago
Eliminating modification anomalies is a(n) ________ of normalization.Immersive Reader (2 Points) advantage disadvantage either a
noname [10]

Answer:

The correct answer is the first option: Advantage.

Explanation:

To begin with, the name of<em> "Normalization"</em> refers to the process of structuring a relational database alongside with normal forms with the purpose to reduce the amount of data redundancy and increase and improve the amount of data integrity. Most of the cases, the normalization concludes when the relational database meets the third normal form, that is considered to be free of insertion, updated and free of anomalies due to the fact that it deletes them. That is why that the elimination of modificating anomalies is an advantage of normalization.

4 0
3 years ago
d Corporation purchased a depreciable asset for $840300 on January 1, 2018. The estimated salvage value is $87000, and the estim
Dominik [7]

Answer:

$221,600

Explanation:

The computation of the depreciation expense for the year 2021 is as follows:

Depreciation expense is

= (Cost - Salvage value) ÷ Useful life

= ($840,300 - $87,000) ÷ 9

= $83,700 per year

Now the book value would be

= $840,300 - ($83,700 × 3 years)

= $589,200

And, finally the revised depreciation is

= ($589,200 - $146,000) ÷ 2

= $221,600

We simply applied the above formula so that the correct value could come

And, the same is to be considered

6 0
2 years ago
How has BRICs membership benefited South Africa so far?
prisoha [69]
Well we live really far so
8 0
3 years ago
T governance has two major components: the assignment of decision-making authority and responsibility, and the _________________
Viefleur [7K]

Answer:

d. capability maturity model

Explanation:

According to my research on IT Governance , I can say that based on the information provided within the question the second major component is the capability maturity model. This model that is used to develop and enhance a company or organization's current software development process.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

4 0
3 years ago
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