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Lena [83]
3 years ago
15

Importance of the different types of elasticity​

Business
1 answer:
WITCHER [35]3 years ago
5 0

Answer:

<em><u>Elasticity is an important economic measure, particularly for the sellers of goods or services, because it indicates how much of a good or service buyers consume when the price changes. When a product is elastic, a change in price quickly results in a change in the quantity demanded.</u></em><em><u>The concept of elasticity for demand is of great importance for determining prices of various factors of production. Factors of production are paid according to their elasticity of demand. In other words, if the demand of a factor is inelastic, its price will be high and if it is elastic, its price will be low.</u></em>

Explanation:

hope it helped you...mate!

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Bessie is at the grocery store and is trying to remember some of the things she needs to buy. She is in the cleaning products ai
Anna007 [38]

Answer: Actual state

Explanation: In simple words, The actual state refers to the way in which a rational consumer actually satisfies his or her needs and wants.

In the given case, Bessie is sure that she has the same product left at home however she does not have any proof. Bessie decides to not purchase the good she already has one, thus, despite of not having a proof she decides to satisfy her wants by not purchasing the bottle.

Hence the correct option is C .

7 0
4 years ago
Banks use a large percentage of their checkable deposits for the purpose of __________.
KiRa [710]

Answer:

B. giving loans

Explanation:

The reserve requirement system requires commercial banks to maintain a small fraction of their deposits as a reserve. Only a small percentage of the checkable deposits is required to be held in the banks as reserves. The reserves requirement fractions vary with the monetary policy in place.  

The percentage of reserve requirement ranges from 3% to 10%. It would hardly get to 20%. The rest other bigger percentage ( over 80%) is available to be used to create loans.

4 0
3 years ago
Read 2 more answers
If a labor union successfully restricts the supply of labor to​ firms, and if the union is not able to influence the demand for​
Alisiya [41]

Answer:

(B) ​rises; decreases

Explanation:

  • As the labors are unable to motivate the other laborers of the firm in the organization then the wage rate will increase the form needs more and more laborers to work in the factory or the production units and hence the employment opportunities will decline as an upward movement along the demand curve.
3 0
3 years ago
To save for​ retirement, a student invests ​$60 each month in an ordinary annuity with 6 % interest compounded monthly. Determin
professor190 [17]

Answer:

The student invests $60 each month and the interest rate is 6%. The interest rate is compounded monthly so we will take the interest rate as 0.5% (6/12).

The number of periods will be 420 (35*12) as the payments are made every month.

The present value is 0 as he is not making any investment at the start.

We need to find the future value of these payments, and for that we need to put these values in a financial calculator

PV= 0

PMT= 60

I= 0.5

N=420

Compute FV

FV=85,482

The total accumulated amount in the students annuity will be $85,482.

Explanation:

6 0
4 years ago
Consider a single factor APT. Portfolio A has a beta of 1.0 and an expected return of 16%. Portfolio B has a beta of 0.8 and an
nirvana33 [79]

Answer:

B, A

Explanation:

A: 16% = 1.0F + 6%; F = 10%; B: 12% = 0.8F + 6%: F = 7.5%; thus, short B and take a long position in A.

4 0
4 years ago
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