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madam [21]
2 years ago
15

A perfectly inelastic demand implies that buyers would increase their purchases by 10%when the price falls by 10%. purchase the

same amount as before when the price rises by 10%. decrease their purchases by 100% when the price rises by 10%. increase their purchases by 100% when
Business
1 answer:
vichka [17]2 years ago
6 0

Answer:

purchase the same amount as before when the price rises by 10%.

Explanation:

A perfectly inelastic demand curve is basically a straight vertical line. This means that the consumers are willing to purchase the goods or services no matter what their price is. In other words, they will keep buying them at any price, up to infinity and beyond. This is not a real scenario, because no product will be purchased at any price that the seller wants.

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A factor held constant to test the relative impact of the independent variable is known as a:
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The constant in a system is the control. 
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3 years ago
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Tim Company had sales of $30,000, increase in accounts payable of $5,000, decrease in accounts receivable of $1,000, increase in
stepladder [879]

Answer:

$31,000

Explanation:

The computation of the cash collected from customers is shown below:

Cash collected from customers = Sales + Decrease in accounts receivable

                                                    = $30,000 + $1,000

                                                    = $31,000

We simply added the sales and the Decrease in accounts receivable so that the accurate amount can come

All other information which is given is not relevant. Hence, ignored it

7 0
2 years ago
An example of a cost is _____.
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Profits is the answer
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3 years ago
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In Mesopotamia, the ownership of property and the specialization of trades and crafts made visual identification necessary. Imag
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Answer:

Cylinder seals

Explanation:

The human species originated in Africa around 300,000 years ago, but the first civilization that modern archaeologists have discovered was located in Sumer, Mesopotamia, around 10,000 BC.

Mesopotamians invented agriculture, writing, art, culture and trade. One of the ways to control goods produced and traded was to trademark them with cylinder seals specially to mark items on clay. They used clay a lot, for writing, pottery and construction.  

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3 years ago
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In an effort to reduce cost on auto insurance, Sophia has lowered each component of her current plan to the cheapest possible op
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Answer:

Sophia will save $38.15

Explanation:

If Sophia chooses the cheapest possible option, her choices will be:

bodily injury                        $25/50,000                   $21.35

property damage                 $25,000                      $115.50

collision                           $500 deductible            $248.08

<u>comprehensive               $100 deductible               $88.23  </u>

total premium                                                           $473.16

she will save $511.31 - $473.16 = $38.15

5 0
3 years ago
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