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
madam [21]
3 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]3 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.

You might be interested in
Many advertising organizations say that applying the term "unfair" to an advertisement is
Vadim26 [7]

Answer:

<em>Necessary to protect consumers from harmful products</em>

8 0
2 years ago
Describe the challenges and opportunities of globalization in a ""flattened"" world.
Ksju [112]

Answer:

The meaning of a 'flattened' world is that ,globalization, which can be described as inventions and various developments in the technology world , has created a level playing ground, where countries considered as small or minors are now competing with the super-power ones.

Explanation:

The major challenge of this is that , the rate competition has increased between countries that have great impacts on the resource area of businesses.

And the opportunities are that, new jobs are created or available especially in the information systems and other jobs or occupations involving services.

 Finding better suppliers and at a better price has also been considered as a big benefit because now there were more places to choose from globally.

4 0
3 years ago
Read 2 more answers
A mission statement that concentrates on how your 4 will affect your competitors, rather than focusing on your goals is called a
timama [110]
The correct answer for the question that is being presented above is this one: "C. commercial image." A mission statement that concentrates on how your 4 will affect your competitors, rather than focusing on your goals is called a/an commercial image statement.
5 0
3 years ago
Read 2 more answers
True or False: Equality refers to how the pie is divided, and efficiency refers to the size of the economic pie.
SIZIF [17.4K]

Answer:

The correct answer is True.

Explanation:

Economic efficiency is the efficiency with which an economic system uses productive resources to meet its needs. According to Todaro the concept means in matters of "production, use the factors of production in combinations of lower cost, in consumption, allocation of expenses that maximize consumer satisfaction (utility)".

Economic or income equality, social equality and cultural equality would be achieved if economic, social and cultural rights - second generation human rights - are fulfilled. Equity or equal resources is essential both to fully exercise civil and political rights and to have a decent life.

8 0
4 years ago
A copy machine cost $ 45 comma 000 when new and has accumulated depreciation of $ 44 comma 000. Suppose Print and Photo Center s
natita [175]

Answer:

The disposal resulted was at D. No gain or loss

Explanation:

The gain or loss on disposal on a fixed asset is calculated by comparing the sales proceeds from disposing off the asset and the carrying value of the asset.

The carrying value of the asset is its net book value which is calculated as follows,

Carrying value = Cost - Accumulated depreciation

If the carrying value is equal to the sales proceeds from disposal, there is no gain or loss.

The carrying value of copy machine was = 45000  -  44000  =  $1000

The sales proceeds were also $1000

Thus, gain/loss on disposal = 1000 - 1000 = $0

Thus, there was no gain or loss on disposal.

6 0
4 years ago
Read 2 more answers
Other questions:
  • What is the relationship among agency theory, economic consequences, and signaling?
    10·1 answer
  • A good rule is to spend no more than 25-30% of your _______ income on housing.
    13·2 answers
  • "fundamental disequilibrium," its government choose not to devalue its currency. a likely consequence of this would be
    5·1 answer
  • The internal growth rate of a firm is best described as the: Multiple Choice Minimum growth rate achievable assuming a 100 perce
    15·1 answer
  • Stale Check Charles Ragusa &amp; Son ( Ragusa), a partnership consisting of Charles and Michael Ragusa, issued a check in the am
    13·1 answer
  • Which of the following is NOT an example of advertising media?
    8·1 answer
  • What is the expected constant-growth rate of dividends for a stock currently priced at $50, that just paid a dividend of $4, and
    7·1 answer
  • What are the marketing mix strategies of sanlam explain each strategy by using sanlam company​
    15·1 answer
  • Consider a hypothetical business problem of increased number of incidents and service requests raised by the users that was affe
    13·1 answer
  • Question 8 of 20
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!