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lions [1.4K]
2 years ago
10

Demand is likely to be most elastic for which of the following: Ground beef O Footwear O Bread O Concert tickets​

Business
1 answer:
-Dominant- [34]2 years ago
6 0

Answer:

O Concert tickets​

Explanation:

Elastic demand is the demand that is highly responsive to changes in prices. A small change in price causes the demand to change by a big proposition. When the demand is elastic,  the change in demand is not propositional to changes in price.

Non-essential goods tend to have elastic goods. These are the goods that consumers can survive without. Demand for non-essential tends to decrease or increase in a big proposition when prices rise or fall by a small margin. From the list provided, concert tickets are non essential goods.

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iVinArrow [24]
The answer to this question would be option B: FALSE. When we say medium, this is the mode of how the message would be transmitted from the source to the receiver. This is also known as the channel. An example of this would be television or radio. This statement becomes false because the medium does not have anything to do with how the receiver deciphers or decodes the message that is being sent. The medium only serves as a channel and does not affect on how the receiver would interpret such information.
4 0
2 years ago
What is the term called that is intended to clear the cylinder valve of dust or dirt that might otherwise enter the regulator
Len [333]

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7 0
3 years ago
A customer invests 50000. 10 years later, the investment is worth 100000. the customers annual compouned rate of return is?
9966 [12]

<u>Answer:</u> The rate of interest is 7.18 %

<u>Explanation:</u>

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A=P(1+\frac{R}{n})^{nT}

A = Amount after time period 'T' = $100,000

P = Principal amount = $50,000

R = rate of interest = ?

n = Number of times interest applied per time period = 1   (annually)

T = time period = 10 years

Putting values in above equation, we get:

100,000=50,000(1+\frac{R}{1})^{1\times 10}\\\\R=0.0718

Calculating the rate of interest in percentage:

\Rightarrow R\times 100=0.0718\times 100=7.18\%

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7 0
3 years ago
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Answer:

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Dividends

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Preferred Stock dividend = 20,000 x $50 x 6% = $60,000

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8 0
3 years ago
What is a way to protect your social security number and other sensitive information from identity theft? everfi?
faltersainse [42]

dont share you personal emails or passwords

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2 years ago
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