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
Airida [17]
3 years ago
15

Below, you are provided with four groups of different goods. These goods are differentiated by the number of likely substitutes

that each has, and by the fraction of income that consumers spend on each. You will rank the goods within each group by their expected price elasticities of demand.
Consider the following three goods:
1. a red convertible car
2. a car
3. a convertible car.

Rank the demand of these three goods by their expected price elasticities of demand from most elastic to least elastic.
Business
1 answer:
gavmur [86]3 years ago
7 0

Answer and Explanation:

The red and the convertible cars would be considered similar i.e. they are perfect substitutes also the car and the convertible car would be the substitutes but it is not a perfect as the convertible car would be the subset of the car group plus the expenditure made on the convertible car would be high so here the elasticity is more

You might be interested in
In the context of strategic human resources management, people can increase _____ by helping lower costs, providing something un
Ksenya-84 [330]

Answer: The correct answer is VALUE.

Explanation: Human Resource Management means management of people at work. It involves recruiting, training and generally impacting employees to add value and collectively achieve organisational goal.

4 0
3 years ago
How many years would it take for an investment of $280,000 to accumulate to at least $425,000 at 15% per year interest?
Alex73 [517]

Answer:

i will take at lease 3 years to get 425,845

4 0
3 years ago
Where would you go to set up margins on a letter?
slava [35]

Answer:

B

Explanation:

on page layout tab on page setup,choose margins

3 0
3 years ago
Read 2 more answers
Which country listed has the highest human development ranking?
andreyandreev [35.5K]

Answer:

The answers to all 3 questions are:

1. Norway

2. China and India

3. Afghanistan

Explanation:

Just completed the 2020 Edge Assignment

7 0
3 years ago
Read 2 more answers
According to functional job analysis, all jobs require workers to interact with?
Sloan [31]

According to functional job analysis, all jobs require workers to interact with data, people, and things. There are different ways to conduct a functional job analysis, but these ways measure workplace roles through established scales. These scales are usually categorized into seven categories: data, people, things, instruction, reasoning, math, and language.

Functional job analysis is the practice of examining job requirements and assigning a suitable candidate for that job or examining a candidate's qualifications and skills and assigning a suitable job to that candidate. It also works in reverse by not matching the wrong candidate with the job or vice versa. An obvious example is not hiring someone with no hands to do any job that requires lifting things. With only two types of jobs in a small business, this is not a difficult proposition. In a large company with thousands of people doing hundreds of different jobs, it can become a Gordian knot. It is up to the functional job analyst to become Alexander with the sword.

Learn more about functional job analysis:

brainly.com/question/24239905

#SPJ4

3 0
2 years ago
Other questions:
  • The condensed financial statements of Ness Company for the years 2016 and 2017 are presented below. NESS COMPANY Balance Sheets
    13·1 answer
  • When a business message provides the rationale for a request before making the specific request, the message is said to be?
    7·1 answer
  • Think of a time you encountered an ethical dilemma. What was the situation? How did you react? Do you behave ethically? How do y
    13·1 answer
  • After reviewing the service records at a car dealership, the CEO (chief executive officer) discovered that customers who schedul
    11·1 answer
  • ___________ requires that firms in the private sector provide procedures for anonymous reporting of accusations of fraud.
    14·2 answers
  • Which of the following statements is (are) TRUE?
    9·1 answer
  • During market testing, Sensation Cosmetics (SC) realized that the cosmetics industry was dominated by multiple, well-established
    7·1 answer
  • Describe the formation process of cross-border mergers, acquisitions, and international joint ventures. What are the major diffe
    11·1 answer
  • Jackson is a recent college graduate who just got his first job. He commutes approximately 35 minutes each way
    15·1 answer
  • Case Study 4.3: Is There Really a Market for it? (pp. 127 - 129). This particular case study seems to bring to light many of the
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!