Answer:
The load shedding break-out caught many unsuspecting South African households unaware as little to nothing had been announced about it. Businesses, especially petrol stations without any form of back-up energy were forced to close shop for close to five hours while others quickly cranked their generators to life just to keep the lights and the pumps on. Individual households were not spared either as they were also left in the darkness. The South African Insurance Association is acutely aware of the risks that comes with such intermittent power surges to household appliances.
Explanation:
<span>A household's scarce resources are likely divided by needs first, and then by wants. So, bills and food would be at the top of the list, and things that are wanted but not needed would be at the bottom.</span>
Answer:
In a paragraph of no less than 125 words, describe how technology helps business professionals to be more efficient?
Technology has greatly improved business professionals in recent times, this cut across different spheres such as the development of excel used as spreadsheet to make work neat and presentable, the development of computer which helps in achieving greater efficiency than human power within a shortest timing, the development of computer programming to ensure goods are counted automatically from stock which are entered into the system which limits theft, development of cctv camera which has greatly helped in recurring past events at working places or sales offices which helps to reduce crime and captures perpetrators.
Explanation:
Option C. If the cross-price elasticity of two goods is negative, then the two goods are <u>complements.</u>
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What is Cross-Price Elasticity?
- Cross-price elasticity measures how sensitive the demand of a product is over a shift of a corresponding product price.
- Often, in the market, some goods can relate to one another.
- This may mean a product’s price increase or decrease can positively or negatively affect the other product’s demand.
- A price increase of a complementary product will lead to lower demand or negative cross-price elasticity, and a price increase in a substitute product will lead to increased demand or a positive cross-price elasticity.
- Unrelated products have zero cross-price elasticity.
- For substitute products, an increase in the price of a substitute product increases the demand for the competing product.
- This is often because consumers always try to maximize utility.
- The less they spend on something, the higher the perceived satisfaction.
To know more about cross- price elasticity , refer:
brainly.com/question/15308590
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