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dem82 [27]
3 years ago
12

Read the attached file

Business
1 answer:
Ulleksa [173]3 years ago
4 0

Answer:

1)

A good without any good substitutes is likely to have a relatively low elasticity of demand. Low elasticity of demand means that consumers cannot replace the good with substitutes when the price goes up.

2)

The yacht is likely to have the more elastic demand because it is a luxury good that people can easily forgo in case they do not have enough income. An amputation procedure for a diabetic on the other hand, is a medical issue that is will have an extremely inelastic demand. In other words, patients will pay any necessary amount for the procedure, because it is vital for their lives.

3)

Food as a whole will be the least elastic because people cannot go without food, and it is one of the most basic necessities that need to be covered.

Vegetables will be in between. They are one essential food group, but they could be replaced in some cases.

Red bell peppers is the most elastic good because it is akin to a luxury good in the sense that is not objectively necessary to consume for anything other than flavor, and as a spice, it has many close substitutes.

4)

The demand for natural gas will tend to be less elastic in the short run than in the long run. In the short-run, people will have to continue buying natural gas even if the price rises, but in the long-run, many people will opt for other alternatives like electric cars.

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The shape of the ______________ involves a tradeoff between unemployment and inflation.
beks73 [17]

Answer: Option (c) is correct.

Explanation:

The short run Phillips curve represents the trade off between unemployment  and inflation. This means that if there is an increase in the inflation rate then as a result unemployment rate decreases and  if there is an increase in the unemployment rate then as a result inflation rate decreases. There is an inverse relationship between unemployment and inflation rate.

The long run Phillips curve is a vertical line which is at a point of natural rate of unemployment and short run Phillips curve is L-shaped.

4 0
3 years ago
“ She turned to her shoulder partner to make sure that she had all that was presented” This is a active sentence how do you turn
Tpy6a [65]

Answer:

A shoulder was turned towards her partner to make sure everything that was presented was taken by her.

Explanation:

In order to change the active sentences into passive sentences, the object in the active sentence is changed into the subject. For example in the above given example, the object is shoulder which is changed into the subject and then the sentence is formed accordingly.

So now it becomes "A shoulder was turned towards her partner to make sure everything that was presented was taken by her."

I hope the answer is helpful.

Thanks for asking.

7 0
3 years ago
When text is indented in an outline, what does that usually mean?
andrew11 [14]

Answer:

D

Explanation:

its is D because why not ight

3 0
3 years ago
Read 2 more answers
In the life cycle theory of consumption, the motive to save is:A.To be able to open a business.B.To become wealthy.C.To leave a
DanielleElmas [232]

Answer: To afford to retire

                       

Explanation: The life cycle theory was established by Modigliani in 1957. This theory states that a rational individual manages its expenses with the motive of saving sufficient amount till his or her retirement.

As per this theory, the individual consumes almost same amount of income which leads to the situation of borrowing in times of low income and savings in times of high income.

However the minor differences leads to savings high than borrowings in times of low income the individual significant lowers his or her capital expenditure.

4 0
3 years ago
A(n) _______________, if signed by a majority of the members of the house of representatives, will pry a bill from committee and
Dmitriy789 [7]
<span>A petition that, if signed by a majority of the members of the House of Representatives, will pry a bill from committee and bring it to the floor for consideration.

A discharge petition!</span>
7 0
3 years ago
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