The answer is: [A]: " Nov. "
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Answer:
Elastic demand
Explanation:
The price elasticity of demand is described as the sensitivity of demand to changes in its price. A product is price elastic when a small change in prices causes a significant change in quantity demanded. If a small change in price results in minimal impact in quantity demanded, the product is price inelastic.
Steel mill raised its prices by 7 percent. As a result, the demand declined by 20 percent. The demand decreased by a bigger rate than the change in price. It means a small change in price causes the demand to change significantly. Therefore, the demand curve is price elastic.
Answer:
b. The standardization and grading function
Explanation:
Based on the information provided within the question it can be said that the function of marketing that does this is the standardization and grading function. This helps the customers with buying and selling of goods by sample or description. In other words by sorting them by a specific size and quality so that customers already understand what it is and do not have to bother with a detailed assessment.
The normal procedure under the misstatement of age provision
in regard to the payment of the death claim is that the procedure would be
reduced based on the premium in which whatever it would have been if this has
been purchased at the age of fifty nine years old.
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The opponents of prohibition argued that doing the Moralizing governmental regulations was contrary to basic constitutional values and consumer freedoms.
<h3>What is the
Moralizing regulation?</h3>
Basically, the term "Moralizing" means the action of commenting on issues of right and wrong, such as with an unfounded air of superiority or having an overly critical point of view on issues of right and wrong.
From the moral values, the government regulation can emphasizes respect for rules and ethical considerations as the rules are the supreme guarantor of morality, ethics, and justice.
However, the opponents of prohibition argued that doing the Moralizing governmental regulations was contrary to basic constitutional values and consumer freedoms.
Because the government rules are the supreme guarantor of morality, ethics, and justice, then, the government should grant scheduled importance to the law along the way of earning decisions.
Read more about Moralizing
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