Ask question

Ask question

All categories

3 years ago

8

How does the price range affect the elasticity of demand for a product?

1 answer:

Keith_Richards [23]3 years ago

7 0

Answer:

How does the price range affect the elasticity of demand for a product?

Demand for all goods is elastic if the price is low enough.

Price range has little or no effect on elasticity of demand for a good.

Demand for a good can be inelastic at a low price, but elastic at a high price.

Demand for a good can be elastic at a low price but inelastic at a high price.

Explanation:

How does the price range affect the elasticity of demand for a product?

Demand for all goods is elastic if the price is low enough.

Price range has little or no effect on elasticity of demand for a good.

Demand for a good can be inelastic at a low price, but elastic at a high price.

Demand for a good can be elastic at a low price but inelastic at a high price.

You might be interested in

The five new production assistants at Hollywood Studios will attend an orientation meeting on their first day. During orientatio

Lera25 [3.4K]

Answer: Corporate

Explanation:

Corporate culture simply refers to the standards, shared values, attitudes, and beliefs by which the members of an organization are characterized.

The corporate culture is important in guiding how the employees of an organization think and act as it symbolizes the personality of the company shows its core beliefs. New employees are expected to know the corporate culture of an organization.

4 0

3 years ago

To ________, a marketer would most likely ask target audience members whether they remember the message, how many times they saw

pentagon [3]

Answer:

The correct answer is the option B: collect feedback.

Explanation:

First of all, the term<em> </em><em>feedback</em> refers to the<em> amount of information</em> that the marketer receives from the target audience in order <em>to understand if the decisions made were good</em> or if they were bad then understand in what they made a mistake and correct it.

Secondly, it is understandable that in order to do that the marketer needs to <em>ask the target audience </em>questions that might give important information such as <em>the frecuency that they saw the message, also if they remember the message and what points of it they can remember</em>.

6 0

3 years ago

Which of the following is true of cartels?

djyliett [7]

Answer:

option c is correct

Explanation:

option c is correct

cartel member are having an advantage to withraw or cheat from contract at any time.

cartel word is first used in 1930 by one drug dealer in mexico. it is collective group of two or more participant with motives to dominate in entire market and make huge profit.

4 0

3 years ago

The short-run aggregate supply curve shows: a. Changes in output in an economy as the price level changes, holding all other det

Neporo4naja [7]

<h3>The short-run aggregate supply curve shows the relationship between the price level and aggregate expenditure </h3>

Explanation:

A short-run aggregate supply curve (SRAS) is a graphical model that shows the positive relationship between aggregate price level and aggregate production amount supplied in an economy. The short-run aggregate supply curve is sloping upward as the supplied quantity increases as the prices increase.

The short-run aggregate supply curve captures the relationship between the actual output and the price level. True production becomes bigger as the price level increases. As the price level decreases, actual production decreases too.

8 0

2 years ago

For what reason do you think fitzgerald interrupted gatsby’s story for the visit from the horseback riders? why doesn’t gatsby u

WARRIOR [948]

Fitzgerald wanted his novel to be mysterious. He need not give out all the information because he wanted the readers to be suspenseful regarding the story. Gatsby doesn't understand how he isn't welcome because he's too naive for thinking he is important.

5 0

2 years ago