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2 years ago

A consumer is someone who uses goods and services. True False

2 answers:

5 0

ANSWER is True. Consumers like us that go to Walmart, Costco, Walgreens, and fast food places to meet their needs. We as consumers buy from entrepreneurs to help their businesses get money.

goldfiish [28.3K]2 years ago

4 0

Technically,
A consumer is someone who Purchases goods and services for Use.
But I would deem that statement True too.

_Brainliest if helped!

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suppose that due to unfavorable growing conditions, this year’s global coffee crop was unusually small. what can we assume about

nekit [7.7K]

The short-run price elasticity of demand will be inelastic and the short-run price elasticity of supply will be inelastic.

Elasticity of demand measures the relationship that exists between price and quantity demanded.

Elasticity of supply measures how quantity supplied changes when there is a change in the price of a good.

Types of elasticity.

Elastic demand (supply): This means that demand (supply) is sensitive to price changes
Inelastic demand (supply): this means that demand (supply) does not respond to price changes. The coefficient of elasticity is less than one.
Unit elastic demand (supply): demand (supply) changes in equal proportion. The coefficient of elasticity is equal to one.

Factors that affect elasticity

The number of substitutes the good has: the more substitutes the good has, the more elastic demand is.
The length of time: demand (supply) is inelastic in the short run. In the short run, producers (consumers) do not have enough time to find suitable substitutes. In the long run, producers would have more time to search for suitable substitutes or shift to the production of other goods when compared with the short-run.
Ease of entry or exit into an industry: the more easy it is for firms to enter into an industry, the more elastic supply would be.

To learn more about elasticity of demand, please check:

7 0

2 years ago

Robert White will receive from his investment cash flows of $4,450, $4,775, and $5,125. If he can earn 7 percent on any investme

artcher [175]

Answer:

Total future value= $16,402.09

Explanation:

Giving the following information:

Robert White will receive from his investment cash flows of $4,450, $4,775, and $5,125. He can earn 7 percent on any investment that he makes.

To calculate the future value, we need to use the following formula for each cash flow:

FV= PV*(1+i)^n

Year 1= 4,450*1.07^3= 5,451.44

Year 2= 4,775*1.07^2= 5,466.90

Year 3= 5,125*1.07= 5,483.75

Total future value= $16,402.09

6 0

3 years ago

Read 2 more answers

How are logical operators used?

Bess [88]

Answer:

To identify and correct errors

Explanation:

4 0

2 years ago

You have just received your paycheck from Chick-Fil-A. You go to the bank to deposit your check in the amount of $120.00 to your

algol13

It’s $90 the last answer

8 0

3 years ago

Maggie called her insurance agent after estimating the damages. She had already spent $2,000 on pumping out the water and repair

Sonja [21]

The correct answers are B, E and D

6 0

3 years ago

Read 2 more answers