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babunello [35]
3 years ago
15

Which situation best illustrates the concept of elastic demand for a product?

Business
2 answers:
miss Akunina [59]3 years ago
4 0

Answer:

A a reasturaunt sees fewer customers each month

Explanation:

marissa [1.9K]3 years ago
3 0

Answer:

D. A restaurant begins to see fewer customers each month after

raising its prices.

Explanation:

Elastic demand describes a situation where the demand for a good or service experiences big changes due to a small price change. It means the change in demand is not proportionate to the price change.

The term elastic demand implies a stretching demand. A restaurant seeing fewer customers after raising its prices is an example of Elastic demand. The increase in prices of the restaurant products has caused a significant decline in demand.

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A source for conducting formal research would include _____. a. observations b. interviews c. written reports d. personal ideas
Anna11 [10]
The correct answer is C. Written Reports
3 0
3 years ago
Read 2 more answers
Suzie generally prepares the majority of meals for her family. Even though she always prepares meals that are high in nutrients,
Romashka-Z-Leto [24]

The correct question should be:

Suzie generally prepares the majority of meals for her family. Even though she always prepares meals that are high in nutrients, she tends to make the same meals repeatedly. Which characteristics of a healthful diet is missing from Suzie's meal planning

Answer: Variety.

Explanation:

Suzie's meals lack variety although they are highly nutritional. Variety simply means to have different options or the absence of monotony. Suzie needs to create more types of meals rather than stick to a single pattern of meal.

7 0
3 years ago
Am sorry I know that this is not part of learning but this message goes to any girl.Who loves me she knows her self.​
Karo-lina-s [1.5K]

Answer:

<h2> WELL I THINK YOU SHOULD THINK WHAT I THINK I HATE LOVE.</h2><h2>A GUY BROKE MY HEART TO CHEAT ON A GIRL NAMED CUTIE PIE. </h2><h2>BUT I STILL LOVE HIM</h2><h2>ALSO MY FRIEND HARSH IS WORRIED BECAUSE THE GIRL HE LOVES ALSO LOVES ANOTHER GUY NAMED MARTINEZ. </h2>

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7 0
4 years ago
As an incentive for customers to pay their accounts promptly, a business may offer its customers:
Harrizon [31]

Answer:

b. A sales discount

Explanation:

Usually, companies gives sales discounts to their customers to encourage them to pay on time for goods purchased by them. The aim is to enable the customers make immediate payment upon purchase of goods instead of buying them on credit.

Most businesses would prefer receiving cash immediately their goods are sold hence create an incentive in the form of sales discounts which is meant to encourage customers make prompt payment.

8 0
3 years ago
Selma Inc. is comparing several alternative capital budgeting projects as shown below:ProjectsA B CInitial investment $80,000 $1
quester [9]

Answer:

The rank will be  

1.Project C

2.Project A

3.Project B

Explanation:

The profitability index formula is

(NPV + Initial investment) ÷ Initial Investment

We have to get this index for each project

Project A ($80,000+90,000)÷ $80,000=2. 125

Project B ($120,000+ 110,000)÷ $120,00 =1.916

Project C ($160,000+ 200,000)÷$160,000 =2.25

The higher profitability index is from Project C,  then Project A and finally Project B

4 0
3 years ago
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