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3 years ago

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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g sold their home (sales price $960,000; cost $260,000). All closing costs were paid by the buyer. Mitch and Michelle owned and

Llana [10]

Answer:

$700,000

Explanation:

Data provided in the question

Sales price of the home = $960,000

Cost price of the home = $260,000

Based on the above information,

The computation of the amount of gain included in gross income is shown below:

= Selling price of the home - cost price of the home

= $960,000 - $260,000

= $700,000

Hence, the amount of gain i.e $700,000 is included in the gross income

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3 years ago

NEED THIS SUPER FAST! ASAP!!!

IrinaVladis [17]

Answer:

William James an American philosopher and psychologist. James was born into a wealthy family which lived in New York at the time of his birth. In 1861 James began his scientific studies at the Lawrence Scientific School of Harvard College. He then, in 1864, took up medical studies at Harvard Medical School. James finally earned his MD degree in June of 1869 but he never practiced medicine.

William James gained widespread recognition with his monumental "The Principles of Psychology," which was published in 1890. James held a in line with pragmatism, and declared that the value of any truth was utterly dependent upon its use to the person in which had held it. In his search for truth and assorted states of psychology, William James developed his two-stage model of free will. In this model, James tries to explain how it is people come to the creation of a decision and what factors are involved with it it.

Explanation:

3 0

3 years ago

First Federal loaned Madeline $20,000 to purchase a new van. The van was for Madeline's personal and family use. First Federal's

ivanzaharov [21]

Answer: False

Explanation:

First Federal's security interest is indeed a Purchase Money Security Interest (PMSI) but it doesn't only perfect upon filing a financing statement.

The PMSI can also be perfected by POSSESSION specifically of TANGIBLE CHATTEL PAPER which is simply a document that states that the holder is owed money and has a security interest in the goods associated with the debt.

In this case that Tangible Chattel Paper can be the car's title which can indicate the car loan as a security Interest.

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3 years ago

Calculate the presentvalue of $5,000 received five years from today if your investments pay a. 6 percent compounded annually b.

kaheart [24]

Answer:

Given:

Amount = $5000

Tenure = 5 years.

Future value = $Present value\times (1+r)^{n}$

where

n is number of periods

r is rate per period.

(a) 6% compounded annually.

Interest is compounded annually

No of periods in 5 years = 5

Future value = 5000 $(1+0.06)^{5}$ = 5000 × 1.33823 = $6691.15

(b) 8% compounded annually

Interest is compounded annually

No of periods in 5 years = 5

Future value =5000 $(1+0.08)^{5}$ = 5000×1.46933 = 7346.65

Interest is compounded annually

No of periods in 5 years = 5

Future value = 5000 $(1+0.10)^{5}$ = 5000×1.61051 = $8052.55

(d) 10% compounded semiannually

Interest is compounded semiannually

No of periods in 5 years is 5*2 = 10

Rate per period = 10÷2 = 5%

Future value =5000 $(1+0.05)^{10}$ = 5000×1.62889 = $8144.45

(e) 10% compounded quarterly

Interest is compounded annually

∴No of periods in 5 years = 5×4 = 20

Rate per period = 10÷4 = 2.5

Future value = 5000 $(1+0.025)^{20}$ = 5000×1.63862 = $8193.10

5 0

3 years ago

SCENARIO:

nydimaria [60]

Answer: b. Yes, he can subpoena records during the discovery process from both, but the bank and the app store may ask the judge to deny the request or limit the request due to privacy concerns.

Explanation:

Marcus can indeed compel the bank or the app store to provide additional information about the creator of the app should he wish to find out the creator's location and its potential assets so he can purse the case appropriately legal wise.

He can do this by subpoenaing the required information when laying the background for the suit. As this information is considered private and confidential however, both the bank and the store could appeal to the Judge to refuse Marcus's request on the grounds of privacy concerns.

8 0

3 years ago