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Vaselesa [24]
3 years ago
14

What is the difference between elastic and inelastic demand? Give 5 points?

Business
1 answer:
denpristay [2]3 years ago
5 0

Explanation:

Elastic demand means there is a substantial change in quantity demanded when another economic factor changes )

inelastic demand means that there is only a slight (or no change) in quantity demanded of the good or service when another economic factor is changed.

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Invertebrates have a (an) ____ which provides a support framework.
andrew11 [14]
<span>Invertebrates is the largest group in the animal kingdom. 97 percent of all animals are invertebrates. Their main characteristic is that they </span>do not have backbones.<span>
Invertebrates have an </span>exoskeleton which provides a support framework.Exoskeleton<span> is an external anatomical feature that supports and protects the animal's body. </span>
8 0
4 years ago
Molly, a successful real estate salesperson, took some time off to stay at home with her first child. Days turned into weeks, we
Mariana [72]

Answer:

No

Explanation:

A licensing agreement is a partnership between an intellectual property rights owner (licensor) and another who is authorized to use such rights (licensee) in exchange for an agreed payment (fee or royalty).

Molly cannot simply pick up where she left off because two years after the license expires, all license rights lapse. Molly must re-qualify through the examination process before being licensed in real estate once again.

7 0
4 years ago
Which of the following would be relevant in the make or buy decision? Direct materials Depreciation on equipment with no resale
jolli1 [7]

Answer:

B) Yes No

Explanation:

Materials cost are incremental and relevant whereas Depreciation on equipment with no resale value are irrelevant.

4 0
3 years ago
What is the relationship between changes in the money supply and changes in the reserve requirement
EastWind [94]

Answer:

Reserve requirements have an indirect relationship with the money supply

Explanation:

Reserve requirements are a portion of customer deposits a  bank is supposed to keep in its custody at all times. The federal reserve gives guidance on the proposition of reserve requirement that a bank should hold. Reserve requirement is usually a percentage of the deposits. Banks cannot loan out their reserves.

Reserve requirements have an inverse relationship with the money supply in the economy. If the reserve requirement is high, banks will have a lower proposition of customer deposits to loan out. When reserve requirement is low, banks will have a bigger proposition of deposits to loan out, thereby increasing the money supply in the economy.

3 0
4 years ago
To determine if a product should be considered ___, it can be compared with existing products or its level of required consumer
jarptica [38.1K]

Answer:

new

Explanation:

If the product is truly new, it is bought by novelty fans, snobs; This phase would be equivalent to that of the early childhood of the human being.

The product at this time is new and unknown, so it is necessary to spend some time in publicizing the product and gaining market acceptance. Sales start and grow very slowly. The benefits are non-existent in almost all this phase. The time when they start to occur usually coincides with the end of this stage.

That is why it is said that in addition to the FTC having a legal definition of the same, it is defined by the experienced consumer.

5 0
3 years ago
Read 2 more answers
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