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Vaselesa [24]
2 years ago
14

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

Business
1 answer:
denpristay [2]2 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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When you analyze a system using the six-phase security process, you are performing a:?
ddd [48]
<span>When you analyze a system using the six-phase security process, you are performing a security architecture study.
</span><span>The security architecture analyzes and addresses the necessities, potential risks ,</span>vulnerabilities and security threats. 
<span>It implements, operates and controls security services and processes.</span>
5 0
2 years ago
Variable costs are Group of answer choices
Alex

Answer:

B) costs that change with the level of production.

Explanation:

Variable costs are costs that change according to the total production output.

The two main cost components in the production process are fixed costs, which remain to be paid even if the firm shuts down temporarily, and variable costs, which are subject to change according to the level of production.

Therefore, the answer is alternative B)

4 0
3 years ago
George owns a custom pottery business where he makes all types of mugs and drinkware. Which of the following products would dram
liq [111]

Answer:

a. glass coffee mugs

Explanation:

As we know that the glass coffee mugs and the pottery mugs are the subsitutes goods. In the case when the price of glass coffee mugs would decline so it would more consume due to which the demand of the pottery mugs would reduced

Therefore as per the given situation, the product that impact the profit margin is option a

hence, the correct option is a.

7 0
3 years ago
Increased accountability of employees is typically caused by​ ________.
elena-s [515]
Increased accountability of employees is typically caused by organizational/business ethics. Ethics are the standards in which a business or person operate at any given time, no matter the situation or who is watching. 
5 0
3 years ago
On January 1, Enco Co. purchases a milling machine for $15,000. The machine is expected to last seven years and have a salvage v
Luda [366]

Answer:

$2,000

Explanation:

Depreciation: The depreciation is a non-cash expense that shows a decrements in the value of the fixed assets due to tear and wear, obsolesce, usage, time period, etc. It is shown on the debit side of the income statement.

The computation of the depreciation expense under the straight line method is shown below:

= (Original cost of milling machine - salvage value) ÷ (expected useful life)

= ($15,000 - $2,000) ÷ (7 years)

= ($14,000) ÷ (7 years)  

= $2,000

In this method, the depreciation is same for all the remaining useful life

6 0
2 years ago
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