Answer:
<h2>Among the answer options given in the question,athletic shoes are likely to have the most price inelastic demand.Hence,the correct answer is option A. or Athletic shoes(broadly defined).</h2>
Explanation:
In Microeconomics,price elasticity of demand basically measures the general responsiveness of the consumer to any change in the price of any particular product or service.Now,one of the criteria that determines or influences the price elasticity of demand for any product or services is the availability of substitutes.The more the number of substitutes a product has,higher will be the price elasticity of demand for that particular product.In this context,availability of substitutes depends on the categorization of description of the concerned product.For example,the more general the product category,higher will be the availability of substitute for that product and hence,higher will be its price elasticity.In this case,when we consider any general athletic shoes,there are usually less substitute products available in both domestic and international market that sell various kinds and types of athletic shoes.Therefore,the consumers have a considerably lower range of similar product categories to choose from and hence,in we consider athletic shoes in general or as a broad product category,the consumers will be relative price insensitive or price inelastic in economic language due to lower availability of consumption choices or substitutes.Now,running shoes or Nike athletic or general shoes all indicate product or brand specificity and the more specific a product becomes in terms of its category or type or the brand selling the product,higher will be the consumption choices or options or substitutes available to the customers leading to increasingly higher price elasticity of demand for those respective products.Here running shoes represent a specific or particular category within the broader shoe industry and Nike signifies a particular global shoe brand or company.Therefore,based product/brand specificity and the available of substitutes,athletic shoes in general would exhibit the most price inelastic demand in this instance.
Answer:
Fairness of Equal Outcomes: Split his wealth evenly between Terry and Tonya, Leave his money to charity instead.
Fairness of Equal Opportunity: Leave Terry his entire wealth to offset the gap between him and his sister.
Fairness of Process: Tell his kids he will leave the money to whoever does the most to take care of him in his old age.
Fairness of what is deserved or earned: Leave his money to the child whom he thinks deserves the most money.
Conductors have free electrons and they conduct electrical current very easily.
Good conductors are the following materials: copper, aluminum, gold, and silver. Glass, air, plastic, rubber, and wood on the other hand are insulators .
From the given options, only wet skin (answer D) is a good conductor of electricity.
A.<span>Checks and Debit Cards both withdraw money directly from a bank account. </span>
"By diversifying your investments" is the way among the choices given in the question that you can <span>maintain a balance between high-risk and low-risk investments. The correct option among all the options that are given in the question is the first option or option "A". I hope the answer helps you.</span>
