Answer:
Elastic
A heart valve for heart attack victims
Red bell peppers - least elastic
Vegetables - in between
Food - most elastic
less elastic
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.
Demand is inelastic if a small change in price has little or no effect on quantity demanded.
a good that is considered a necessity usually has a less elasticity of demand.
the more narrowly defined a good is, the less elastic demand is. for example, there are many substitutes for food because it is largely defined, so its elasticity of demand would be more elastic
in the short run, demand is usually less elastic because there is a short time to find suitable substitutes. but in the long run, consumers have enough time to find suitable substitutes so demand is usually more elastic
The acid-test ratio takes the sum of cash, short-term investments, and receivables and divides the total by current liabilities. .
Acid test ratio is also known as quick ratio. It is a measure of the capability of a firm to use its short term assets to meet current liabilities. It is an example of an activity ratio.
Acid test ratio = (current asset - inventory) / current liabilities
The higher the acid-test ratio, the better the ability of a firm to meets its short term liabilities.
A similar question was answered here: brainly.com/question/1114476
The answer to this question is false
Over-buying is the #1 cause of excessive markdowns. Stores don't go out of business due to high markdowns. They go out of business because they can't move the merchandise quickly enough to bring in the required cash to meet their obligations.
Answer:
company must set aside $1,852,617.25 each year for this purpose.
Explanation:
Solution attached below