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OlgaM077 [116]
3 years ago
15

if the demand for a product is inelastic, which of these statements must be true? a)people will not buy any of the product when

the price goes up. b)a price increase does not have a significant impact on buying habits. c)customers are sensitive to the price of the product. d)there are very few satisfactory substitutes for the product.
Business
2 answers:
Oksana_A [137]3 years ago
6 0

Answer: the correct answer is b

Explanation:

Vanyuwa [196]3 years ago
3 0
The statement that must be true about the demand for a product if it is inelastic is that, a price increase does not have a significant impact on buying habits. The correct answer would be option B. When the demand is inelastic, this situation means that the demand for a product does not decrease nor increase in corresponds to the rise or fall of its price.
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Suppose a wet and sunny year increases the nation's sweetcorn crop by 20%. How will this affect the market for frozen peas,a sub
Soloha48 [4]

Answer:

d) decease in demand

Explanation:

When the produce of sweet corn crop rises by 20%, this would lead to an increase in supply. With increase in supply, the price of sweet corn shall fall, which would lead to an increase in demand as now consumers will consume more of sweet corn.

Since the relationship between price of a good and demand for it's substitute is positive, the demand for the substitute shall fall.

Thus, demand for frozen peas shall decrease as demand for sweet corn has increased.

5 0
3 years ago
Nce managers of The Grecian Urn have decided on their product concept and marketing strategy, they can evaluate the business att
Nataliya [291]

Answer:

2. feasibility study

Explanation:

A feasibility study is done to analyse whether for example a school should or not expand the building open new sections and so on. the study also evaluates for labor and work in progress. It is an analysis of a proposed project to determine whether it is feasible and should go further. Feasibility is further divided into different categories such as economical , technical, operational etc. It aims to check the competitiveness of the business in the market and check its economic growth.

6 0
3 years ago
John is 17 years old and he earned $3,500 in a summer job. His grandparents just gave him a gift of $5,000 to help him learn fin
Lerok [7]

"John is 17 years old and he earned $3,500 in a summer job. His grandparents just ..."John can contribute $3,500  to an IRA. This is further explained below.

<h3>What is IRA?</h3>

Generally, For those looking to save and invest for their retirement, an individual retirement account (IRA) is a kind of savings account that offers favorable tax treatment.

In conclusion, "John, who is just 17, worked all summer and saved $3,500. Just recently, his grandparents..." John has an annual IRA contribution limit of $3,500.

Read more about IRA

brainly.com/question/14936548

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5 0
2 years ago
In its 2021 income statement, Cohen Corp. reported depreciation of $3,700,000 and interest revenue on municipal obligations of $
ella [17]

Answer:

The correct answer is $300,000.

Explanation:

According to the scenario, the computation of the given data are as follows:

First we calculate the difference in depreciation,

So, difference in depreciation = $5,500,000 - $3,700,000 = $1,800,000

As, Depreciation is for 3 years,

So, depreciation per year = $1,800,000 ÷ 3 = $600,000

Now, we can calculate the deferred income tax liability as follows:

Deferred income tax liability = $600,000 × 20% + $600,000 × 15% + $600,000 × 15%

= $120,000 + $90,000 + $90,000

= $300,000

5 0
3 years ago
Asking yourself "What can I do to build a loyal customer base?" is an example of A. research. B. multitasking. C. bottom line. D
rewona [7]
I think D because people like creativity

6 0
3 years ago
Read 2 more answers
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