1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.
You might be interested in
Broze Company makes four products in a single facility. These products have the following unit product costs: Products A B C D D
Tems11 [23]

Omg that's lot sorry I don't know

4 0
3 years ago
ssume that interest rate parity exists. You expect that the one-year nominal interest rate in the U.S. is 7%, while the one-year
EleoNora [17]

Answer:

The answer is A. $5,784,000

Explanation:

[(1.08)/(1.11)] -1 = -3.6%

Thus one year forward rate is 0.60*[1 +(0.036)] = $5784

$5784 * 10 000 000= <u>$5,784,000</u>

8 0
3 years ago
How can a firm increase the life of a product without involving product changes? a. reintroduction b. product extension c. new p
Vitek1552 [10]

When a firm is experiencing lesser profit it can come up with different strategy to improve its present product rather than developing new product because improving present product involves lesser cost therefore more profit. The answer is B. Product Extension and C. New product placement.

Reintroduction is one way, it is launching the product using more creative sales and marketing strategy. It can target a new market segment, provide more information about the product and use more appealing advertisements. The product’s packaging can also be changed to make it look more attractive and fresh.

Product extension can be use as it is targeting a new market. It can involve exporting the products. This strategy may be costly but when successful will level up your product’s quality as it passed exporting quality. It is changing the market NOT the product.

New product Placement is a strategy where in the products are advertised by placing it in media. The products are shown for example in movies, the character uses the products that way it can give awareness to the viewers how the products can be used and also the brand and name of the products are advertised without direct reference to the product. It doesn’t involve changing the product’s feature only the product placement is changed to a new one.

<span>Rebranding can also be used. It is introducing your product with a new name, changing the product’s name not only its packaging but the total appearance. It gives the product a whole new image to target new image audience or expand its audience.</span>

3 0
3 years ago
What is the reason for putting yourself on a budget?
choli [55]

Answer:

C

Explanation:

Helps you gain control of your finances and helps you achieve goals

7 0
2 years ago
An entrepreneur borrows $500,000 today. The interest rate is 11.5%. If the entrepreneur makes annual payments of $70,000 per yea
love history [14]

Answer:

After 18.44 year loan will be paid

Explanation:

We have given an entrepreneur borrows $500,000 today.

So total amount is $500000

Annual payment is of $70000

Rate of interest r = 11.5 %

We have to find the time period

We know that total amount is given by

A=P(1+\frac{r}{100})^n, here A is total amount , P is yearly paid amount, r is rate of interest and n is time period

So 500000=70000\times (1+\frac{11.25}{100})^n

7.142=1.1125^n

Taking log both side

log7.142=nlog1.1125

n\times 0.0463=0.8538

n = 18.44 year

So after 18.44 year loan will be paid

6 0
3 years ago
Other questions:
  • Three sources of flexibility in completing primary and support activities are particularly useful for firms using the integrated
    6·1 answer
  • On April 1, Wildhorse Company borrows $120,000 from West Bank by signing a 6-month, 6%, interest-bearing note. Prepare the neces
    5·1 answer
  • Genetically modified soybean seed is an example of a new technology that has increased productivity. as a result, this new techn
    15·1 answer
  • The relationship between two variables that are unrelated can be shown by​ ______.
    8·1 answer
  • Suppose it is 1810. what advice would you give tecumseh to help him be more successful in his goals than he actually was?
    13·1 answer
  • * Help you guys please* Would you be willing to pay extra money to use nitrogen in your tires? Explain why or why not
    10·1 answer
  • A firm has $300 million of assets that includes $40 million of cash and 10 million shares outstanding. If the firm uses $30 mill
    6·1 answer
  • What are the differences between the​ long-run equilibrium of a perfectly competitive firm and the​ long-run equilibrium of a mo
    12·1 answer
  • Galaxy Air, previously a no-growth firm, has two million shares outstanding. Until now, it consistently earned $20 million per y
    6·1 answer
  • a segment should probably be dropped when the segment blank . multiple select question. has a positive segment margin but cannot
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!