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Akimi4 [234]
2 years ago
13

If the government tightens up on drug dealers and raises the costs of dealing illegal drugs, then the drug addicts' dollar expen

ditures to feed their addiction will tend to: A) Decrease because their demand is price-Inelastic B) Increase because their demand is price-elastic C) Decrease because their demand is price-elastic D) Increase because their demand is price-Inelastic
Business
1 answer:
pentagon [3]2 years ago
4 0

Answer:

D

Explanation:

I'm sure the question was geared toward teaching you the difference between elastic and inelastic.

If your demand for a product does not change even if the price goes up, then the demand is considered to be inelastic.

However, the question posed to get this teaching point across made the answer almost impossible.  A drug addict's demand can drastically change from day to day depending on how readily that person can get hold of the money needed.  One day money may not be a problem so the expenditure will increase because their demand is price-inelastic.  The very next day the person may not be able to find any money at all.  Therefore, the expenditure will decrease because their demand is price-elastic

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What message is this price tag telling shoppers? (other than it is on sale)
Nata [24]

Answer: it says that but you can try to let them give it to you for 7 if they say it's 9 just damage the box a little for a discount

Explanation:

4 0
2 years ago
Under the free cash flow approach to valuation: share value equals the present value of all free cash flows. share value is foun
defon

Answer:

The correct answer is option A.

Explanation:

The present value of all free cash flows gives the share value under the free cash flow approach to valuation. It is also called a discounted cash flow valuation.

5 0
3 years ago
The simplicity of the metric system lies in the relationship of the expression of quantity (how much) based on the number ? .
Westkost [7]
The metric system is based on the number 10 so that in linear measurement, there is a mm, a cm a metre and a kilometer such that10mm = 1cm and 100 cm = 1 metre and 1000 metres = 1 kilometre. In volume, there is the ml and the litre such that 1000ml=1litre and with grams and kilograms, 1000 grams = 1 kilogram. 
7 0
3 years ago
A(n)_____a0 is a misunderstanding; a mistaken thought or idea.
lara31 [8.8K]

Answer: misconception

Explanation:

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For example, Jane will finish high school the following year and therefore, won't need to further her education. This is an example of misconception.

5 0
3 years ago
Martha is looking into investing a portion of her recent bonus into the stock market. While researching different companies, she
nata0808 [166]

Answer:

Martha

Based on the data and assuming these trends continue,

Investment in Handy Prosthetics is preferred as it would give Martha a stable long-term investment.

Explanation:

a) Data:

                                                          Handy         El Lobo Malo

                                                       Prosthetics    Incorporated

Standard deviation of stock prices = $1.05            $9.82

b) The above standard deviations measure the spread of the stock prices over their daily stock closing prices in one year.  The Handy Prosthetics' stock does not fluctuate as much as the El Lobo Malo's stock.  This reduced fluctuation in prices makes it a more stable investment than El Lobo Malo's stock.  Therefore, Martha should prefer the Handy's stock to the El Lobo Malo's stock.

6 0
3 years ago
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