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
Elis [28]
2 years ago
6

Sort the following statements based on whether demand is relatively elastic or relatively inelastic. There are four pairs of sta

tements, each pair relating to a different determinant of demand elasticity.

Business
1 answer:
son4ous [18]2 years ago
5 0

The correct matching of the given scenarios are"

  • Klaus' demand for orange juice- Relatively elastic
  • Amanda's annual demand for coffee- Relatively elastic
  • Jackson's demand for mystery novels- Relatively inelastic
  • Hermy's demand for Minute Maid orange juice- Relatively inelastic
  • Olivia's daily demand for Starbucks latte- Relatively inelastic
  • Stephen spends a very little part of his income on soda- Relatively elastic
  • Xavier's demand for his economics textbook- Relatively inelastic

<h3>What is Elasticity of Demand?</h3>

This refers to the substantial change in demand of a particular product as a result of an economic factor.

With this in mind, we can see that inelastic demand has to do with the situation where the demand does not change regardless of the price change.

Read more about elasticity of demand here:

brainly.com/question/7966430

You might be interested in
A gracious welcome by an employee at the hotel check-in counter is an example of:
hammer [34]
<span>This is the "moment of truth." These are the times at which good customer service and pleasant interactions with staff can make an experience enjoyable or it can break the trust of a customer, not to be easily repaired. Moments of truth can take place many times during an interaction or transaction, and need to be carefully monitored to make sure that the best service actions known are being taken.</span>
5 0
3 years ago
Why does a comma need to follow the word rain in this sentence?this is the following question, The weather guy said that it was
Strike441 [17]

Answer:

Eng grammar

Explanation:

Comma is Basically a 1 second pause after the word so when you say the above mentioned sentence then a one second pause is required after the word rain..

Hope I Helped

Pls mark as Brainliest.

8 0
3 years ago
Pelican Inc., a multinational oil corporation headquartered in Denmark, conducts its operations in various nations by establishi
Ivanshal [37]

Answer:

The correct answer is letter "B": franchising.

Explanation:

A Franchise is a business where one person, the <em>franchisee</em>, gains access to the proprietary knowledge, processes, and trademarks of a <em>franchisor</em>. In return for a royalty, the franchisee acquires the right to market a product or service under an existing brand name.

The customer is already familiar with the brand, so there is no need to invest additional resources to promote the product.

6 0
3 years ago
Cari Chair Company manufactures rocking chairs. The estimated number of rocking chair sales for each of the last three months of
tester [92]

Answer:

Production December=  15,000

Explanation:

Giving the following information:

Month Unit Sales

October 10,000

November 14,000

December 15,000

Finished goods inventory at the end of November was 4,000 units.

<u>To calculate the production required for December, we need to use the following formula:</u>

Production= sales + desired ending inventory - beginning inventory

Production=  15,000 + 16,000*0.25 - 4,000

Production=  15,000

4 0
3 years ago
Identify which of the following statements is false. A. The AAA balance can be​ negative, but the​ shareholder's basis in the S
astra-53 [7]

Answer:

(B) Nonmoney property distributions made by an S corporation having accumulated​ E&P are treated differently when determining the corporateminuslevel gain recognized under Sec. 311 than are property distributions made by an S corporation without accumulated​ E&P.

Explanation:

7 0
3 years ago
Other questions:
  • Which do you like better guys DELTARUNE or UNDERTALE?
    8·2 answers
  • Wilkes Manufacturing sells one product with a variable unit cost of $18. The company knows that the price charged will affect de
    8·1 answer
  • What do you call the second year of high school?
    10·1 answer
  • GDP would include all of the following except:
    5·1 answer
  • Find the coefficient of variation (to the nearest tenth percent) of the following (1,2,3,4,5).​
    7·2 answers
  • A(n) ________-based ethics code defines corporate values; creates a supportive environment, and, stresses shared accountability
    13·1 answer
  • Calculate the arithmetic average returns for large-company stocks and T-bills over this period. (Do not round intermediate calcu
    5·1 answer
  • Suppose that a coal factory emits pollution into the air and that a nearby neighborhood is harmed by this pollution. It would co
    8·1 answer
  • Brenda, a job applicant at Trade Winds Corp., discovers that the job she is applying for requires her to be a union member befor
    9·1 answer
  • _____ involves assembling, packing, labeling, checking and actually moving goods to customers by the best possible means in term
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!