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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

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MC Qu. 138 Fortune Company's direct materials... Fortune Company's direct materials budget shows the following cost of materials
Usimov [2.4K]

Answer:

The answer is "$6,590".

Explanation:

If 50% of the purchase amount would be paid in the next month, the account payable in January will thus amount to 50% of the item purchased in January. In January, all accounts payable at the start of Dec will therefore not be added to the trade payables for January.

=\$ 13,180 \times 50\%\\\\=\$ 13,180 \times \frac{50}{100}\\\\=\frac{\$ 659000}{100}\\\\=\$ 6,590\\\\

7 0
2 years ago
Lonny (37) is a U.S. citizen. He was married at the beginning of the current tax year. His wife lived in the household until Sep
Ivenika [448]

Answer:

Head of household

Explanation:

Lonny's most advantageous filing status is the Head of Household. In order to use this filing status, it is mandated for the taxpayer to be either unmarried or considered unmarried by the year end. The taxpayer must also have paid over 50 percent of the cost of catering for a home for the year in view (either his personal home or the that of a qualifying parent)

6 0
3 years ago
What are the related areas of modern technology?<br>​
topjm [15]

Explanation:

<h3>1.) The internet of things and smart cities.</h3><h3>2.) Artificial intelligence.</h3><h3>3.) Cybersecurity.</h3><h3>4.) Quantum computing.</h3><h3>5.) Risk management.</h3>
5 0
3 years ago
In which step of the learning and development process does the employer identify if there are gaps in what new employees need to
Setler [38]

<u>Full question:</u>

In which step of the learning and development process does the employer identify if there are gaps in what new employees need to know and if those gaps can be filled by learning and development?

Selection

Implementation

Assessment

Evaluation

<u>Answer:</u>

Assessment   step of the learning and development process the employer identifies if there are gaps in what new employees need to know and if those gaps can be filled by learning and development

<u>Explanation:</u>

Assessment for Training is the means of exploring and evaluating testimony for adoption by scholars and their teachers to determine where the scholars are in their learning, where they require to run and how fine to get there. An adequate training and development program perpetually includes follow-up.

Commence assessing an employee as soon as they finish the initial training and development program. The assessment encourages you to resolve if the employee knows his or her role and employer expectations, and provides you feedback on the method so you can compose changes

3 0
3 years ago
Darwin Inc. sells a particular textbook for $29. Variable expenses are $21 per book. At the current volume of 44,000 books sold
Dvinal [7]

Answer:

The answer is A

Explanation:

To start with;

Contribution margin per unit = selling price($29) - variable cost($21)

$29 - $21

= $8 per book...

So break even sales =fixed cost(expense) / contribution margin.

Break even sales is 44,000 units and contribution margin is $8.

Therefore, fixed cost or expenses=

Break even sales x contribution margin

44,000 x $8

=$352,000

7 0
3 years ago
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