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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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According to my opinion, what the agent did wrong is that he asked him to write the answers of the questions two more times because when we write again and again the same thing our handwriting changes.And what the agent did right is that he influenced him to compose all that he says as he directs the data to the suspect because in this way they can see whether the handwriting matches it or not.
5 0
3 years ago
Which of the following businesses poses the highest degree of difficulty in e-commerce? Portals and infomediaries Businesses suc
koban [17]

Answer:

Businesses that rely on a physical infrastructure.

Explanation:

e-commerce is a short for electronic commerce and it can be defined as a marketing strategy that deals with meeting the needs of consumers, by selling products or services to the consumers over the internet.

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In view of the above details, businesses that rely on a physical infrastructure poses the highest degree of difficulty in e-commerce because it's only dependent online retailing.

3 0
3 years ago
If retained earnings decreased during the year, and no dividends were paid, which of the following statements must be true? (A)
Fynjy0 [20]

Answer:

The answer is (A) Expenses for the year exceeded revenues.

Explanation:

If retained earnings decreased during the year, and no dividends were paid this would mean the company would have made a loss in the financial period.  A loss occurs when expenses  for the year exceed revenues.

3 0
3 years ago
Between 1994 and 2006, Fort Myers home prices have increased Faster than the rate of inflation. Using your knowledge of markets,
igor_vitrenko [27]

Answer: The market for homes will be higher when there is increase in the amount of homes being built. In addition, the location of a house determines the cost of the house. For instance, a house located in an urban environment will cost more than the one located in a rural area. Irrespective of having the same components or features, the price will always vary.

Explanation:

Fort Myers is a commercial centre of Lee County, Florida. It is a major tourist destination in Florida. It is a metro city with job markets and a nice quality of live. Between 1994 and 2006, the prices of Fort Myers homes increased more than the rate of inflation. This is due to the quality of life and location of Fort Myers. An increase in the number of houses built increaseD the market for homes. This raised the price of houses higher than the inflation rate.

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3 years ago
Question 6 of 10
Fiesta28 [93]

Answer: A

Explanation: Apex

5 0
3 years ago
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