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
Answer the question on the basis of the following production possibilities table for two countries, North Cantina and South Cant
Viktor [21]
The answer is c
hope this helpful
6 0
3 years ago
On December 31, 2019, Spearmint, Inc., issued $450,000 of 9 percent, 3-year bonds for cash of $461,795. Prepare the necessary jo
Sophie [7]

Answer:

Dr Cash for $461,795,

Cr Premium on Bonds Payable for $11,795

Cr Bonds Payable for $450,000

Explanation:

Journal entries

Dr Cash for $461,795,

Cr Premium on Bonds Payable for $11,795

Cr Bonds Payable for $450,000

(Issue price of $461,795 - par value of $450,000) =$11,795

8 0
3 years ago
Read 2 more answers
The factors of production include natural resources, labor, government assistance, and entrepreneurship.
noname [10]
<span>The answer is True. The four factors mainly used for production is, Land(means natural resources and technology), labor(working people for dedication to work), capitol(investment and government assistance totally that represent services) and entrepreneurship(the activity of setting up a business).</span>
4 0
2 years ago
Read 2 more answers
One of the reasons why the AD curve slopes downward is that as theA. Price level rises, purchasing power rises.B. Price level fa
8090 [49]

Answer: Option (B) is correct.

Explanation:

If the price of a commodity decreases, as a result purchasing power of a consumer increases. This is one of the reasons why the AD curve slopes downward.

Suppose there is a fall in the price of a commodity, this will increase the demand for that commodity as well as the purchasing power of the consumer.

Because with a lower price of the commodity, individuals can buy more quantity of goods with the same level of income.

4 0
3 years ago
Partnership business can't be successful without mutual understanding?​
Lyrx [107]

Answer:

yes that's so true,it helps a lot in business

5 0
2 years ago
Other questions:
  • Jolene is warehouse custodian and also maintains the accounting record of the inventory held at the warehouse. An assessment of
    15·1 answer
  • Sales mix is a.a measure of the relative mix of a business's variable costs and fixed costs, computed as contribution margin div
    7·1 answer
  • Walborn Corporation uses the weighted-average method in its process costing system. The beginning work in process inventory in a
    14·1 answer
  • Managerial performance can be measured in many different ways including return on investment (ROI) and residual income. A good r
    15·1 answer
  • Sunny Day Manufacturing Company has a current stock price of $22.35 per share, and is expected to pay a per-share dividend of $2
    9·2 answers
  • A report that shows the financial picture of a company at a given time and itemizes assets, liabilities, and stockholders' equit
    8·1 answer
  • In what order should tasks in the writing process be completed
    10·1 answer
  • Richard makes monthly house payments that include a pro rated portion of real property taxes and insurance. The taxes and insura
    12·1 answer
  • In the context of Camp Bow Wow, which of the following is likely to be affected and shaped by founder Heidi Ganahl's inspiration
    13·1 answer
  • The prepaid insurance account had a balance of $3,000 at the beginning of the year. The account was debited for $32,500 for prem
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!