The answer to this question is D. The price elasticity of demand is greater the longer the time period under consideration.
Price elasticity of demand is a measure of the responsiveness of quantity demanded of a good to a change in its price, other things held constant. Generally, the greater the price elasticity of demand, the more sensitive consumers are to changes in the price of the good.
A. The larger an item is in one's budget, the greater the price elasticity of demand. This is generally true, as an increase in the price of a good which makes up a large portion of a consumer's budget will result in a larger change in quantity demanded than an increase in the price of a good that makes up a small portion of the consumer's budget.
B. The price elasticity of demand is greater for necessities than it is for luxuries. This is also generally true, as an increase in the price of a good which is necessary for everyday life will result in a larger change in quantity demanded than an increase in the price of a luxury good.
C. The larger the number of close substitutes available, the greater will be the price elasticity of demand for a particular product. This is true, as when a consumer has access to a large number of close substitutes, they will be more likely to switch to the substitute if the price of the original good increases.
D. The price elasticity of demand is greater the longer the time period under consideration. This is false. The price elasticity of demand generally does not change significantly over time, as long as all other factors remain constant.
The answer to this question is D
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what is business?????????????
A business is defined as an organisation or enterprising entity engaged in commercial, industrial,or professional activities.
Mr. Gupta is also considering giving his employees a raise that would increase total salaries by $35,000.00 per year. What effect would this raise have on Mr. Gupta’s income tax?
xerox, kodak, sony, and dell are all examples of brand names.
Yes, Xerox, Kodak, Sony, and Dell are all examples of brand names. A brand name is a word, name, symbol, or design that identifies and distinguishes a product or service from those of other companies.
It is a valuable asset for a company, as it helps to build brand recognition and customer loyalty. A strong brand name can also increase the perceived value of a product or service, which can lead to increased sales and higher profits.
Companies invest a lot of time, money, and effort in building and maintaining their brand names through marketing and advertising campaigns, product quality and customer service.
Overall, a brand name is an important component of a company's overall marketing strategy and can have a significant impact on its success in the marketplace.
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Roy and elisa are buying tickets for the annual school concert. Roy buys 6 adult tickets and 2 child tickets for a total of $66. Elisa buys 5 adult tickets and 4 child tickets for a total of $62.
One adult ticket and one child ticket could be priced using the following system of equations:
The cost of one adult ticket=$ 10
and the cost of one child ticket= $ 3
When we solve, we get:
One adult ticket is $10 in price.
and one child's ticket costs $3.
Detailed explanation: Let a stand for the price of one adult ticket.
and c stands for one child's ticket price.
For a total of $66, Roy purchases 6 adult tickets and 2 kid tickets.
Specifically, the following equation could be written:
6a+2c=66-----------
(1)
additionally, for a total of $62, Elisa purchases 5 adult tickets and 4 child tickets.
As a result, the equation that can be drawn from this data is:
5a+4c=62--------------(2)
Also, on solving the two equations by the method of elimination
12a+4c=132
and 5a+4c=62
-----------------------------------
7a=70
i.e. a=10
and on putting the value of a in equation (1) we get:
60+2c=66
i.e. 2c=66-60
i.e. 2c=6
i.e. c=3
Hence, the cost of one adult ticket=$ 10
and the cost of one child ticket= $ 3
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What are personal loans?
Answer:
personal loan is a specific amount of money you can borrow from the bank, with a fixed interest rate and you pay it back within a predetermined amount of time.
A $100,000 house insured on a policy with an 80% coinsurance requirement has a fire that caused $40,000 of damage; the owner has a policy with $60,000 coverage. How much can the owner collect for his loss?
Assuming the owner has a policy with $60,000 coverage. The amount that the owner collect for his loss is $30,000.
Policy coverageIn order for the total amount of a partial loss to be paid the house must be insured for at least 80 percent of its value on the date in which the loss ocur.
And since house has a policy coverage of the amount of $60,000. Based on this the minimum requirement is 75 percent which mean that the policy will pay only 75 percent of the loss or $30,000.
Inconclusion the amount that the owner collect for his loss is $30,000.
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A new study discovers the health benefits of eating fish regularly. At the same time, some consumers decide to become vegetarians. What is the effect of these events on the equilibrium price and quantity in the fish market?.
Answer:
Explanation:
Incorrect Question 18 0/5 pts A new study discovers the health benefits of eating fish regularly. At the same time, some consumers decide to become vegetarians. What is the effect of these events on the equilibrium price and quantity in the fish market? The equilibrium price rises, and the equilibrium quantity falls. The equilibrium price falls, and the equilibrium quantity rises. The equilibrium price falls, and the change in the equilibrium quantity is ambiguous. The change in both the equilibrium price and quantity is ambiguous. Incorrect Question 19 0/5 pts What happens to the equilibrium price and quantity when demand increases and at the same time supply decreases, but the demand shift is smaller than the supply shift? The equilibrium price rises, and the equilibrium quantity falls. Both the equilibrium price and the equilibrium quantity will rise. The equilibrium price falls, and the equilibrium quantity rises Both the equilibrium price and the equilibrium quantity will tal
The first step in constructing a corporate scenario is to
A) develop a common-sized financial statement.
B) construct detailed pro forma financial statements.
C) decide upon how much risk management is willing to accept.
D) analyze the societal environment.
E) use industry scenarios to develop a set of assumptions about the task environment.
The first step in constructing a corporate scenario is to Use industry scenarios to develop a set of assumptions about the task environment. The correct option is E.
The first step in constructing a corporate scenario is to use industry scenarios to develop a set of assumptions about the task environment. Industry scenarios provide insights into the potential trends, opportunities, and challenges that a company may encounter in its specific industry. By studying industry scenarios, a company can gather valuable information about market conditions, customer preferences, competitive dynamics, technological advancements, and other factors that may impact its operations.
These assumptions serve as a foundation for building a comprehensive corporate scenario that takes into account the external factors influencing the organization. Once the task environment is understood through industry scenarios, the company can proceed to develop strategies, make projections, and construct detailed pro forma financial statements to support its decision-making process.
The correct option is E.
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You submit a bid of $125 per room for 60 rooms for two nights. The group's event planner says she will award you the bid
if you come down 12%. What is the new bid to secure the contract?
The new bid to secure the contract is:$13,200.
New bid to secure the contractFirst step is calculate the cost of rooms for two night
Cost=$125 per room×60 rooms×2 night
Cost=$15,000
Second step is to calculate the new bid
New bid=$15,000-(12%×$12,000)
New bid=$15,000-$1,800
New bid=$13,200
Inconclusion the new bid to secure the contract is:$13,200.
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Consider a circle whose equation is x2 + y2 – 2x – 8 = 0. Which statements are true? Select three options. The radius of the circle is 3 units. The center of the circle lies on the x-axis. The center of the circle lies on the y-axis. The standard form of the equation is (x – 1)² + y² = 3. The radius of this circle is the same as the radius of the circle whose equation is x² + y² = 9.
According to the question of equation, the first statement is true. The second statement is false. The third statement is false. The fourth statement is true. The fifth statement is false.
What is equation?Equation is a mathematical statement that expresses the equality of two expressions by using symbols. It typically consists of an equal sign and two expressions or terms that are linked by the equal sign. These expressions or terms can contain numbers, variables, constants, and mathematical operations such as addition, subtraction, multiplication, and division. Equations are used to describe physical phenomena and solve problems.
The radius of the circle is 3 units because the equation can be rearranged to (x – 1)² + y² = 3, which is the standard form of a circle. The center of the circle lies at the point (1, 0) and does not lie on the x-axis. The center of the circle lies at the point (1, 0) and does not lie on the y-axis. The standard form of the equation is (x – 1)² + y² = 3. The radius of this circle is 3 units, while the radius of the circle whose equation is x² + y² = 9 is 3√2 units, which is not the same as 3.
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Average total cost is very high when a small amount of output is produced because.
Answer:
When average fixed cost is large.
Explanation:
alex measured the length of an item to be 3.9 cm. the actual length is 3.5 cm what is alex percent error ?
Answer:
11.42 %
Explanation:
The formula for calculating percentage error
percentage error = observed value - actual value x 100
actual value
Percentage error = 3.9- 3.5 x 100
3.5
Percentage error = 0.4 x 100
3.5
Percentage error =0.1142 x 100
Percentage error = 11.42 %
. Ali purchases $200 worth of cheese from Adil. Ali does not
agree to pay Adil in 30 days' time. Adil asked for his money in
cash. What is the double entry to record the purchase in Adil's
books?
Debi
The double entry to record the purchase in Adil's books would be:
Debit: Accounts Receivable (Ali) - $200
Credit: Sales Revenue - $200
When Ali purchases $200 worth of cheese from Adil, it creates a transaction where Adil is providing goods on credit to Ali. In Adil's books, this transaction needs to be recorded using double-entry bookkeeping.
The first step is to debit the Accounts Receivable (Ali) account. This account represents the amount owed to Adil by Ali. By debiting this account, Adil records the increase in the amount receivable from Ali, reflecting that Ali now owes $200 to Adil.
The second step is to credit the Sales Revenue account. This account represents the income generated by Adil from the sale of goods. By crediting this account, Adil records the increase in sales revenue by $200, reflecting the value of the cheese sold to Ali.
In summary, the double entry to record the purchase in Adil's books involves debiting the Accounts Receivable (Ali) account to reflect the increase in the amount owed by Ali and crediting the Sales Revenue account to reflect the increase in sales revenue.
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Which of the following types of insurance do businesses frequently offer as part
of their employee benefit plan
A. Automobile
B. Health
C. Property
D. liability
Answer:
i think is B correct me if i wrong
If someone invents a better way to produce frozen pizzas, then
A. The market supply curve for frozen pizzas will shift to the right.
B. The market supply curve for frozen pizzas will shift to the left.
C. There will be a movement up along the market supply curve for frozen pizzas.
D. There will be a movement down along the market supply curve for frozen pizzas
The correct answer is A. The market supply curve for frozen pizzas will shift to the right.
When someone invents a better way to produce frozen pizzas, it typically leads to increased efficiency and lower production costs. As a result, the supply of frozen pizzas in the market will increase. This means that at any given price level, producers will be willing and able to supply a greater quantity of frozen pizzas than before. This shift in supply is represented by a rightward shift of the market supply curve.
By increasing the supply of frozen pizzas, the inventors' improved production method allows for a greater quantity of pizzas to be available to consumers, potentially at lower prices. The market supply curve shifting to the right reflects this change in the overall supply of frozen pizzas in response to the innovation.
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The market risk, beta, of a security is equal to Group of answer choices the variance of the security's returns divided by the covariance between the security and market returns. the covariance between the security's return and the market return divided by the variance of the market's returns. None of the listed answers. the variance of the security's returns divided by the variance of the market's returns. the covariance between the security and market returns divided by the standard deviation of the market's returns.
Answer:
the covariance between the security's return and the market return divided by the variance of the market's returns
Explanation:
The market risk, beta of the security would be equivalent to the
Beta = Cov(rm, rs) ÷ Var(rm)
Rm denotes market return
rs denotes security return
Cov denotes covariance
Var denotes variance
Hence, the second option is correct
And, the rest of the options are wrong
Currently the UK market for Salt Pipes is worth €1.85m. It is estimated that over the next 3 years this will
Increase by around 225%.
04:Calculate the anticipated value of the UK salt pipe market in 3 years' time (4)
£1.85m - increases by 225%
1.85m/1000.0185
0.0185 * 1%
0.0185 x 225 4.1625
£1.85m 44.1625 s £6.0125
1
I
Answer:
€4.1635
Explanation:
The current market is worth €1.85m
In the next three years , it will increase by 225%
The value in three years time will be 225% of €1.85m
=225/100 x €1.85m
=2.25 x €1.85m
= €4.1635
Which of the following are characteristics of a scarce resource?
Choose 1 answer:
Choose 1 answer:
(Choice A)
A
The supply of the resource exceeds the demand of the resource.
(Choice B)
B
There is a fixed quantity of the resource available but no demand for it.
(Choice C)
C
There is a demand for that resource with limited supply.
(Choice D)
D
There is limited supply of a resource with no demand for that resource.
(Choice E)
E
The resource has unlimited supply and limited demand.
There is a demand for that resource with limited supply are characteristics of a scarce resource. When the demand for a natural resource exceeds the supply, resource scarcity results, which causes the stock of those resources to decrease.
As a result of rising costs that make the demand resource less accessible to those who are least well-off, this might result in unsustainable supply growth and an increase in inequality. When there aren't enough resources to meet everyone's needs, there is scarce resource. Oil is among the most well-known instances of how resource scarcity affects the United States. Local gas prices will surely climb when oil prices around the world do.
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what best defines form
Answer:
the shape and structure of something as distinguished from its material the building's massive form.
RWJ 6-3 Josephine is studying for FRL 3000 Exam, help her decide which compounding period produces the highest present value given a stated annual interest rate and a future value?
Group of answer choices
a.Monthly
b.Annual
c.Semi-annual
d.Weekly
If josephine wants to maximize the present value, she should choose a compounding period of "daily" if it is available.
the compounding period that produces the highest present value given a stated annual interest rate and a future value is "daily".
the more frequently compounding occurs, the higher the present value will be. in this case, the given s are monthly, annual, semi-annual, and weekly. however, none of these s represent compounding on a daily basis.
compounding daily would result in the highest present value compared to the given s. daily compounding allows for the interest to be calculated and added to the account balance more frequently, resulting in a higher accumulation of interest over time.
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Identify the correct statement. Group of answer choices An increase in the price level in an economy will decrease the real GDP demanded along the aggregate demand curve. An increase in the price level in an economy will increase the real value of dollar-denominated assets. An increase in the price level in an economy will shift the aggregate demand curve rightward. An increase in the price level in an economy will shift the aggregate expenditure line upward. An increase in the price level in an economy will decrease the equilibrium level of output demanded.
Answer:
An increase in the price level in an economy will decrease the real GDP demanded along the aggregate demand curve.
Explanation:
In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.
In order to understand both short-run economic fluctuations and how the economy move from short to long run, we need the aggregate supply and aggregate demand model.
Aggregate demand (AD) can be defined as the total quantity of output (final goods and services) that is demanded by consumers at all possible price levels in an economy at a particular time.
Generally, an increase in the price level in an economy will decrease the real GDP demanded along the aggregate demand curve.
Additionally, an economy's aggregate demand curve shifts rightward or leftward by more than changes in initial spending because of the multiplier effect. Also, an increase in stock prices that increases consumer wealth will most likely shift the aggregate demand curve to the right.
Lastly, a change in price level would not shift the aggregate demand curve (AD curve).
xena was a partner in the firm of xena, yolanda, and zorba.xena left the partnership and at the time she left, the partnership owed $660,000 to their creditors. how much of the $660,000 is xena personally liable for if the creditors are not paid? a. $0, because xena's obligations to existing creditors end upon her exit from the partnership. b. $220,000. c. because the partnership had no agreement on losses, xena will not be responsible for any amount since she is no longer associated with the partnership. d. she is jointly and severally liable for the full $660,000 with no right of contribution from the other partners.
If the creditors are not paid Xena is jointly and severally liable for the full $660,000 with no right of contribution from the other partners.
So, the correct answer is D.
What if the creditors are not paid?In this case, since the partnership owes $660,000 to their creditors, Xena is jointly and severally liable for the full amount with no right of contribution from the other partners.
This means that the creditors can seek payment from any or all of the partners, including Xena, for the full amount owed.
It is important for partners to have a clear agreement on how losses and liabilities will be divided in the event of a partner leaving the partnership to avoid potential disputes and financial complications.
Therefore, the correct answer is D. Xena is jointly and severally liable for the full $660,000 with no right of contribution from the other partners.
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With the help of online research, write a short report on “glocalization.”
The phenomena of Glocalization, which is best described as Thinking Globally, Acting Locally, is created when the two terms of globalisation and localization are combined.
To put it more properly, we may say that although if a single brand is produced, sold, and distributed globally, it is nevertheless personalised and customised to suit the tastes and preferences of customers in the many global marketplaces.
It is carried out since each region of the world has its own unique culture, linguistic preferences, demands, and desires.
By adjusting their offerings and products to meet the needs of that specific market, businesses may effectively position and place their items, resulting in high revenues and devoted customers.
The following are all global brands, although they cater to the demands of their customers in various parts of the world while selling items.
Chips by Lays (They sell different flavours in different parts of the world, according to the taste preference and eating habits of that country).
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Choose the best words to complete each sentence and form a true statement.
Alice is a Chinese-American student. She needs student aid to
her college education. Due to her origins, she could get a(n)
-based scholarship. She could also apply for other kinds of scholarships for which she is
. Although Alice could get a loan, she should really try getting a scholarship because money received as a scholarship is essentially
money.
Answer:
Financial; ethnicity; eligible; free.
Explanation:
Federal student loans can be defined as a form of financial aid given to college or university students with varying financial means, so as to enable them gain access to higher education.
In the United States of America, the U.S Department of Education is saddled with the responsibility of administering the federal student loans.
In this scenario, Alice is a Chinese-American student. She needs student financial aid to her college education. Due to her origins, she could get an ethnicity-based scholarship. She could also apply for other kinds of scholarships for which she is eligible.
Although Alice could get a loan, she should really try getting a scholarship because money received as a scholarship is essentially free money.
Answer:
fund, ethnicity, eligible, free.
Explanation:
plato
Write an essay about Buisness skills 150 words pls
giving 100 points
business exists only to earn profits by providing goods and services to the customers. According to the modern concept, the underlying objective of every business is customer satisfaction as this is what results in most profits. If the customer is satisfied, the business excels. something about Business goals is a predetermined target that a business or individual plans to achieve in a set period of time. These goals are often split into short-term goals and long-term goals. Business goals can be general and high level, or they can focus on specific measurable actions. One of the reasons businesses succeed is that they reach consumers first. The fastest companies to market have the best access to customers. ... It's much easier to dominate a market without competitors. If you are first to market, you are more likely to succeed, even if your product or service is substandard.
Alex invests $300 in a company. He will receive 6% simple interest annually for the next 5 years.
Answer: Simple interest 1,500
Annually compounded interest 3,363.75
Explanation:
an increase in the effective minimum wage will have less of an impact on employment if the demand for labor is:
An increase in the effective minimum wage will have a less significant impact on employment if the demand for labor is inelastic.
This means that employers are not very sensitive to changes in the wage rate, and will not reduce employment significantly when wages increase. This could occur when there is a shortage of workers or when the workers have specialized skills that are difficult to replace. In that case, employers are willing to pay a higher wage in order to retain their employees.
Therefore, an increase in the minimum wage would have a limited effect on employment in this scenario.
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Review each of the investment opportunities provided by earl investments and pima financial trading. in a three paragraph essay (a minimum of 4-5 sentences), write an analysis of these opportunities that answers the following questions. based on the evidence available to you, which investment opportunity is more likely to be fraudulent? what are the true risks of investment with this company, and does the company accurately describe these risks? what are the potential returns on an investment, and does the company accurately describe these returns?
Every investment entails certain risks and hazards. There is always some element of risk involved with undertaking any venture, whether it be with regard to real estate, stocks, goods, joint assets, or anything else.
Every investment entails certain risks and hazards. There is always some element of risk involved with undertaking any venture, whether it be with regard to real estate, stocks, goods, joint assets, or anything else. Additionally, when indicating the consent of speculating, they do include the risk element, which is frequently ignored by the financial expert at the time of marking the agreement .
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how many patents have been issued in the united states?
Answer: 399,055 patents hope this helps
Explanation:
Which describes a situation of scarcity?
Answer:
Scarce natural resources make it more difficult for producers to keep up with demand.
Explanation:
pa brainlest na din po
Answer:
"Scarce natural resources make it more difficult for producers to keep up with demand"
ABSOLUTE SCARCITY EXAMPLES INCLUDE: ... Coal is used to create energy; the limited amount of this resource that can be mined is an example of scarcity. A day has an absolute scarcity of time, as you cannot add more than 24 hours to its supply. Those without access to clean water experience a scarcity of water