The critical cutoff point is typically taken to be minus one, with values less than one being inelastic and those larger than one being elastic.
When demand is inelastic, how does it act?Economics terms like "inelastic" are used to describe situations in which a good or service's quantity is fixed but its price changes. This is what is meant by inelastic demand: as prices rise, customers' purchasing patterns essentially remain the same, and when prices fall, those patterns also remain the same.
Why is demand that is inelastic desirable?Price inelasticity should be taken into account by business owners when creating their pricing strategy because it provides a number of benefits. Price inelasticity allows firms additional pricing flexibility since whether prices increase or drop, the change in demand is essentially the same.
Rigid demand: is it good or bad?Elastic products are usually required when appropriate substitutes are not accessible. The three things with the most widespread inelastic demand are utilities, prescription drugs, and tobacco products. Despite price changes, there will always be a market for certain things, therefore companies that sell them can be more flexible with pricing.
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The following types of contracts should be in writing: Contracts involving interests in land. Contracts that cannot, by their terms, be Select within one year from the day after the date of formation. Select or secondary, contracts, such as promises to answer for the debt or duty of another. Promises made in Select of marriage. Under the Uniform Commercial Code, contracts for the sale of goods priced at Select or more.
Answer:
Contracts required in writing
Explanation:
Contracts that required to be in writing to be enforceable. These contracts are never orally agreed and there is no value of such oral contracts. The contact and promise made by executor to pay debt, promises in consideration of marriage, Sale of goods priced $500 or more should be in writing.
Careers emerging to improve environmental conditions include:
sanitary engineer
red physician
environmental geologist
green architect
Answer: The answer is green architect & environmental geologist.
Explanation:
Answer:
green architect and environmental geologist
Explanation:
A loan made to the government that pays a fixed amount of interest at a
certain time is a
A. savings account
B. bond
C. stock
D. hedge fund
Answer:
B. Bond
Explanation:
Did the test.
When a loan made to the government which provides a fixed amount of interest at the end of the period, then that is treated as a bond.
Option B is correct.
What is an interest?An interest is a kind of charge being levied on the borrowed funds till its maturity. It can be based on monthly, yearly or quarterly depending upon the lender.
A type of financial security that is being tradeable in the stock market is called a bond. It can be issued by the companies or even sometimes the government in the monetary market. The investors who acquire the bonds for certain period of time, usually five years, then those investors are called as bond investors or bondholders.When the term of bond ends, that is, the maturity period, then the bond investor gets the principal amounts along with interest. There are various categories of bonds issued with varying maturities and features.Therefore, the description written in option B is correct.
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Career Cluster
If your dream is to be an elementary school teacher, the
might be best for you.
A. Education and Training
B. Human Services
C. Health Sciences
D. Training and Instruction
Answer: A
Explanation
Tom is the aerobics coordinator at a fitness center. He needs a more efficient way for his instructors to share information. Class schedules are updated on a regular basis. Instructors need to indicate when they cannot teach a class and other instructors need to be able to sign up to cover the class. Instructors also often attend training classes and learn new procedures. Having a place to share their learning and update procedures will benefit them and their clients. Cindy is taking a business class and told Tom about a great tool that will serve their needs. What was the technology tool Cindy told Tom about
Answer:
wikis technological tool
Explanation:
As regards to the case above, the technology tool Cindy told Tom about is wikis technological tool . A wiki can be regarded as collaborative tool that provides students with enablement to make contribution and to perform modifications on one or more than one pages of course related materials. This tool is collaborative in nature, as a result of this, it facilitate community-building within a course. a wiki can be regarded as a web page and a collaborative software that has an open-editing system. It was set up to
the lexicon by Ward Cunningham who was a programmer
convert the following temperature to Celsius scale (a) 450 k, (b) 273 k, (c) 73 k.
Answer: See explanation
Explanation:
To convert to Celcius scale from Kelvin, the formula to use is:
Temperature in Celcius = Temperature in Kelvin - 273
a. 450k
Temperature in Celcius = Temperature in Kelvin - 273
= 450 - 273
= 177°Celcius
(b) 273 k
Temperature in Celcius = Temperature in Kelvin - 273
= 273 - 273
= 0°C
(c) 73 k
Temperature in Celcius = Temperature in Kelvin - 273
= 73 - 273
= -200°C
why is it important to start with temporary investments that lead to permanent investments
These investments are commonly used when a business has a short-term excess of funds on which it wants to earn interest, but which will be needed to fund operations within the near future. These types of investments are usually very safe, but also have quite a low rate of return.
Stretch goals are the Multiple Choice targets that are exceptionally demanding and novel. set of goals whose primary focus is to protect organizations from being sustainable. targets that merely exhort employees in general terms to improve performance and start doing their best. goals that conflict with people's personal values and interests. goals that are high enough to inspire better performance but at the same time are always unattainable.
Answer:
targets that are exceptionally demanding and novel.
Explanation:
Stretch goals are the targets that are exceptionally demanding and novel. It is not everyone that considers or think about creating stretch goals because they are highly demanding and relatively new to the individual or business firm.
Generally, stretch goals are divided into two (2) main categories and these includes;
I. Horizontal stretch goals: it is focused on the professional development of individuals through attempting, learning and picking up difficult challenges or tasks.
II. Vertical stretch goals: these type of goals or targets are usually in tandem with the current activities in an organization such as productivity and financial outputs.
pls can someone buy me the upgrade i beg youuu :(
Answer:
no
Explanation:
how can exchange rates change to reduce the wage differential between countries
Answer:
The exchange rate is the value for which one currency can be exchanged for another. Thus, for example, 20 Mexican pesos are needed to acquire an American dollar.
Technically, it could happen that a country changes its exchange rate with respect to a hard currency (such as the Dollar or the Euro) through fixed exchange rates, in order to increase the value of the salaries of its citizens, measured in international currencies. For example, if the Mexican government fixed a parity between the dollar and the peso of value 1 to 1, the minimum wage of Mexicans would go from being worth $ 215 to multiplying by 20, that is, to $ 4,300.
Now, in practice, this situation is practically impossible, since it would imply a monetary modification in the country that makes the adjustment, since otherwise it would imply an unprecedented inflationary peak.
Why do corporations, companies, and government agencies use formal application forms?
Answer:
due to the amount of employment requests , they need a uniform document to organize records and identify candidates' skills
Explanation:
Which is considered a tertiary source?
A.) A Wikipedia article
B.) An autobiography
C.) A government record
D.) A journal entry
Answer:
A Wikipedia article.
Explanation:
A tertiary source are sources that compile info from other sources.
Answer:
B. An autobiography
Explanation:
It's a 3rd person source
Budgeting for needs
Select the items that are needs from your credit card statement
Last Month
Groceries $200
Movie rentals $15
Concert Tickets $120
Internet Services $60
Fitness Class $35
Go-Kart racing $50
I've tried so many combinations and none of them work. I assume groceries is 100% one of the options. Can't seem to find the others.
Answer:
groceries
Explanation:
How do businesses compete for customers?
Answer:
marketing team and review resources
Retail websites can most advisedly grow their email list by Group of answer choices automatically putting all customers on the broadcast email list require an email sign-up before allowing customers to shop on the site putting an email sign-up pop-up advertisement on every page of the website allowing customers to sign up for the email list during the checkout procedure
Answer:
Allowing customers to sign up for the email list during the checkout procedure
Explanation:
Mobile Shopping
This is on a rapid increase and a common trend due to the popularity of smartphones and tablets, mobile shopping is the practice of purchasing goods or services using a mobile device. There is the act of shopping online using a computer, only with a smaller screen. Mobile shoppers can complete their transactions either on a retailer's mobile site or with the use of an app.
Email marketing has information about deals that might interest its customers. Customers usually do not like stress and one of the best way to sign up for emails is during checkout time for goods bought.
Direct mail is considered a push marketing strategy since the mail is “pushed" on tourists.
A.) True
B.) False
It's True that direct mail is considered a push marketing strategy since the mail is "pushed" on tourists
What is Push marketing?"A push marketing strategy, also called a push promotional strategy, refers to a strategy in which a firm attempts to take its products to consumers – to “push” them onto consumers.
In a push marketing strategy, the goal is to use various active marketing techniques to push their products to be seen by consumers, sometimes right at the point of purchase.
One of the main objectives of push marketing is to reduce to as small as possible the amount of time that elapses between the customer seeing a product and making a purchase decision to buy the product."
Examples of Using a Push Marketing Strategy:
With a push marketing strategy, the firm takes the product to consumers. Consumers are introduced to, or reminded of, the product through any of several available push marketing methods:
Direct selling to customers – e.g., a car salesman who meets customers in the company’s auto showrooms
What is tourist?Tourism is the generic term used to cover both demand and supply that has been adopted in a variety of forms and used throughout the world.
A tourist is a person who travels away from where they live to partake in leisure or business [tourism] activities for a specified period of time.
Types of tourists vary and tourists can sit anywhere along the spectrum between allocentric explorers and mass organized holidaymakers.
Hence, option A is the correct answer
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The County Commission of Benton County adopted its General Fund budget for the year ending June 30,comprising estimated revenues of $3,200,000 and appropriations of $2,900,000.Benton County utilizes the budgetary accounts required by GASB standards.The journal entry to record budgeted appropriations will include
A) A credit to Appropriations,$2,900,000.
B) A credit to Encumbrances,$2,900,000.
C) A debit to Estimated Expenditures,$2,900,000.
D) A credit to Budgetary Fund Balance,$2,900,000.
Francis has an internship at a law firm, takes an art class, and researches colleges that offer majors in veterinary science. Which of these actions increases Francis's human capital?
A.
both the internship and the research
B.
only the internship
C.
both the internship and the art class
D.
only the research
Answer: C. both the internship and the art class
Explanation:
Human capital simply means the economic value of the skills and the experience of a worker. Human capital includes the training, health, skills, education, of workers.
From the question, Francis human capital will be both the internship and the art class as they will provide him with the needed experiences. Therefore this is a form of human capital.
Help me please... help
Answer:
Job Analysis can be understood as the process of gathering information related to the specific job. ... Job description is a document indicating what a job covers, i.e. tasks, responsibilities, duties, powers and authorities, attached to a job.
Suppose all firms follow similar financing policies, face similar risks, have equal access to capital, and operate in competitive product and capital markets. However, firms face different operating conditions because, for example, the grocery store industry is different from the airline industry. Under these conditions, firms with high profit margins will tend to have high asset turnover ratios, and firms with low profit margins will tend to have low turnover ratios.
a. True
b. False
Help me please... help
Answer:
A
Explanation:
by having lower prices there may be a chance of selling more and therefore gathering more money. if that makes any sense ?
___ requrements are courses that build knowledge and skills in a specific field.
A. major
B. general studies
C. specialization
D. elective
D. elective requrement are courses that build knowledge and skills in a specific field
Why should managers worry about product overcosting or undercosting? A. Averaging can result in inaccurate and misleading cost data. As such, companies may overinvest in products that have been overcosted, and underinvest in products that have been undercosted. B. Overcosting may result in competitors entering a market and taking market share for products that a company erroneously believes are low-margin or even unprofitable. Undercosting may result in companies selling products on which they are in fact losing money, when they erroneously believe them to be profitable. C. Overcosting products may lead to sales that acutally result in losses because the sales may bring in less revenue than the cost of the resources they use. Undercosting products may lead to the loss market share to competitors selling similar products. D. If prices of products are determined by the market based on co
Answer:
Overcosting may result in competitors entering a market and taking market share for products that a company erroneously believes are low-margin or even unprofitable. Undercosting may result in companies selling products on which they are in fact losing money, when they erroneously believe them to be profitable.
Explanation:
The manager would worry withe overcosting or understanding of product as the overcosting would be done when the competitors are entered in the market and they took the market share so that the company could trust that they are less margin while on the other hand undercosting means the company that sells the product also at the same time they are losing the money when they trust to be profitable
Determine the effect on country demoffrage's GDP for a tourist spends on a seafood dinner at a resturant
Answer:
GDP will increase
Explanation:
Gross domestic products is the total monetary value of all goods and services produced in the country. When a tourist spends on a seafood restaurant then the services produced in the country are sold and value is generated for the country. The Gross domestic product of country rises,
This type of interest is the most desirable.
a. annually
b. semiannually
c. quarterly
Answer:
semiannually
Explanation:
i need help with this problem
thank you in advanced
Answer:
Price will decrease when supply increases. Supply will increase when. Quantity exchanged will increase when supply decreases
Which phrase best completes the diagram?
Macroeconomic Goals for a Society
?
Stable prices
Economic growth
A. Increased inflation
B. Per capita GDP
C. Full employment
D. Decreased production
Answer:
Full Employment
Explanation:
just took the test
The phrase that best completes the given diagram is the full employment. Option C is correct.
What is macroeconomic?Macroeconomics is defined as a discipline of economics that studies an economy's whole performance, behavior, structure and decision-making.
This includes the economics of the country, region, and the world. The main goal of macroeconomics involves the full employment, then if the country is fully employed, this will make the prices stable and at last the economic growth occurred.
Therefore, option C is correct.
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You just celebrated your first full year in business. You earned
$100,000 in revenue and had $65,000 of expenses. The
$35,000 you have left is called your...
1. Profit
2. Sales
3. Services
4. Expenses
5. Goods
Answer:
I think its #1 bro i don't know
helppppp due in 1 minute!!!!
A bush pilot was asked to fly the perimeter of a state park to look for black bears. The state park is a rectangular shape 20 miles wide and 32 miles long. What is the perimeter of the state park?
A 52 miles
B 104 miles
C 320 miles
D 640 miles
Answer:
It is B
Explanation:
20x2 + 32x2 = 104
Which is B
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A bank with $500 million in deposits holds $35 million in vault cash, has $40 million on deposit with the Fed, and owns $50 million in government securities. If a fall in the reserve requirement ratio generates excess reserves of $25 million, and prior to the fall the bank had no excess reserves, then the former reserve ratio was _____ and the new reserve ratio is _____.
Answer:
Former Reserve Ratio was 15%
Current Reserve ratio is 10%
Explanation:
Actual reserves = Vault cash + deposit with Fed
Actual reserves = $35 + $40
Actual Reserves = $75 million.
Reserves ratio = Actual reserves / Deposits
Reserve Ratio = 15%