BUSINESS HIGH SCHOOL

The elasticity of demand isa. the level of necessity of a good or service.
b. the degree that changes in a good's price affect the quantity demanded by consumers.
c. the amount of complements and substitutes that a good or service has.
d. the change in a good's price after demand rises.

Answers

Answer 1
Answer: It's B the correct answer. Elasticity simply define as the change of the price on the deman and supply. I have studied this. So I am sure it's B. Hope I can help you

Related Questions

Joseph is consuming three units of pizza and two units of soda. The price of pizza is $5 and the price of soda is $1. If he is consuming the optimal consumption bundle and his marginal utility of the third unit of pizza is 50, his marginal utility of the second soda is:A. 50.B. 5.C. impossible to determine unless you know Joseph's income.D. 10.
5. Monopoly outcome versus competition outcome Consider the daily market for hot dogs in a small city. Suppose that this market is in long-run competitive equilibrium with many hot dog stands in the city, each one selling the same kind of hot dogs. Therefore, each vendor is a price taker and possesses no market power. The following graph shows the demand (D) and supply curves (S = MC) in the market for hot dogs.
What have modern entrepreneurs done to ensure longer terms of management?
Which advertising term refers to a short memorable phrase used to highlight the utility and “personality” of a person or thing?a. endorsement b. incentive c. sponsorship d. slogan
An effective team would never have ______.

How can poor education facilities be improved

Answers

Well, Japan experience the same problem after they lose the world war II. But they managed to revive because they allocate a lot of Government's Budget for educating their future generation. They hire a lot of highly qualified teachers to teach the kids and built a lot of schools with a really good experiment facilities.

Some of the money that people deposit into a bank eventually becomes an injection into the economy when the bank_______?A.)charges interest
B.)makes loans
C.)receives additional deposits

Answers

Some of the money that people deposit into a bank eventually becomes an injection into the economy when the bank : B. Makes loans

In the Banks . there are some people who deposit money and there are some people who borrow money.

The bank will use the money that people deposit to give a loan to the one that want to borrow the money. so technically, people who deposit money are the one who make an injection within the economy

The correct answer is

B- Makes Loans

:)

One DISADVANTAGE of entering a family business is:a) you cannot leave work by going home
b) high start-up costs
c) less job satisfaction
d) financing is especially difficult

Answers

d. financing is especially difficult

Which accounts have a normal credit balance? choose all answers that are correctA) Supplies
B) Accounts Payable
C) Cash
D) Insurance
E) Capital
F) Sales

Answers

Final answer:

Accounts Payable, Insurance, and Capital have normal credit balances.

Explanation:

The accounts that have a normal credit balance are Accounts Payable, Insurance, and Capital.

Accounts Payable is a liability account that represents amounts owed to suppliers or vendors. Insurance is an expense account that records the cost of insurance coverage. Capital is an equity account that represents the owner's investment in the business.

On the other hand, Supplies, Cash, and Sales have normal debit balances. Supplies is an asset account, Cash is also an asset account, and Sales is a revenue account.

Learn more about Normal credit balance here:

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A decline in the real GDP that occurs for at least two or more quarters is called a _______.

Answers

when a decline in the real GDP occurs for at least two or more quarters it is usually known as a recession

To survive and​ prosper, a business must gain and sustain​ ______ major competitive advantages over rival firms. A. as many as one hundred B. one C. at least several D. two E. at least fifteen

Answers

Answer:

C. at least several

Explanation:

Competitive advantage refers to a favorable situation or position a business enjoys over it's competitors owing to it's specialization or strength in performing a specific operation.

For example, in case of telecommunication, one company's competitive advantage could be superior network coverage with lower call drops than it's competitors.

In order to survive and grow, a business should try and gain competitive advantages in at least several fields and yet at the same time retain and maintain those competitive advantages over a period.

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When Joanne saw a television ad for a large retail chain of jewelry stores, she was impressed with the money-back guarantee that the company offered on its jewelry. However, when she later heard an identical audio portion of the ad on the radio, she was unimpressed with the guarantee. This differing perception of ads as a result of the medium in which they appear is caused by the ________ effect.