Option (a), A good with several close substitutes is likely to have somewhat elastic demand because consumers can simply decide to buy one of the close replacements if the price of the good increases. The least elastic demand is for gold jewelry.
When a commodity has close substitutes, the demand elasticity will be present, correct?The demand elasticity of goods with near replacements is calculated as the percent change in the amount demanded of one thing by the percent change in the price of a substitute product. This equation is referred to as the cross elasticity of demand.
Why does demand for items with lots of near replacements tend to be elastic?Price adjustments may force consumers to pass on a product they would otherwise buy in favor of a similar one. When an item has several near substitutes, demand is frequently flexible because buyers can switch between them.
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as a philosophy for business ethics, utilitarianism focuses attention on the need to__________________
As a philosophy for business ethics, utilitarianism focuses attention on the need to weigh carefully all of the social benefits and costs of a business action.
How do ethics and law relate?Governments create laws as regulations to maintain social harmony and safeguard their population. Ethics are rules created by organisations or society to determine what is right and wrong. Like it is illegal and unethical to occupy a female-only seat in the metro.
What distinguishes law from business ethics?These two terms differ just a little bit while being closely connected. Laws are the laws and regulations that are established by the government, whereas ethics are the moral ideals and principles that are socially adapted from the environment.
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T/F: Entrepreneurs and business-owners of high uncertainty avoidance cultures will be more willing to take risks and make changes.
False; Hofstede's avoidance of uncertainty dimension assessed the degree to which various civilizations trained their inhabitants to accept confusing circumstances and tolerate ambiguity.
What impact does business high uncertainty avoidance have?It has also been observed that a high level of uncertainty avoidance is linked to less risk-taking and more bureaucratic functioning. When business negotiators have a mandate from high management, this could be an issue. High uncertainty avoidance cultures may also encourage people to think ahead and make plans, thereby lowering the likelihood that they would make poor decisions. In addition, people may be less willing to take chances and consider novel concepts in a culture with such a high uncertainty avoidance.
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How many sectors are there in the environmental services pathway? Question 4 options: 5 3 4 6
Answer:
5
Explanation:
There are 5 sectors in the environmental services pathway.
which of these is a psychological influence on the consumer behavior decision process?
Perception and belief system is a psychological influence on the consumer behavior decision process.
What do psychological influences entail?
The characteristics of your personality known as psychological qualities may limit or aid your ability to think. Depending on your personality, something as simple as communicating can be made either very tough or very easy.
What is consumer behavior?
Consumer behavior is the study of persons, groups, or organizations and all behaviors related to the purchase, use, and disposal of goods and services. Consumer behavior is the study of how a person's emotions, attitudes, and preferences affect their decision to make a purchase.
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What restrictions on business speech are allowed by the First Amendment? Choose 2 answer choices.
Limitations on advertisements for alcohol
A billboard for a hotel on an urban highway
Some advertising venues for tobacco
Business political contributions to a controversial candidate
The First Amendment allows limitations on advertisements for alcohol and some advertising venues for tobacco as restrictions on business speech. Thus, option A and C is the answer.
The First Amendment of the United States Constitution protects the right to free speech, which includes commercial or business speech. The government may impose some restrictions on business speech if they serve a substantial government interest and are narrowly tailored to achieve that interest.
Two examples of such restrictions are limitations on advertisements for alcohol and some advertising venues for tobacco. The government may restrict these types of commercial speech to protect public health and safety. A billboard for a hotel on an urban highway and business political contributions to a controversial candidate are not necessarily restricted by the First Amendment, as they do not implicate public health and safety concerns.
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michael is a case manager for a group home. stan is a man with severe developmental disabilities who lives at the group home. michael needs to seek medical coverage for stan. which government program will michael likely seek out?
Medicare. The government program will Michael likely seek out will be Medicare.
A manager is someone who is responsible for, or "leads", a part of a company.
Managers can be held accountable to their departments and the people who work there. In some cases, managers are responsible for the company as a whole/total.
For example, a "Restaurant Manager" is responsible/accountable for the entire restaurant.
A manager is a person who primarily performs administrative functions. Must have authority to hire, fire, discipline, evaluate performance, and monitor attendance.
You also need the authority to approve overtime and vacation. he or she is their boss.
A manager's tasks also include managing employees/ parts of the company in their daily work.
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other things equal, if consumers believe that gas prices will rise in a week, the demand for gas today will . multiple choice question. increase not change be lower than next week decrease
All other things being equal, demand for gas today will (A) increase if individuals believe that gas prices will rise in a week.
What is demand?The quantity of a good that consumers are willing and able to buy at different prices during a specific time is known as demand in economics.
The demand curve is another name for the relationship between price and quantity demand.
Demand for a given product depends on a variety of factors, including perceived need, price, perceived quality, convenience, alternatives offered, buyer preferences, and disposable money.
For instance, the first slice of pizza that a customer purchases when they are hungry will be the one with the most utility.
If people anticipate that gas prices will increase in a week, demand for gas today will rise, all else being equal.
Therefore, all other things being equal, demand for gas today will (A) increase if individuals believe that gas prices will rise in a week.
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Complete question:
Other things equal, if consumers believe that gas prices will rise in a week, the demand for gas today will ____.
multiple choice question.
A. increase
B. not change
C. be lower than next week's
D. decrease
Why isn't brinly letting me watch a video to get my answer? I woke up and started doing hw, there was this question I didnt seem to understand and i came on here and it wont let me watch a video, like the skip button is gone
Answer: try and turn off the device you are using and turn it back on then it should start back working
Explanation:
patent-holding companies that file lawsuits to enforce their intellectual property rights are often called question 21 options: patent profiteers. patent zombies. patent gangsters. patent trolls. patent blackmailers.
Companies that aggressively pursue the protection of patent rights through litigation or threats of lawsuit are known as patent assertion entities (PAEs), also known as patent trolls.
What is an example of a patent troll case?
Patent profiteers, patent zombies, patent gangsters, patent trolls, and patent blackmailers are just a few of the 21 names that patent-holding companies that file lawsuits to maintain their IP rights may go by. A "patent troll" is a company that buys other people's patents and then uses them as a negotiating chip in court cases. An example of this is Acacia Research Corporation, which buys patents (or "collaborates" with" patent owners) in order to sue companies and split the settlement money.
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industry analysis is primarily concerned with a corporation's question 17 options: internal environment. societal environment. task environment. economic environment. sociocultural environment.
Industry analysis is primarily concerned with a corporation's task environment. Because it aids in making crucial judgements about the market or a product, the task environment of a company is the main focus of industry analysis. The answer is OPTION C.
Finding possibilities and risks for corporation's in a competitive setting is the learning purpose for the industry study. They must to be able to understand how the numerous forces at play in an industry either increase or decrease the likelihood of survival. A strategic technique for identifying and evaluating the internal and external components of a corporate environment is an environmental analysis, often known as an environmental scan.
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if the only change a firm has is an increase in its direct labor costs, its overhead costs increase. conversion costs increase. conversion costs decrease. overhead costs decrease.
It's not always the case that a company's overhead expenses or conversion costs will rise or fall if its direct labour costs rise.
A rise in direct labour expenses will result in an increase in conversion costs, which are the sum of the costs of direct labour plus overhead. However, the effect on overhead costs depends on a number of variables, including the type of the rise in direct labour expenses (for example, a wage increase or improved productivity), the firm's total cost structure, and the effectiveness of its cost management system. Overhead expenses may rise as well if efficiency improvements or cost savings in overhead costs do not compensate for the rise in direct labour costs. However, it may be feasible for overhead costs to drop even with an increase in direct labour costs if the company is able to control its expenses properly.
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five siblings have ownership rights to a property. if a refinance transaction affecting the property is subject to rescission, how many of these individuals must submit a rescission notice in order to void the loan?
. a a a a a a If a refinance transaction involving a property is subject to rescission and there are five siblings with ownership rights to the property.
To revoke or invalidate a loan transaction, a borrower must provide a lender with a rescission notice. . a a a a a To exercise this entitlement, the borrower must provide the lender with a written notice of rescission. The lender must get the notice within three days of it being sent, whether it was delivered via mail, telegram, or another written medium. The borrower may forfeit their ability to cancel the loan if they fail to file a rescission notice within the deadline.
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organizational behavior can best be described as question 32 options: a) complex. b) confusing. c) effortless. d) simple. e) insignificant.
Organizational behavior is the study of how individuals and groups behave within an organization ,it the organization's performance. It is a complex and multidisciplinary field that draws on theories and concepts from psychology, sociology, anthropology, economics, and management.
Organizational behavior involves analyzing and understanding factors such as individual and group dynamics, motivation, communication, leadership, power, culture, and change management. It seeks to explain how individuals and groups interact with each other, and how these interactions affect the overall functioning of the organization. Given the complexity of organizational behavior, it cannot be described as effortless or insignificant. It requires a deep understanding of human behavior and the ability to apply theories and concepts to real-world situations. While it may be confusing to those who are not familiar with the field, for those who study it, it is a challenging but rewarding area of study that can help organizations improve their performance and achieve their goals.
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wendy decided to take an extra shift at burger king where she works for minimum wage rather than spend time at the horse stables yesterday. the opportunity cost of her decision was
The time Wendy could have spent at the horse stables was lost due to her decision to work an additional shift at Burger King, where she earns minimum money.
A stable is a structure where animals, particularly horses, are kept. Most frequently, it refers to a structure that is separated into distinct stalls for various types of animals. Stables today come in a wide variety of varieties.
Most horse owners agree that there is no more pleasing sight than a row of newly furnished stalls, each with a mound of hay and a bucket full of fresh water. To humans, this appears secure and comfy, but your horse may feel differently.
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A constraint in a decision is a restriction placed on ______to the problem at hand
A decision-making constraint is a limitation imposed on potential solutions to the issue at hand.
The required details about potential is mentioned in below paragraph.
Potential typically refers to a skill that is still being developed. The phrase is used in a wide range of disciplines, from physics to the social sciences, to describe things that are capable of changing in a number of ways, from the straightforward release of energy by objects to the realization of skills in individuals. In his works Physics, Metaphysics, Nicomachean Ethics, and De Anima, which is about the human psyche, the philosopher Aristotle incorporated this idea into his theory of potentiality and actuality,a pair of interconnected ideas he used to study motion, causation, ethics, and physiology.
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which one of the essential managerial tasks are managers performing when they articulate a clear vision and energize members to achieve organizational goals?multiple choice question.controllingleadingstrategizingorganizingplanning
Option B. Leading is the essential managerial task that managers are performing when they articulate a clear vision and energize members to achieve organizational goals.
Leading involves inspiring and motivating employees to work towards a common vision and goals, and providing direction and guidance to achieve them. When managers articulate a clear vision and energize members, they are providing a sense of direction and purpose for the organization, and helping to create a culture of shared values and beliefs. This can help to increase employee engagement, commitment, and motivation, and ultimately contribute to the achievement of organizational goals.
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Which one of the essential managerial tasks are managers performing when they articulate a clear vision and energize members to achieve organizational goals? multiple choice question.
A. controlling
B. leading
C. strategizing
D. organizing
E. planning
What is a relationship formed by a number of independent business owners who join together?
A franchise is a relationship formed by a number of independent business owners who come together to manufacture and distribute a product or service. Franchising is often used to rapidly expand a business while allowing franchisees to benefit from the franchisor's success.
It is a form of business organization in which the business owner, referred to as the franchisee, pays a fee to the franchisor in exchange for the right to use the franchisor's business model, trademarks and other intellectual property. The franchisee also receives ongoing support from the franchisor such as marketing, training and access to a network of other franchisees.
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the best economic models have an unusual combination of characteristics. they are both responses useful and simple. useful and simple. linear and inverse. linear and inverse. graphical and numerical.
The correct answer is B. The best economic models are useful in explaining the real world and they are also simple enough to be understood and applied by non-experts.
A good economic model must balance between being too complex to be practical and oversimplified to the point of being unrealistic. The model should be able to explain complex economic phenomena in a straightforward way. Economic models should be both useful and simple, meaning they must be able to capture the essential features of the phenomenon being studied while remaining easy to understand and use. Useful models should be able to help us answer important questions or make predictions about real-world events. Simple models are preferred because they tend to be more intuitive, easier to communicate and apply, and more likely to yield useful insights. The other options, linear and inverse or graphical and numerical, refer to different types of models or tools that can be used to build or analyze economic models, but they are not necessarily the best or most important characteristics of a good economic model.
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The best economic models have an unusual combination of characteristics?
A. they are both responses useful and simple.
B. useful and simple.
C. linear and inverse.
D. linear and inverse.
E. graphical and numerical.
discuss the role of transportation in the supply chain. provide examples of how transportation can positively and negatively impact supply chain performance.
Transportation plays a critical role in the supply chain by enabling the movement of goods from suppliers to manufacturers, distributors, retailers, and ultimately to end consumers.
Transportation in the supply chain is a key component of logistics, which involves the planning, execution, and control of the movement of goods and materials.
Positive impacts of transportation on supply chain performance include:
Improved lead times: Transportation helps to reduce the time it takes to move goods from one point to another, enabling faster delivery times and more efficient supply chain operations.Increased flexibility: The ability to transport goods quickly and efficiently provides greater flexibility in responding to changes in demand or supply chain disruptions.Cost savings: Transportation can help to reduce costs by optimizing routes, consolidating shipments, and leveraging economies of scale.Enhanced customer service: Reliable and efficient transportation can lead to improved customer satisfaction through faster delivery times and more accurate order fulfilment.Negative impacts of transportation on supply chain performance include:
Increased costs: Transportation costs can be a significant part of the overall supply chain costs, and can be impacted by fuel prices, regulations, and other factors.Supply chain disruptions: Transportation disruptions such as traffic congestion, weather events, or capacity constraints can cause delays, increased costs, and decreased service levels.Environmental impact: Transportation can contribute to environmental issues such as air pollution and greenhouse gas emissions, which can have a negative impact on sustainability and social responsibility.Quality concerns: Poor transportation conditions, such as rough handling, temperature fluctuations, or exposure to weather conditions, can impact the quality of goods and materials in transit.Examples of transportation in the supply chain include:
Rail transportation: Used for long-haul transportation of bulk goods such as coal, grain, and chemicals.Truck transportation: Used for regional and local transportation of goods, such as consumer products and perishable goods.Air transportation: Used for high-value, time-sensitive goods, such as pharmaceuticals and electronics.Water transportation: Used for transportation of large quantities of bulk goods over long distances, such as crude oil and containers.Know more about the role of transportation in the supply chain - https://brainly.com/question/28207732
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assume that suvs are normal goods. data shows that household income increased in 2021, and the chip shortage has decreased the supply of cars and suvs. as a result, you can expect
We can anticipate that the price of cars has gone higher due to the chip scarcity, which has reduced the Supply of cars.
Supply: What Is It?A basic economic notion of supply refers to the total amount of a given commodity or service that is made available to consumers. When shown as a graph, supply can refer to the amount that is offered at a set price or the quantity that is offered over a range of prices.
Does greater supply equate to lower prices?When demand is constant, there is a inverse correlation between supply and the cost of products and services. Prices tend to drop to a lower price level and a greater equilibrium quantity of goods and services if supply in goods and services increases while demand stays the same.
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The asset section of a balance sheet normally presents assets in: A) Alphabetical Order B) Order of Largest to smallest dollar amounts C) In the order what will be converted into cash D) No order
The asset section of a balance sheet normally presents assets in the order what will be converted into cash.
In what sequence are assets normally reported in the asset part of the balance sheet?
The assets on the balance sheet are stated in the order that they would generally take to be converted into cash. This is referred to as the liquidity order. Marketable securities, receivables, stock, fixed assets, and cash are therefore always reported in that sequence.
What is listed in the asset part of a balance sheet?
Your practice's assets are the things it owns and that are worth money. Your assets include material possessions like cash, stocks, and privately owned real estate and equipment, as well as marketable securities (investments), expenses that have already been paid in full, and money that is owed to you (accounts receivable) from payers.
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find the average rate of change in revenue if the production is changed from 954 car seats to 1,031 car seats. round to the nearest cent. $ per car seat produced
The average rate of change in revenue if the production is changed from 954 car seats to 1,031 car seats. round to the nearest cent. $ per car seat produced is 2.14.
Margin of profit, This relates to the modification in total revenue as a result of the sale of extra units of a good or service. The change in total revenue is represented by the marginal revenue. average earnings, This refers to the revenue generated by each distinct unit or user. The slope of the line, as was previously established, determines the rate of change in revenue (the marginal revenue) for a linear revenue function. In actuality, even if the revenue function is not linear, the slope of the revenue curve provides us with the marginal revenue. In sales applications, the average rate of change can be helpful for determining the impact of various product costs, pricing, and margins on the expansion of a company's profit.
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an energy company charges $0.18 per kilowatt-hour (kwh) for the first 10,000 units of electricity each month and $0.15/kwh for all remaining units. if a firm uses 25,000 kwh/month, what is its average and marginal costs?
The first 10,000 units of power each month are priced at $0.18 per kilowatt-hour (kwh), and all additional units are priced at $0.15 per kwh.
$0.18 for 10,000
$0.09 for 25,000-10,000=15000
Marginal cost (MC) equals $0.09; total cost (TC) equals $1,560; and variable cost (VC) equals zero.
Average cost (AVC) = 1,560/25,000 = $0.0625 per kilowatt-hour
The marginal cost in economics is the variation in total production costs that results from creating or producing one more unit. By dividing the variation in manufacturing costs by the variation in quantity, you can determine marginal cost.
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In the probabilistic model, increasing the service level will. Open Hint for Question 10 in a new window.
a. reduce the cost of the inventory policy.
b. have no impact on the cost of the inventory policy.
c. increase the cost of the inventory policy.
d. cannot be determined.
In the probabilistic model, expanding the assistance level will increase the cost of the inventory policy option (C) is correct.
This is because the assistance level alludes to the level of interest that the stock arrangement is intended to fulfill. Expanding the help level implies that the strategy is supposed to meet a bigger level of interest, which thusly requires more elevated levels of well-being stock to be held in stock.
This expanded degree of well-being stock builds the expense of the stock arrangement because of higher holding costs, requesting expenses, and potential discounts of abundance stock. Subsequently, there is a compromise between the administration level and cost in stock administration, and a higher help level comes at a greater expense.
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using your knowledge of the definition of the own-wage elasticity of labor demand, a likely long-run magnitude of this elasticity for the economy as a whole, and the size of civilian employment in comparison with an exodus of a million workers from the military, estimate the magnitude of the reduction in wages for civilian workers as a whole if the mass exodus from the military occurred. do you concur with professor pessimist?
Assuming that the own-wage elasticity of labor demand in the economy as a whole is -0.2, then we can reasonably estimate the magnitude of the reduction in wages for civilian workers as a whole to be around 0.2% if a million workers were to leave the military.
This would be a small reduction in wages, and thus I do not agree with Professor Pessimist's conclusion that wages would be significantly impacted.
It is important to remember that the elasticity of labor demand is an average and will vary by industry, occupation, and region. Moreover, the magnitude of the wage reduction could be different depending on the types of jobs that the departing military personnel would be taking.
For example, if they were to take jobs that are already in high demand, wages in those occupations could see a much larger decrease than the estimated 0.2%.
Overall, the estimated 0.2% wage reduction is likely to be quite small, but it is possible that wages in certain occupations and industries could see a larger impact.
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lyn is injured when she is struck by debris floating on her property flooded by a breach of mining company's reservoir. the rule that a person who engages in certain activities may be liable under the doctrine of strict liability for any harm that results was established in
That a person who engages in certain activities may be liable under the doctrine of strict liability for any harm that results was established in the case of is Rylands v. Fletcher.
The rule that a person who engages in certain activities may be liable under the doctrine of strict liability for any harm that results was established in the case of Rylands v. Fletcher. This landmark case established that when a person brings onto their land something that is “likely to do mischief if it escapes”, they are strictly liable for any damages caused. In other words, if a mining company breaches a reservoir and causes flooding that results in injury to a person, the mining company may be liable under the doctrine of strict liability.
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how to compose some of the common varieties of informative and positive messages
Here are some tips for composing common varieties of informative and positive messages: Emails, Memos, Letters, Reports, Presentations.
What is positive messages?
Positive messages are communications that convey good news, positive feedback, or congratulatory sentiments to the recipient.
These messages aim to inspire a sense of goodwill, satisfaction, and motivation in the reader or listener. Positive messages can take many forms, such as emails, letters, memos, or even face-to-face conversations.
Examples of positive messages include congratulating an employee on a job well done, expressing gratitude to a client for their business, or informing a coworker of their promotion. Positive messages can help build relationships, boost morale, and create a positive work environment.
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everything in our constructed environment, including technology, buildings, furniture, clothing, and books, is part of our
Our material culture includes everything in our built surroundings, including our furniture, clothes, technology, structures, and books.
What are the two fundamental cultural subgroups that include values, beliefs, customs, and behaviors known as?
The first category, also referred to as nonmaterial culture, is made up of the principles, notions, symbols, and languages that define a civilisation. The second form, referred to as material culture, entails all of the society's outward manifestations, including its attire, tools and technology, utensils for dining, and modes of transportation.
What are two examples of the physical world and two examples of the intangible world?
A few examples of material culture are money, instruments, weapons, utensils, machines, clothing, jewelry, artwork, buildings, and monuments. The concepts, convictions, social roles,
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multiple choice question amy and ethan are married and file a joint return for 2022. their taxable income is $78,500. what is the amount of their tax liability (use the tax rate schedules)? multiple choice question. $9,420 $9,009 $12,887 $5,901
$9,009 approx is the amount of their tax liability of amy and Ethan. The correct option is B.
What is the concept of tax liability?Tax liabilities are the total amount of tax owed over a given time period to taxing entities such as the federal or state governments or local governments such as municipalities. Individuals and businesses must pay taxes on their earnings.
To determine the amount of Amy and Ethan's tax liability, we need to use the tax rate schedules for 2022. Based on their taxable income of $78,500, their tax liability can be calculated as follows:
The first $19,900 is taxed at a rate of 10%: $19,900 x 0.10 = $1,990
The amount over $19,900 but not over $81,050 is taxed at a rate of 12%: ($78,500 - $19,900) x 0.12 = $6,168
Their total tax liability is the sum of these two amounts: $1,990 + $6,168 = $8,158
Therefore, the closest option to their tax liability is $9,009. However, this is not the exact amount of their tax liability.
Thus, the ideal selection is option B.
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uppose the price elasticity of demand for baconators at wendy's is 0.6. this means that the demand for baconators is: group of answer choices elastic. inelastic. unit-elastic. perfectly inelastic.
The amount of an inelastic good remains constant when its price varies, which in the case at hand indicates that the demand for vaccines is (B) inelastic.
What is inelasticity?When a good's price changes, its inelastic quantity remains constant.
A good or service is regarded as inelastic when its price varies but the quantity requested of it does not considerably change.
The economic concept of elasticity describes how susceptible one economic component is to changes in another.
As an illustration, consider how supply or demand changes can affect the price or how demand changes can affect income.
Demand is elastic when it reacts to changes in price or other variables. Demand is said to be inelastic if it does not change as other economic factors do.
Given as -0.67, the price elasticity of demand for a good illustrates how insensitive the demand curve is to changes in price.
Therefore, the amount of an inelastic good remains constant when its price varies, which in the case at hand indicates that the demand for vaccines is (B) inelastic.
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Complete question:
Suppose the price elasticity of demand for vaccinators at wendy's is 0.6. this means that the demand for vaccinators is: a group of answer choices
A. elastic.
B. inelastic.
C. unit-elastic.
D. is perfectly inelastic.
