Which one of the following products would tend to have inelastic demand?
A) luxury sedans
B) candy
C) crude oil
D) Black Angus T-bone steak

Answers

Answer 1

Answer:

C) crude oil

Explanation:

Crude oil and its byproducts (gasoline, plastic, etc.) have a very inelastic demand, e.g. the price elasticity of gasoline is between -0.02 and -0.04.

On the other hand, luxury goods have a very elastic demand, totally opposite to oil. The same applies for the demand of candies. While the demand for beef tends to be unit price elastic (or near it).


Related Questions

A transaction is initially recorded in the____journal, and then subsequently posted to the general____.
a. general ; ledger.
b. trial ; balance.
c. general ; journal.

Answers

Answer:

a. general ; ledger.

Explanation:

A transaction is initially recorded in the general journal, and then subsequently posted to the general ledger. In Financial accounting, this process of transferring information about a transaction from the general journal to the general ledger is known as posting.

Additionally, the main purpose of a general ledger is to list all accounts used in recording an organization's transactions and as such it contains a list of transactions affecting each account and the account's balance.

On the other hand, the purpose of a general journal is to record a chronological listing of every transaction for an organization at a given time.

Nonrenewable energy cannot keep up with population growth. True False

Answers

Answer:

True

Explanation:

Randy owns a shoe company and recently retooled his company's marketing mix strategy. His new target market is wealthy, craftsman-quality-seeking younger individuals. He has hired more craftsmen in his factory, purchased premium materials to construct high-quality shoes and will distribute the shoes through Nordstroms, Zappos, and his own website. Shoe prices now begin at $500 and up. What promotion strategy would support the rest of his marketing mix decisions?

Answers

The promotion strategy should use is direct marketing.

Direct Marketing is simply known as a type of marketing that is often aim directly to a person. By communicating your product with a narrow group of potential customers, one can promote their offerings through telephone marketing, snail mail, email, or catalogs and brochures.

Thougn a lot of offers are available through junk mail and telemarketers, direct marketing still very important.

It gives a producer or companies a predictable and cost-effective way of reaching their target markets.

Conclusively, the use of popular promotional tactic of deploying email messages to people who have interacted with a service is still very good method to use.

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Petra is the chief executive officer of the logistics company she reviews her company‘s financial statement regularly when making decisions about further expansion plans how would you categories Petra

Answers

Answer:

Explanation:

Clarification: Accounting is separated into two sections

Section 1: Financial Accounting: The monetary bookkeeping identifies with the planning of the asset report and other fiscal summaries like accounting report, benefit and misfortune record and income. The essential clients are leasers, speculators for these fiscal summaries.

Section 2: Managerial Accounting: The administrative bookkeeping gives data about monetary and money related data for supervisors and other inward clients. They are more adaptable as is required for the board basic leadership. The essential clients are workers, CEOs, and friends' administrators.

Petra is a CEO of coordinations division, consequently falls into administrative bookkeeping clients.

Answer:

B.) Internal User

A student wanted to know the most effective way to grow bacteria in a lab. He conducted a descriptive investigation instead of an experimental investigation. What is a limitation of his investigation? O A descriptive investigation cannot show a cause-and-effect relationship between bacteria growth and possible factors affecting growth. O A descriptive investigation is always more expensive than an experimental investigation. aner O A descriptive investigation usually does not involve much data collection to support a hypothesis. O A descriptive investigation provides little prior knowledge or background information about bacteria growth.​

Answers

Answer:

C). A descriptive investigation usually does not involve much data collection to support a hypothesis.

Explanation:

The limitation of a descriptive investigation is that 'it lacks sufficient data to support the proposition.' A descriptive investigation does not test the validity of a truth or distinct methods of growing it or to make comparisons between them. It rather focuses only on describing in-depth instead of practically examining the validity of the fact and using it to supporting the claim made in the hypothesis, unlike an experimental investigation. Thus, option C is the correct answer.

Answer: A - A descriptive investigation cannot show a cause-and-effect relationship between bacteria growth and possible factors affecting growth.

Explanation: the other answer was wrong i put his answer and when i got it wrong i was given the correct choice so i do not want yall to mess it up

The elasticity of demand for a good is –0.75. A 4% increase in price will cause a:______.
A) 3% iecrease in quantity demanded.B) 5.33% decrease in quantity demanded.C) 5.33% increase in quantity demanded.D) 0.19% decrease in quantity demanded.

Answers

Answer:

A) 3% decrease in quantity demanded.

Explanation:

As we know that

The price elasticity of demand is

= Percentage Change in quantity demanded ÷ Percentage change in price

Since the elasticity of demand is -0.75

And, there is a price of 4%

Since, the price elasticity of demand is in negative that means the quantity demanded is decreased by 3% that comes from

= 4% × - 0.75

= -3%

Hence, the first option is correct

what items are taxed in pennsylvania

Answers

Answer:

Tangible products are taxable in Pennsylvania , with a few exceptions. These exceptions include food (not ready-to-eat); candy and gum; most clothing; textbooks; computer services; pharmaceutical drugs; sales for resale; and residential heating fuels such as oil, electricity, gas, coal and firewood.

Explanation:

Answer:

Aye Wassup?

Explanation:

Tangible products are taxable in Pennsylvania, with a few exceptions. These exceptions include food (not ready-to-eat); candy and gum; most clothing; textbooks; computer services; pharmaceutical drugs; sales for resale; and residential heating fuels such as oil, electricity, gas, coal and firewood.

Groceries are generally defined as "unprepared food", while pre-prepared food may be subject to the restaurant food tax rate.

Hope This Helped Bro: "AdamDaAssasin"

Which examples demonstrate workplaces common to Management workers? Check all that apply. Lamont has a separate office with a door so he can discuss confidential information with employees. India works from home all the time at a small desk in her kitchen and does not interact with others very often. Zoe frequently travels to the different locations of her large company to meet with the workers she supervises. Mickey sits at a desk out in the open in a busy office environment and is responsible for greeting new visitors.

Answers

Answer:

a and c

Explanation:

.

Lamont has a separate office with a door, so he can discuss confidential information with employees and Zoe frequently travels to the different locations of her large company to meet with the workers she supervises are the examples demonstrate workplaces common to Management workers. Hence, options A and C are correct.

What is Management workers?

A general manager, business manager, administrator, director, or other person who has operational or managerial control over, or who directly or indirectly manages, the day-to-day operations of a facility, organization, or agency is referred to as a managing employee.

Top-level managers, middle managers, first-line managers, and team leaders are the four most typical categories of managers. These positions differ not only in terms of their daily duties but also in terms of their overall role within the company and the types of personnel they supervise.

To accomplish particular objectives, managers plan, organize, direct, and control resources. The best strategy to accomplish their goals is determined throughout the planning process. In order to execute the company's strategy, resources must be allocated.

Thus, options A and C are correct.

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tv show suggestions?

Answers

Ratched on Netflix is pretty good

Answer:

the umbrella academy, the good place, locke and key, i'm not okay with this, and the end of the fkcunig world

Explanation:

List 5 common sections that are included in a résumé.

Answers

Answer: Contact Information

Accomplishments/Achievements

Education

Work Experience

Career Narrative

Explanation:

Answer:

Contact Information

Accomplishments/Achievements

Education

Work Experience

Career Narrative

Explanation:

A business student is preparing for the Graduate Management Admission Test (GMAT) so he can get into a good graduate business school. He knows that any money he spends on a tutor will be worthwhile if he can improve his scores. He's heard that there is a great tutor in his local community but has no idea who she is. Marketing does not occur in this situation because

Answers

Answer:

For the parties to connect, there seems to be no way.

Explanation:

Marketing should be about fulfilling the expectations and wishes of consumers, generating demand, influencing different players, requiring interaction that can be carried out by the other groups and individuals.

For marketing, this same four components needed are:

Two or maybe more parties to expectations that are unmet. An appetite and capacity to be fulfilled on their part. A means enough for parties to connect. To share everything.

And according to the format prescribed throughout the problem, the business student realized he wanted a tutor for his performance to be enhanced. He discovered that throughout his local neighborhood, a wonderful teacher is readily accessible but uncertain of her identification to express it. He can interact with her towards his tuitions across multiple channels as she contributes to something like the surrounding community.

Answer:

.                                                       .

Explanation:

benefit of family buisness​

Answers

Answer:

Commitment and unified leadership.

Stability.

Trust and authenticity.

Flexibility and versatility.

Vision and long-term goals.

Decrease costs and expenditures.

Next-generation ingenuity.

Answer:

you can inherit and have your life made for you

Explanation:

if a food server worker follows directions, how long does it take to wash his/her hands

Answers

Not so sure but I feel like a good 20/30 sec. would be good

Answer:

A food server worker should wash his/her hands for 20 sec or longer.

Hopefully this helped :)

An increase in demand means that quantity demanded is higher at each price level. True or false

Answers

Answer:True

Explanation:

What kind of strategy is being used when a company puts coupons in front of the product at the grocery store?
customer loyalty
word-of-mouth
pull marketing
push marketing

Answers

Answer:

d

Explanation:

Which is the equilibrium for an economic perspective

Answers

In economics, economic equilibrium is a situation in which economic forces such as supply and demand are balanced and in the absence of external influences the (equilibrium) values of economic variables will not change.

Identify the career that matches the description. Develops new processes to improve crops and harvests: Creates decorative flower arrangements: Plants, grows, and harvests crops: Supervises workers who grow and harvest plants for individual customers: Maintains lawns, gardens, and parks:

Answers

Answer:

Identify the career that matches the description.

Develops new processes to improve crops and harvests:

✔ Soil or Plant Scientist

Creates decorative flower arrangements:

✔ Floral Designer

Plants, grows, and harvests crops:

✔ Farmworker or Laborer, Crop

Supervises workers who grow and harvest plants for individual customers:

✔ Nursery or Greenhouse Manager

Maintains lawns, gardens, and parks:

✔ Landscaping or Groundskeeping Worker

Explanation:

Edge 2021

Identify the career that matches the description:

Develops new processes to improve crops and harvests:Soil or Plant Scientist.

Creates decorative flower arrangements:Floral Designer.

Plants, grows, and harvests crops:Farmworker or Laborer, Crop.

Supervises workers who grow and harvest plants for individual customers:Nursery or Greenhouse Manager.

Maintains lawns, gardens, and parks:Landscaping or Groundskeeping Worker.

How do you maintain the landscape?Inspect your trees and shrubs.Test your soil. Fertilize your lawn. Fertilize trees and Shrubs, too. Control Weeds.Make planting beds neat and tidy.Add an inch-thick layer of fresh mulch in plant beds and around trees. Inspect your irrigation system.

Why landscape maintenance is important?Failing to maintain your landscape leads to plants and trees that are less resilient and more prone to diseases and vitality loss. Regular landscape maintenance keeps your plants healthy by ridding them of diseases and pests and saves you time and money by preventing irreparable damage.

What means landscape management?Landscape management is the care of land to ensure that landscapes can fulfil needs and aspirations in an effective and sustainable manner for present and future communities of users.

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Which of the following crimes, by definition, involves the use of fear or Force

Answers

Robbery uses fear or force because you are forced to give up your property or threatened with injury

Hope that’s makes sense

According to the Fisher Effect, the expected rate of inflation does not influence the:________.

Answers

Answer:

ex ante real interest rate.

Explanation:

According to Fisher effect the expected inflation rate will affect indices like nominal interest rate, current prices of goods, and the demand for money.

However it does not affect the ex ante real interest rate.

The Fisher effect shows how real interest rate is related to nominal interest rate.

Real interest rate = Nominal interest rate - Expected inflation rate

Ex ante real interest rate is the anticipated real interest rate in the future.

This is not considered in the Fisher effect

Pilot Company pays for two years of rent in advance. Recording this transaction would include a debit to:______.

Answers

Answer:

prepaid rent

Explanation:

From the question we were informed about how a Pilot Company pays for two years of rent in advance.

Incase of Recording this transaction, it would include a debit to prepaid rent

debit to prepaid rent is one of the journal entry for prepaid rent, and a prepaid rent is usually pen down as asset and it gives the rent expenses in future time , since the Pilot Company pays for two years of rent in advance,debit to prepaid rent must be included when recording the transaction.

To see all the constraints in a sketch, * Highlight all the sketch pieces you would like to see constraints for O Click the show constraints box in the sketch dialogue box O Hoover over the sketch geometry you would like to look at Other White constraint icons indicate * Goose​

Answers

Answer:

Explanation:

now where the to truck top shot dont f around i walk in the building with every chain on jaydayoungan every chain on gleeeeeeeeeee

Define principal, interest, & term

Answers

principal: first in order of importance; main.

interest: the state of wanting to know or learn about something or someone.

term: a word or phrase used to describe a thing or to express a concept, especially in a particular kind of language or branch of study.

Answer: the principal is the amount that you borrow from a leader . And the interest is extra money that goes to your Leander in exchange for giving you a loan .

Steven manages a team responsible for opening new restaurants of a large, fast-food chain. His team goal is to open eight restaurants in four months' time, and he's mapped out a plan for breaking this goal into actual tasks and projects. As Steven's mentor, what advice do you give him for managing obstacles that might disrupt his progress?

Answers

Answer:

divide all of the current obstacles by the level of urgency and take it one step at a time

Explanation:

When making any sort of plans there will always be unexpected obstacles that prevent/disrupt you from making progress. In these situations, the best advice would be to divide all of the current obstacles by the level of urgency and take it one step at a time. If you try to solve all the problems at once you will get overwhelmed and stressed out. Instead solve one at a time, focusing on the more urgent problems first.

 What one question do you need answered that you feel would take you into the new school year successfully?

Answers

Answer:

will i ever be bullied?

Explanation:

Answer:

Be at the top, be the most populer.

Explanation:

Everyone will respect you

Choose the true statement below.
A. The net pay is correct.
B. The Social Security tax is not correct.
C. The Medicare tax is not correct.
D. The state tax is not correct.

Answers

Please find attached full question

Answer:

The net pay is correct

Explanation:

Since Chloe knows that her federal tax is correct, state tax which is 23% of federal tax will also be correct.

Therefore the net pay (which is arrived at after deductions) is correct since deductions from gross pay(which is also correct)- social Security tax which is 6.2% of gross pay, Medicare tax which is 1.45% of gross pay and state tax which is 23% of federal tax, are all correct.

what do you like to do

Answers

Answer:

I like singing, playing soccer, drawing, painting, and playing video games.

Explanation:

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What was the stamp act?
Don't Spam!​

Answers

The stamp act is what happened after a war so that The british could pay off there debt

1. When would a corporation make sense for a business, such as a construction company?

Answers

Answer:

when they can make profits

Explanation:

A corporation simply refers to a company that can be for-profit or non-profit that is authorized and recognized to act as a separate entity in law.

Thus, for a corporation to be categorized or make sense as a business it needs to fulfill the main objective of a business, which is profit-making. By so doing, the construction company would make sense for a business.

Katherine explains that she did tell the truth and that there was not available funding for employee wage increases. Alisa most likely decoded Katherine's explanation in what way?

Answers

Answer:

Katherine was lying and/or hiding something

Explanation:

Alisa most likely decoded Katherine's explanation in such a way that she believed Katherine was lying and/or hiding something. This is because based on psychological studies, individuals tend to state that they are "telling the truth" and yet still provide no actual proof when they are lying. In this scenario, Katherine simply states that she is "telling the truth" but has not shown Alisa any financial reports or other valuable data that proves that there was not enough funding, which would be easy to provide if they actually existed.

Commercial hotels are usually in downtown or _____________ districts.

Answers

The answer is Business Districts

Answer:

buisness

Explanation:

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