If, for a given percentage increase in price, quantity demanded falls by a proportionately smaller percentage, then demand is:.

Answers

Answer 1

A demand is relatively inelastic if for an increase in price, the quantity demanded falls by a proportionately smaller percentage.

What is a relatively inelastic demand?

A relatively inelastic demand refers to a when the percentage change produced in demand is less than the percentage change in the price of a product.

In conclusion, the inelastic demand are often seen in most essential goods.

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Related Questions

Which organization enforces the legal requirement that employers provide a
workplace free of recognized hazards?
O A. U.S. Congress
B. Occupational Health and Safety Administration
C. U.S. Labor Department
D. Consumer Product Safety Commission

Answers

Answer: B. Occupational Health and Safety Administration

Explanation:

The Occupational Safety and Health Act of 1970 created OSHA, which sets and enforces protective workplace safety and health standards. There are OSHA standards for construction, agriculture, maritime and general industry. Employers also must comply with the General Duty Clause of the OSH Act, which requires them to keep their workplaces free of serious recognized hazards.

Occupational Health and Safety Administration organization enforces the legal requirement that employers provide a workplace free of recognized hazards. Thus, option (b) is correct.

What is organization?

The term “organization” refers to the structure and hierarchy of the workplace, as well as the shared objectives of its participants. The word “organization” is primarily used in the workplace and in business contexts. An organization is based on management without management is not the proper functioning of the organization.

The Occupational Health and Safety Administration enforces the legal requirement that companies offer a workplace free of identified dangers. It was modeled after the 1970 Act. The employees' working conditions are free, and the organization pays the employees' medical expenses.

Therefore, option (b) is correct.

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In a large open economy, what is the source of the domestic supply of loanable funds?.

Answers

National savings can be described as the source of domestic supply of loanable funds in an economy.

What is national savings?

This is a term that is used to refer to the sum of private and public savings in an economy.

National savings is the sum of the income in the economy minus the consumption and the expenditure in the nation.

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HELP ASAP

match the terms with their definitions

Inflation

Economizing

cost- push pricing

Target audience

demand-pull inflation

cost-plus pricing

comparison shopping

Markup

1.

Setting a price based on production costs plus a markup
2.

Checking prices, brands, and quality among several sellers
to make sure you are getting the best deal
3.

Rising prices as a result of rising production costs
4.

An increase in the general level of prices for goods and services
5.

Saving as much as possible and spending money only when necessary
6.

A specific consumer group who are likely to buy a product
7.

Rising prices as a result of consumers wanting to buy more
goods and services than producers supply
8.

The percentage amount added to production cost to obtain the price of an item

Answers

Answer:

4, 5, 3, 6, 7, 8, 2, 1,

Explanation:

Strategic planning and strategic thinking differ according to.

Answers

It should be noted that Strategic planning and strategic thinking differ according to The immediacy of their responses to real or anticipated opportunities.

What is Strategic planning and strategic thinking all about?

Strategic planning  serves as the process whereby organizational leaders determine their vision for the future.

Strategic thinking is more focus on finding and developing unique opportunities to create value as regards organisation's direction.

They are different based on their immediacy of their responses about the circumstances around.

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Most workplace communications will involve routine messages that are positive or neutral. Therefore, they should be organized using the ____________________ strategy.

Answers

It should be noted that Most workplace communications will involve routine messages that are positive or neutral by using the communication strategy.

What is workplace communications?

workplace communications serve as a means by which the employees can work together and have effective communication so the goal of organization can be achieved.

workplace communications is important because it will involve routine messages that are positive or neutral

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When a private company wants to offer stock on the stock market, they go through the _______ process.

Answers

Answer:

Initial Public Offering

Explanation:

An initial public offering or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also retail investors.

Accounts receivable, net of the allowance for doubtful accounts is called:.

Answers

Accounts receivable, net of the allowance for doubtful accounts is called  net realizable value.

What is net realizable value?

Net realizable value is the method of knowing the value of asset that is held as inventory. The purpose of this method is to avoid overstating or understating the value of an goods in inventory.

The net realizable value is the result of deducting the costs incurred in selling the goods from its selling price.

Hence, accounts receivable, net of the allowance for doubtful accounts is called  net realizable value.

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A business that does not need a full-time accountant, would most likely use a ______ accountant in which services are exchanged for a fee.

Answers

The business would most likely use a public accountant in which services are exchanged for a fee.

Who is an accountant?

An accountant is a professional who is responsible for keeping and interpreting financial records.

A public accountant works for a public accounting firm that performs auditing, tax, consulting and accounting services for other businesses in exchange for a fee.

Hence, the business would most likely use a public accountant in which services are exchanged for a fee.

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Bebarly appreciates compliments about her new photography business but really values constructive criticism, as she can then address particular issues. According to Julian Rotter, Bebarly has a(n)

Answers

Assuming Bebarly appreciates compliments about her new photography business but really values constructive criticism. According to Julian Rotter, Bebarly has a(n): internal locus of control.

What is  internal locus of control?

Internal locus of control can be defined as the way in which a person or an individual believe  that whatsoever happen to them is as a result of their own capabilities.

A person with Internal locus of control personality will tend to believe that their action is what lend to the positve result they had just as in the case of Bebarly.

Inconclusion according to Julian Rotter, Bebarly has a(n): internal locus of control.

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Oh boy not much points left better get some

Answers

Answer:

Im so confused

Explanation:

:)

Answer:

..........

Explanation:

Which of the following refers a reduction the production and availability of a good or service in due to a decrease in its market price? a. An increase in the supply for a product b. An increase in the quantity supplied for a product C. A decrease in the supply of a product d. A decrease in the quantity supplied for a product​

Answers

Answer:

B. an increase in the quantity supplied for a product.

types of waves that can be plane polarized


Answers

Plane polarisation is the method of allowing only waves orientated in the same direction - only allowing vibrations in one plane. Only transverse waves can be plane polarised because their vibration is perpendicular to the direction of energy travel - you can therefore have this vibration at different orientations

As more of a product is consumed, total utility ______ at a diminishing rate, reaches a maximum, and then ______.

Answers

The law of diminishing marginal utility states that as consumption increases, the marginal utility derived from each additional unit declines. Hence, it increases then decreases.

As more of a product is consumed, total utility increases at a diminishing rate, reaches a maximum, and then decreases.

What Is Total Utility?

Total utility is the total amount of satisfaction or fulfillment that a consumer gets through the consumption of a specific good or service.

Therefore, the answers are it increases then decreases.

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____________ reflects the degree to which a person finds fulfillment in their job. a. Job involvement b. Organizational commitment c. Organizational citizenship d. Cognitive dissonance e. Job satisfaction

Answers

It should be noted that Job satisfaction reflects the degree to which a person finds fulfillment in their job.

What is Job satisfaction?

Job satisfaction or employee satisfaction  can be regarded as the measure of workers' contentedness with their job.

Job satisfaction help the workers to be committed to his job.

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Farr Company purchased a new van for floral deliveries on January 1, 2021. The van cost $56,000 and has an estimated life of five years and $14,000 salvage value at the end of its useful life. The double-declining-balance method of depreciation will be used. What is the balance of the Accumulated Depreciation account at the end of 2022?

Answers

Answer:

$15,120

Explanation:

Dec 2021 Depreciation ($56,000 - $14000) / 5 = $8400

Dec 2022 Depreciation ($56,000-$8400 - $14000) / 5 = $6720

Accumulated Depreciation = $8400 + $6720 = $15,120

Antonio, the president, says, "The top priority is getting money to hire trainers and consultants. " He laughs: "If we don't get some money in the door, we won't be able to run the lights and scoreboard, either!" He looks at you and says, "I'm counting on you personally to bring in the largest sum, $10,000, okay? I'll make sure your efforts get noticed back at the office. " As you nod tentatively, wondering how you're going to obtain such a large sponsorship, you're reminded that Antonio is your manager at a brokerage firm

Answers

The response to whether Antonio is displaying leadership or power in this meeting is A) Antonio is reminding you that you are dependent upon him in your work life.

Antonio is reminding you that you are dependent upon him in your work life so you will make certain to obtain $10,000 for the team.

This implies that Antonio is displaying power combined with leadership. In leadership jargon, this is known as an influence.

What is an influence in leadership?

Influence is a core skill in leadership.  

Influence in leadership means the ability to affect the behavior of followers in a particular direction by leveraging key tactics that:

InvolveConnectInspireDeliver results.

Without influence, a leader lacks the ability to impact the behaviors, attitudes, opinions, and choices of the followers.

Question completion with answer options:

Is Antonio displaying leadership or power in this meeting? Select an option from the choices below.

A) Antonio is reminding you that you are dependent upon him in your work life so you will make certain to obtain $10,000 for the team.

B) Antonio is simply making assignments and offering to help you out back at your workplace Leadership.

C) Antonio knows that you're the best person to raise the funds needed and he's supportively recognizing your ability to the group.

Thus, Antonio is displaying power combined with leadership, which is regarded as an influence in leadership circles.

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For a risk-free return rate of 5%, a market risk premium of 6%, what is the required rate of return for a security with a beta coefficient of 1. 5? 5% 9% 14% cannot be determined -Select- 2. Changing the risk-free return (inflation) Changes neither the y-intercept nor the slope of the security market line Changes only the y-intercept of the security market line Changes only the slope of the security market line Changes both the y-intercept and the slope of the security market line -Select- 3. Changing the market risk premium Changes neither the y-intercept nor the slope of the security market line Changes only the y-intercept of the security market line Changes only the slope of the security market line Changes both the y-intercept and the slope of the security market line -Select- 4. True or False: If a company's beta doubles, its required return doubles. True False

Answers

The required rate of return for a security with a beta coefficient of 1. 5 is 14%.

Changing the risk-free return (inflation) changes only the y-intercept of the security market line.

Changing the market risk premium changes only the slope of the security market line.

When the beta of a stock doubles, the required return does not double.

What is the required return?

The required return can be determined using the capm.

According to CAPM:

Required return = risk free + (beta x market premium)

5% + 1.5(6) = 14%

What is the change in required return when beta doubles?

Assume the beta of the above stock doubles, requried retrun becomes:

5% + (3 x 6) = 23%

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Which of the following is an example of direct distribution channels?

Wholesaler sales

middlemen

E-commerce sales

Retail sales

Answers

Answer:

E-commerce sales

Explanation:

A direct-distribution channel is where the manufacturer sells directly to the end customer like with an E-commerce sale

On January 2, 2021, Miller Properties paid $33 million for 1 million shares of Marlon Company's 6 million outstanding common shares. Miller's CEO became a member of Marlon's board of directors during the first quarter of 2021. The carrying amount of Marlon's net assets was $142 million. Miller estimated the fair value of those net assets to be the same except for a patent valued at $30 million above cost. The remaining amortization period for the patent is 10 years. Marlon reported earnings of $69 million and paid dividends of $3 million during 2021. On December 31, 2021, Marlon's common stock was trading on the NYSE at $32.50 per share.
Required: 2. Assume Miller accounts for its investment in Marlon using the equity method. Ignoring income taxes, determine the amounts related to the investment to be reported in its 2021. (Do not round intermediate calculations. Enter all amounts as positive values. Enter your answers in millions rounded to 1 decimal places, (i.e., 5,500,000 should be entered as 5.5).): million million a. Income statement b. Balance sheet c. Statement of cash flows Operating cash flow Investing cash flow million million

Answers

Based on the balances given by Miller Properties, the amounts in the relevant accounts are:

Income statement = $11 million. Balance sheet = $43.5 million. Statement of cashflows operating cash flow = $500,000.Statement of cashflows investing cash flow = $33 million.

What is the income statement balance?

= (Reported earnings - (Patent value / Number of years) ) / Marlon company outstanding shares

= (69 - (30 / 10) ) / 6

= $11 million

What is the balance sheet balance?

= Acquisition price + Equity income - Dividends declared by Marlon

= 33 + 11 - (3/6)

= $43.5 million

What is the operating cash flow ?

This is the cash dividend that Miller received from Marlon of:
= 3 / 6 million shares x 1 million

= $500,000

What is the investing cash flow?

This is the $33 million that Miller paid for Marlon company shares.

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What factors are used to judge if consideration is adequate to ensure a fair bargain?.

Answers

1. Promises must be made with voluntary consent.
2. Promises exchanged may not be a preexisting duty.

Aggregate planning for services differs from manufactured goods because Select one or more: a. services cannot be inventoried. b. demand for services is difficult to predict. c. goal of services is to maximize revenue and profit d. capacity is difficult to predict for services. e. service companies can easily adjust prices to respond to demand levels

Answers

Agregate planning for services differs from manufactured goods because  demand for services is difficult to predict. Option B is correct.

What is aggregate planning for services?

This is the part of a businesses operational schedule that has to do with the following:

DevelopingMonitoringSustainance

Aggregate planning helps to generate a plan for the levels of inventory in a business.

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Complete the statement below using the correct term.
on the job under _____
Highly motivated people who seek help from the right people will advance and be able to
most conditions

Answers

When a person is highly motivated, they will be more likely to advance and overcome most conditions in a job under pressure.

What happens to highly motivated people?

When a person is highly motivated to work, and seeks help from the right people, they will gain the necessary knowledge needed to advance in a company.

This means that their knowledge combined with their willingness to work hard on account of their motivation, will allow them to overcome most conditions regardless of the pressure they will be under.

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Fantastic Frames sells units for $15 each. Variable costs total $6 per unit, and fixed costs total $90,000. If the number of units being sold increases by 2,000, net operating income will

Answers

If the number of units sold by Fantastic Frames increased by 2,000, the net operating income will increase by $18,000.

What is the net operating income?

This can be found as:

= (Selling price - Variable cost) x Number of units sold

Solving gives:

= (15 - 6) x 2,000

= 9 x 2,000

= $18,000

Net operating income will increase by $18,000.

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Accrual accounting is a superior predictor of company performance compared to the statement of cash flows. True False

Answers

Answer:

True?

Explanation:

Pls, choose me as brainliest!

Even if your family can pay the full amount of attending college, filling out the Free Application for Federal Student Aid (FAFSA) is a good idea because:

A. your situation and interest rates might change.

B. you can better qualify for merit-based financial aid.

C. it shows how wealthy you are.

D. you are guaranteed to get some kind of aid.

Answers

Answer:

the correct and sure answer is D

You are guaranteed to get some kind of aid.

Thus, the correct option is D.

What is an aid?

The international transfer of money, products, or services from one nation to another or from an international organization to another nation or its people. Aid might be financial, military, or humanitarian in an urgent situation.

Aid for Trade aims to assist developing nations, particularly the least developed, in creating the infrastructure and trade capability necessary to take advantage of trade openness.

Aid is support provided from one nation to another. It includes resources including cash, tools, education, and loans. Foreign help can come from non-governmental organizations (NGOs) or from the government of one nation to the government of another.

Grants, scholarships, loans, and work study are the four fundamental categories of financial aid, and federal, state, institutional, and private are the four fundamental sources.

Foreign aid can be used to further the political objectives of a government, enabling it to garner respect for its participation in international institutions, achieve diplomatic recognition, or enhance the reach of its ambassadors abroad.

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Which tend to be more volatile, short- or long-term interest rates?.

Answers

Answer:

Short-term rates

Explanation:

are more volatile than long-term rates and move more quickly than long-term rates

Joining a career and technical student organization is a good way to
1. develop skills that match your areas of interest
2. get a part-time job to earn spending money
3. show your commitment to helping people
4. work on scholarship applications

Answers

Answer

A: develop skills that match your areas of interest

Answer:

A.

Explanation:

Mario has completed the first step in his HR planning, and is ready to begin the second step, which is

Answers

After Mario has completed the first step in his HR planning, the next step is the program goals setting.

What is planning?

It should be noted that HR planning is important in an organization in order to achieve the goals and objectives of such organization.

In this case, after Mario has completed the first step in his HR planning, the next step is the program goals setting.

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The par value per share of common stock represents the:.

Answers

The face value per share.

PLEASE HELPP:
Jones, Inc is trying to schedule a holiday party and would like to collect suggestions about the best date and location from their employees. The company has 200 employees on staff. What is the best form of communication to utilize and why?

Answers

Answer:

the best way is phone

Explanation:

becuase to get all of them in a group and tell them all

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Data concerning the expected production of each product and the expected total direct labor-hours (DLHs) required to produce that output appear below: Expected Production Direct Labor-Hours Per Unit Total Direct Labor-HoursProduct X0 2,000 4 8,000Product W7 440 3 1,320Total direct labor-hours 9,320The direct labor rate is $38.60 per DLH. The direct materials cost per unit is $163.50 for Product X0 and $145 for Product W7. The company is considering adopting an activity-based costing system with the following activity cost pools, activity measures, and expected activity: Expected ActivityActivity Cost Pools Activity Measures Estimated Overhead Cost Product X0 Product W7 TotalLabor-related DLHs $276,078 8,000 1,320 9,320Production orders orders 19,348 540 740 1,280Order size MHs 241,614 4,040 4,140 8,180 $537,040 If the company allocates all of its overhead based on direct labor-hours using its traditional costing method, the overhead assigned to each unit of Product XO would be closest to: ________ The ratio of the side length of a square perimeter is always 1 to 4 peter drew a sqaure with a perimeter of 28 inches Explain how this paragraph contributes to PresidentLyndon B. Johnson's overall message. In your answer,make sure that you discuss the author's overall messageand use details from the introduction and the passage tosupport your answer. why does a 5 year old child need more energy than a teenager? Plzz answer I will give you brainliest and 17 points 2.9 - 7.6yes math, i need more character lol Match the correct system with the correct functions.This system is responsiblefor fighting disease.1 23This is the largest organ ofthe body that provides aprotective layer123This is responsible forregulating your growth anddevelopment123This system plays a majorrole in maintaining homeostasis of your body through the use of hormones 1231. Endocrine System2. Immune System3. Integumentary System Escribe el nombre de 10 lenguas diferentes en la lengua espaola Gregor then turned to look out the window at the dull weather. Drops of rain could be heard hitting the pane, which made him feel quite sad. "How about if I sleep a little bit longer and forget all this nonsense," he thought, but that wassomething he was unable to do because he was used to sleeping on his right, and in his present state couldn't get into that position. However hard he threw himself onto his right, he always rolled back to where he was. He must havetried it a hundred times, shut his eyes so that he wouldn't have to look at the floundering legs, and only stopped when he began to feel a mild, dull pain there that he had never felt before.Review the excerpt from the story "Metamorphosis" and answer the question below:Based on the details in the bolded paragraph, what does Gregor most want to do? (5 points)Sleep moreGet upBe humanAnswer mother How many 1 / 4 pound hamburgers can be made from 9 / 12 pound of meat?More questions to come At book fair, the ratio of adults to children is 7 : 3The ratio of girls to boys at the book fair is 4 : 1What percentage of the people at the book fair are boys? 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Adolf Hitler's aims includeddeterring future French aggression and creating the world's first nuclear weapon.improving Germany's democratic government and ending the Great Depression.creating a utopia for White Europeans and making Germany great again.restoring German greatness after its loss in WW1 and murdering the world's Jewish population.