Which of these describes a situation of elastic demand?
A. A store increases the price of tea, and revenues increase.
B. A gas station increases its prices by 10%, and business drops way
off.
C. The price of peanuts rises by 10%, and the quantity sold falls by
10%.
O D. A drug company increases the price on a drug, and sales remain
strong.

Answers

Answer 1

Answer:

It's B. Gas Station increases and then drops off

Explanation:

just got it right

Answer 2

The elastic demand is described in the situation where the gas station increase by 10% price forms business drop way off. Thus, option B is correct.

What is an elastic demand?

Elastic demand is given as the change in the quantity with respect to the change in price. The difference between the inelastic and elastic demand is that there will be a small change in the inelastic collision and a large change in an elastic collision.

The situation that demonstrates the elastic demand is the gas station increase in price results in the drop way off the business. Thus, option B is correct.

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Related Questions

Fill in the code for method toString, which should return a string containing the name, account number, and balance for the account.
Fill in the code for method chargeFee, which should deduct a service fee from the account.
Modify chargeFee so that instead of returning void, it returns the new balance. Note that you will have to make changes in two places.
Fill in the code for method changeName which takes a string as a parameter and changes the name on the account to be that string.

Modify ManageAccounts so that it prints the balance after the calls to chargeFees. Instead of using the getBalance method like you did after the deposit and withdrawal, use the balance that is returned from the chargeFees method. You can either store it in a variable and then print the value of the variable, or embed the method call in a println statement.

//*******************************************************
// Account.java
//
// A bank account class with methods to deposit to, withdraw from,
// change the name on, charge a fee to, and print a summary of the account.
//*******************************************************

public class Account
{
private double balance;
private String name;
private long acctNum;

//----------------------------------------------
//Constructor -- initializes balance, owner, and account number
//----------------------------------------------
public Account(double initBal, String owner, long number)
{
balance = initBal;
name = owner;
acctNum = number;
}

//----------------------------------------------
// Checks to see if balance is sufficient for withdrawal.
// If so, decrements balance by amount; if not, prints message.
//----------------------------------------------
public void withdraw(double amount)
{
if (balance >= amount)
balance -= amount;
else
System.out.println("Insufficient funds");
}

//----------------------------------------------
// Adds deposit amount to balance.
//----------------------------------------------
public void deposit(double amount)
{
balance += amount;
}

//----------------------------------------------
// Returns balance.
//----------------------------------------------
public double getBalance()
{
return balance;
}


//----------------------------------------------
// Returns a string containing the name, account number, and balance.
//----------------------------------------------
public String toString()
{

}

//----------------------------------------------
// Deducts $10 service fee
//----------------------------------------------
public void chargeFee()
{


}

//----------------------------------------------
// Changes the name on the account
//----------------------------------------------
public void changeName(String newName)

{

}

}



// ****************************************************************
// ManageAccounts.java
//
// Use Account class to create and manage Sally and Joe's
// bank accounts
// ****************************************************************

public class ManageAccounts
{
public static void main(String[] args)
{
Account acct1, acct2;

//create account1 for Sally with $1000
acct1 = new Account(1000, "Sally", 1111);

//create account2 for Joe with $500

//deposit $100 to Joe's account

//print Joe's new balance (use getBalance())

//withdraw $50 from Sally's account

//print Sally's new balance (use getBalance())

//charge fees to both accounts

//change the name on Joe's account to Joseph

//print summary for both accounts

}
}

Answers

Using the knowledge in computational language in python it is possible to write a code that Fill in the code for method toString, which should return a string containing the name, account number, and balance for the account.

Writting the code:

import java.text.NumberFormat;

import java.util.Random;

public class Account

{

private double balance;

private String name;

private long acctNum;

private static Random rn = new Random();

private static int numAccounts;

// Constructor -- initializes balance, owner, and account number

public Account(double balance, String name, long acctNum)

{

 this.balance = balance;

 this.name = name;

 this.acctNum = acctNum;

 numAccounts++;

}

// Constructor -- Generates random balance (less than 1000) and random account number (from 1000 - 5000), with a name supplied

public Account(String name)

{  

 this(

   rn.nextInt(1000) + Math.random(),

   name,

   rn.nextInt(4000) + 1001);

}

// Checks to see if balance is sufficient for withdrawal.

// If so, decrements balance by amount; if not, prints message.

public void withdraw(double amount)

{

 if (balance >= amount)

  balance -= amount;

 else

  System.out.println("Insufficient funds");

}

// Adds deposit amount to balance

public void deposit(double amount)

{

 balance += amount;

}

// Returns the account owner

public String getName()

{

 return name;

}

// Returns balance.

public double getBalance()

{

 return balance;

}

// Returns the account number

public long getAcctNumber()

{

 return acctNum;

}

// Returns the number of accounts

public static int getNumAccounts()

{

 return numAccounts;

}

// Returns a string containing the name, account number, and balance.

public String toString()

{

 // write your code here

 NumberFormat usMoney = NumberFormat.getCurrencyInstance();

 return "Account Owner: " + name

   + "\nAccount Number: " + acctNum

   + "\nBalance: " + usMoney.format(balance);

 /*String str = "Account Owner: %s%nAccount Number: %d%nBalance: $%.2f", name, Long.parsetoInt(acctNum), balance;

  return str; */

}

// Deducts $10 service fee

public double chargeFee()

{

 // write your code here

 balance -= 10;

 return balance;

}

// Changes the name on the account

public void changeName(String newName)

{

 // Write your code here

 name = newName;

}

// Closes the account: sets balance to 0 and adds "CLOSED" to account name and decreases number of active accounts

public void close()

{

 this.name += " - CLOSED";

 this.balance = 0;

 numAccounts--;

}

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According to B. F. Skinner's view on personality, behavior is __________.
A. determined by the environment
B. influenced by one's thoughts
C. determined by innate tendencies
D. determined by cognitive processes

Answers

Answer:

A

Explanation:

According to B. F. Skinner's view on personality, behavior is determined by the environment. Hence option A is correct.

What is environment?

Environment is defined as a compilation of all the factors, living and non-living, and their interactions, which have an impact on human life. Environmental psychology focuses on the ways in which humans alter the environment and the ways in which the environment alters human experiences and behaviors.

According to Skinner, conduct is what makes up personality, and behavior is governed by the principles of operant conditioning, which emphasize how behavior is related to its environment. B.F. Skinner's theory is predicated on the notion that learning is a result of altering overt behavior. A person's reaction to environmental stimuli determines how their conduct will change.

Thus, according to B. F. Skinner's view on personality, behavior is determined by the environment. Hence option A is correct.

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William is thinking of a number, n and he wants his sister to guess the number. His first clue is that five less than two times his number is at least negative three and at most fifteen. Write and solve a compound inequality that shows the range of numbers that William might be thinking of.

Answers

Answer:

[tex]1 \le n \le 10[/tex]

Explanation:

Given

Guess: n

Required

Write a compound inequality for the number

The first clue:

Multiply n by 2: 2n

Subtract 5: 2n - 5

The result is at least -3: [tex]2n - 5 \ge -3[/tex] (at least means [tex]\ge[/tex])

And

The result is at most -3: [tex]2n - 5 \le 15[/tex] (at most means [tex]\le[/tex])

So, we have:

[tex]2n - 5 \ge -3[/tex] and [tex]2n - 5 \le 15[/tex]

Solve for n

[tex]2n - 5 \ge -3[/tex]

[tex]2n \ge -3 + 5[/tex]

[tex]2n \ge 2\\[/tex]

[tex]n \ge 1[/tex]

[tex]2n - 5 \le 15[/tex]

[tex]2n \le 15 + 5[/tex]

[tex]2n \le 20[/tex]

[tex]n \le 10[/tex]

So, we have:

[tex]n \ge 1[/tex] and [tex]n \le 10[/tex]

Rewrite as:

[tex]1 \le n[/tex] and [tex]n \le 10[/tex]

Combine

[tex]1 \le n \le 10[/tex]

Answer:

[1,10] is interval notation

Explanation:

The Gestalt principle of simplicity represents the tendency for individuals to arrange elements in a way that creates closure or completeness.


Please select the best answer from the choices provided

T
F

Answers

Answer:

False

Explanation:

The Gestalt principle of simplicity does not represent the tendency for individuals to arrange elements in a way that creates closure or completeness.

Therefore, the statement is false.

The Gestalt principle of simplicity is also known as the "Law of Simplicity".

According to this law, the whole is greater than the sum of its parts.

Answer:

F

Explanation:

2. The Miller family has decided that due to the severe drought in their state, they are going
to implement water conservation methods in their home. Currently, the family uses
approximately 4,000 gallons of water a month for their family of four and they pay $2.95
per 100 cubic feet of water. There are 748 gallons in 100 cubic feet.
A. How much is the family's water bill per month?

Answers

Answer: $15.78

Explanation:

Since 748 gallons = 100 cubic feet

4000 gallons will be equal to:

= 4000/748 × 100

= 5.3475936 × 100

= 534.75936 cubic feet

Since they pay $2.95 per 100 cubic feet of water, the cost for the family's water bill per month will then be:

= $2.95 × 5.3475936

= $15.78

Which of the following has been suggested in order to holp solve some of the problems in the educational system?
Increasing class size
Paying teachers less
Using property taxes to fund schools
Changing the educational philosophy of schools
Save and Exit

Answers

Answer:

Changing the educational philosophy of schools

Explanation:

a number decresed by 16

Answers

Answer:

A number decreased by 16 is -16

Thats profile pic LOLLL

Solve the system by elimination.

9x−5y=−13
−7x+5y=19

Answers

The answer in point form is (3,8) the answer in equation form is x=3 y=8 HOPE this helps :)

Answer:

x=3

y=8

Explanation:

chose one equation to use for elimination from the other equation to eliminate a variable.

   9x-5y= -13

+  -7x+5y= 19

----------------------

   2x= 6

divide both sides by 2 to get just one variable itself:

x=3

plug in variable x to one of the equations to get variable y:

9(3)-5y= -13

27-5y= -13

-5y= -40

divide each side by -5:

y=8

Even during the politically groundbreaking French Revolution, how might de Gouge’s ideas seem radical at the time?

Answers

Answer:

On the domestic front, meanwhile, the political crisis took a radical turn when a group of insurgents led by the extremist Jacobins attacked the royal residence in Paris and arrested the king on August 10, 1792.

HELP ASAP
Divine Command Theory argues that God is the best explanation available for how the objective moral law came to exist.

TRUE
FALSE

Answers


Divine command theory is a meta-ethical theory which proposes that an action's status as morally good is equivalent to whether it is commanded by God. The theory asserts that what is moral is determined by God's commands and that for a person to be moral he is to follow God's commands.

Describe how the Supreme Court placed a potential limit on congressional redistricting in
Shaw v. Reno:

Answers

Answer:

The Supreme Court placed a potential limit on congressional redistricting in  Shaw v. Reno: is explained below in complete detail.

Explanation:

Reno (1993), was a milestone in the United States Supreme Court proceeding in the domain of racial gerrymandering and redistricting. The court commanded in a 4-5 judgment that re-districting based on race must be confined to a standard of stringent examination under the corresponding safeguard clause.

Lila and Robert attend different high schools. They will estimate the population percentage of students at their respective schools who have seen a certain movie. Lila and Robert each select a random sample of students from their respective schools and use the data to create a 95 percent confidence interval. Lila’s interval is (0.30,0.35), and Robert’s interval is (0.27,0.34). Which of the following statements can be concluded from the intervals?

Group of answer choices

Lila’s sample size is most likely greater than Robert’s sample size.

Robert’s sample size is mostly likely greater than Lila’s sample size.

Lila and Robert will both find the same sample proportion of students who have seen the movie.

Lila’s interval has a greater degree of confidence than that of Robert.

Robert’s interval has a greater degree of confidence than that of Lila.

Answers

lila’s sample size is most likely greater than robert’s sample size.

The statement that can be concluded from the intervals is Lila’s sample size is most likely greater than Robert’s sample size. The correct option is A.

What are statistics?

The science of statistics focuses on creating and researching strategies for gathering, analyzing, interpreting, and presenting empirical data.

An average of a numerical population variable is a population mean. The population means are estimated using confidence intervals.

A sample is a condensed, controllable representation of a larger group. It is a subgroup of people with traits from a wider population. When population sizes are too big for the test to include all potential participants or observations, samples are utilized in statistical testing.

Therefore, the correct option is A. Lila’s sample size is most likely greater than Robert’s sample size.

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Money is taken directly from your personal account when a purchase is made or you use it at a ATM.

.1 Credit card
.2 Debit card
.3 Mobile check Deposits​

Answers

2!!!!!!!!!Debit Card!!!!!!!!!

1. Benjamin Lee Whorf's linguistic determinism hypothesis relates to what aspect of the power of language?
How thinking determines language
How language determines thinking
The role of the language acquisition device
The importance of critical periods in language development
The development of language in nonhuman animals

Answers

Answer: How language determines thinking

Explanation:

Linguistic determinism hypothesis simply states that the way we view the world is dependent on how we use our languages. Whorf believes that structure of our languages determines how we think and how we experience the world. He believes that a particular connection exist between language and the way we think we individuals.

Therefore, based on the information above, the correct answer is B "How language determines thinking".

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