casting479
27.06.2019 •
Business
If the price of milk rises, when is the price elasticity of demand likely to be the lowest? a. one year after the price increaseb. one month after the price increasec. immediately after the price increased. three months after the price increase
Solved
Show answers
More tips
- C Computers and Internet Отправляем смс через интернет: легко и просто...
- H Health and Medicine Want to Lose Weight? Here s How Many Calories You Need Per Day...
- H Health and Medicine How Many Ribs Do Humans Have?...
- C Computers and Internet Dropbox: What is it and How to Use it...
- F Family and Home Choosing the Right Car Seat for Your Child: Tips and Recommendations...
- C Computers and Internet Е-head: How it Simplifies Life for Users?...
- A Auto and Moto How many blood alcohol level units are allowed in Russian traffic laws?...
- H Horoscopes, Magic, Divination Where Did Tarot Cards Come From?...
- H Health and Medicine How to Deal with Heat Stroke?...
- H Health and Medicine Sunstroke: Causes, Symptoms, and Precautions...
Answers on questions: Business
- B Business The charter of Vista West Corporation specifies that it is authorized to issue 200,000 shares of common stock. Since the company was incorporated, it has sold a total...
- B Business The demand for labor is: A derived from the satisfaction that hiring the inputs provides the owner or manager of the firm more money. B totally unrelated to the demand...
- B Business Listen to Mike Boyle describe some of the characteristics and behaviors he requires of his employees, and then compare these to the Big Five personality traits. Pretend...
- B Business For each of the lettered topics that follow, identify the best organizational pattern for a discussion of the subject. For example, a discussion of distance education...
- B Business Affirmative action in human resources practices requires employers with fifty or more employees holding federal government contracts in excess of $50,000 to actively...
- B Business The function f(x) = 2,000(1 + )12t models the balance in a savings account. The savings account had an initial balance of _ and compounds _ at an interest rate of _...
- B Business What advantages does successful execution of their strategies produce for shaw & tenney and the resort at paws up?...
- B Business The duo growth company just paid a dividend of $1 per share. the dividend is expected to grow at a rate of 25% per year for the next 3 years and then to level off to...
- B Business Gina and chen are both managers at cpa4u, a large accounting firm. each has a very different management style. gina is very outgoing and constantly checking on her subordinates...
- B Business Give one of the ways that walmart has been able to reduce the prices of its products...
Ответ:
(A)
One year after price increase
Explanation:
Price elasticity refers to how sensitive the demand for a product is to changes in its price. A product can be either price elastic or inelastic. If an increase in price does not affect the demand, then that product is inelastic. Demand for essential goods such as milk, oil, salt, and gas is inelastic.
An increase in the price of milk will have little effect on the quantities demanded. Milk is an essential commodity; customers will adjust to the high costs over time. After one year, the demand for milk will be the same before the price increase.
Ответ:
Businesses and non-profit organizations that provide goods and services to the public are called "public accommodations." This includes pharmacies, grocers, other retailers, restaurants, hotels, banks, medical practices, legal offices, dry cleaners, night clubs, movie theaters, art galleries, health spas, amusement ...
Explanation: