Monthly Archives: October 2013
inalastic ex: 1.car 2. utilities (water, gas. electricity) 3.medicine elastic ex: 1.ipod 2.chips 3.soda inelastic will not change because it is necessary elastic is consdered elastice because the demand for it can change especially because they are not neccesary .
1. which group lists the key principles of the free enterprise system? answer: profit motive , legal equality , private property , voluntary exchange. 2. what is considered a negative effect of government regulation? answer: it is expensive for businesses … Continue reading
my stock portfolio is doing great. my stock is gaining. – KO- HSA- WAL. yes and some are but not all i dont have none. i just might sell one
1.price change does not affect demand much. 2.elasticity demand – a measure of how consumers respond to price changes. 3.the price will go up. 4. because the price went down and then everything changes. 5. ex 1 : the product … Continue reading
1.in october 2008,heavy rains damaged some of the largest pumpkin crops in the west texes made a shortage of pumpkins. 2.because the energy and cost are so high . 3.13 cents a pound and 10 years is about 6 cents. … Continue reading
elasticity – a measure of how consumers respond to price changes. ex: 1.change demand for a product. 2. pricing and revenue 3.price changes 4.how much buyers will cut back 5.A product with inelastic supply would be one where the producers … Continue reading