true or false: if close substitutes are available for a particular good, then the demand for that good will be less elastic than if only distant substitutes are available.

Answers

Answer 1

False. In the presence of near substitutes, demand is more elastic.

Do more replacements make the elastic stronger?

According to the concept of an elastic good, which is one where a change in price results in a significant change in demand, the more alternatives there are for an item, the more elastic the good will be.

Alternatives — more or less elastic?

The availability of alternatives raises the elastic factor, which basically means that the more alternatives there are, the more possibilities there are, and as a result, the more options there are, the higher the elastic factor.

How are replacement products related to demand elasticity?

Demand for a good increases when the price of its substitute increases, hence the cross elasticity of demand for substitute goods is always positive. A negative cross-elasticity characterizes the desire for complementary goods, in contrast.

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Related Questions

how did slaves affect the daily roman economy

Answers

Slavery was a significant part of the Roman economy, and slaves performed a wide variety of tasks, from working in mines and fields to serving as domestic servants.

Slaves were used in many different aspects of daily life, including agriculture, mining, manufacturing, construction, and even entertainment. They were an essential part of the Roman economy, and without them, many of the goods and services that were produced would have been much more expensive or simply not available.

In short, slaves played a crucial role in the daily Roman economy by providing labor for various tasks and industries. (you can copy this LOL i don’t care)

Which of these best describes prices in a market economy?
answer choices
  ​a signal for consumers to purchase less
​a signal for producers to manufacture less  
  ​a set of compromises between buyers and sellers  
​a set of compromises between the government and citizens

Answers

A set of compromises between the buyers and the sellers best describes prices in a market economy. Option C is correct

In a market economy, not set in stone by the powers of market interest. At the point when interest for an item or administration is high, costs will generally go up, and when the request is low, costs will more often than not go down. Also, when supply is high, costs will more often than not go down, and when supply is low, costs will more often than not go up.

In a market economy, purchasers and dealers arrange costs through the course of trade. The value that is at last settled upon is a split the difference between the thing the purchaser will pay and what the dealer will acknowledge. This exchange cycle makes trade-offs among purchasers and vendors that decide the market cost.

Subsequently, C. a bunch of compromises among buyers and sellers is the right choice.

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Products which enable buyers and sellers to agree to trade a fixed quantity of a specified product at a fixed price at a fixed date in the future, on an over-the-counter market are called:
Select one:
a.
Future contracts
b.
Technical Contracts
c.
Over-the-counter contracts
d.
Spot contracts
e.
Forward contracts

Answers

Forward contracts. Products that enable buyers and sellers to agree to trade a fixed quantity of a specified product at a fixed price at a fixed date in the future on an over-the-counter market are called forward contracts.

Forward contracts are a type of b contract that allows parties to enter into an agreement to buy or sell a specific asset, such as commodities, currencies, or financial instruments, at a predetermined price and future date. These contracts are typically customized and traded directly between the buyer and seller, rather than on a centralized exchange.

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URGENT HELP PLEASE
What are some of the reasons that excel is important in a finance career? Why is it important to learn tricks like shortcuts in excel? How is a program like excel better than doing math by hand or with a calculator?

Answers

Answer:

Excel is an important tool in finance as it allows for efficient organization, calculation, and analysis of large amounts of data. The ability to perform complex calculations and present data in a clear and organized manner can save time and increase accuracy compared to doing math by hand or with a calculator. Additionally, shortcuts in Excel allow users to work faster and more efficiently, enabling them to handle larger amounts of data and perform more advanced analysis. Overall, proficiency in Excel is a valuable skill in finance as it enables professionals to perform their job duties more effectively and efficiently.

Hope this helps.

in terms of the overall gross domestic product (overall gdp, not per capita gdp), which country in the caribbean has the largest economy?

Answers

The Dominican Republic has the highest level of GDP among all Caribbean countries.

The Caribbean is home to many countries with significant economic contributions to the global economy.

Among them, one country stands out for having the largest overall gross domestic product (GDP) - that country is the Dominican Republic.

The Dominican Republic has the highest level of GDP among all Caribbean countries, with a total GDP of over $105 billion in 2019. This has allowed the Dominican Republic to become a leader in the Caribbean region, with its economy driving growth and development throughout the area.

As the Caribbean continues to expand its economic power, the Dominican Republic will remain an important player in the region’s future.

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Flank wear is measured by (two best answers):
Select one or more:
O a. wear depth
O b. Wear land depth
O c. wear volume
O d. d. wear area
O e. e. wear band width
O f. wear time
O g. g. wear thickness

Answers

Flank wear is measured by wear land depth and wear width.

Flank wear is a type of tool wear that occurs on the surface of cutting tools and it is the wear that happens at the intersection of the cutting edge and the finished workpiece.
Wear land depth refers to the degree of wear of the tool tip. In order to calculate the degree of wear, you will need to subtract the original depth from the new depth. The wear land depth is the height of the uncut portion of the cutting tool.
The wear width is the measurement of the width of the worn section on the cutting tool. It is measured from the edge of the wear band to the edge of the uncut portion of the cutting tool. The wear width can be used to determine how much of the tool is left and when it needs to be replaced.
The two best answers to measure flank wear are:
Wear land depth.
Wear width.
Flank wear is a common issue that can affect the efficiency of a cutting tool. By measuring the wear land depth and the wear width, it is possible to determine how much of the tool is worn and when it needs to be replaced. The depth and width of the wear area will increase over time, which will ultimately lead to the tool becoming less efficient.

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Which characteristic of the U.S. free enterprise system creates the incentive to work, save,
and invest?
A. Social Security system
B. Voluntary exchanges
C. Private property ownership
D. Consumer sovereignty

Answers

Answer:

option c

C. Private property ownership

Option C
C. Consumer sovereignty

Indicate which accounts should be debited and which should be credited for the following transactions of Hokies company.1)Pay a cash dividend.2)Pay rent in advance for the next three months.3)Provide services to customers on account.4)Purchase office supplies on account.5)Pay salaries for the current month.6)Issue common stock in exchange for cash.

Answers

A debit entry in an account represents a transfer of value to that account, and a credit entry represents a transfer from the account. Each transaction transfers value from credited accounts to debited accounts.

1.)Payment of cash dividends increases Dividends and decreases Cash.

Dividends has a debit normal balance. Increases are recorded as debits.

Cash has a debit normal balance. Decreases are recorded as credits.

2.)Payment of advance rent increases Prepaid Rent and decreases Cash. This does not increase Rent Expense since the expense has not been incurred yet. No expense will be recognized. Payment of advance rent is a prepayment and is considered an asset.

Prepaid Rent has a debit normal balance. Increases are recorded as debits.

Cash has a debit normal balance. Decreases are recorded as credits.

3.)Providing services to customers on account increases Service Revenue and Accounts Receivable.

Service Revenue has a credit normal balance. Increases are recorded as credits.

Accounts Receivable has a debit normal balance. Increases are recorded as debit.

4.)Purchase of office supplies on account increases Supplies and Accounts Payable.

Supplies has a debit normal balance. Increases are recorded as debits.

Accounts Payable has a credit normal balance. Increases are recorded as credits.

5.)Payment of salaries for the current month increases Salaries Expense and decreases Cash.

Salaries Expense has a debit normal balance. Increases are recorded as debits.

Cash has a debit normal balance. Decreases are recorded as credits.

6.)Issuance of common stock for cash increases Common Stock and Cash.

Common Stock has a credit normal balance. Increases are recorded as credits.

Cash has a debit normal balance. Increases are recorded as debits.

7.) Collection of cash from customers on account increases Cash and decreases Accounts Receivable.

Cash has a debit normal balance. Increases are recorded as debits.

Accounts Receivable has a debit normal balance. Decreases are recorded as credits.

8.)Borrowing cash from the bank by signing a note increases Cash and Notes Payable.

Cash has a debit normal balance. Increases are recorded as debits.

Notes Payable has a credit normal balance. Increases are recorded as credits.

9.)Payment for current month's utilities increases Utilities Expense and decreases Cash.

Utilities Expense has a debit normal balance. Increases are recorded as debits.

Cash has a debit normal balance. Decreases are recorded as credits.

10.)Payment of accounts payable decreases Accounts Payable and Cash.

Accounts Payable has a credit normal balance. Decreases are recorded as debits.

Cash has a debit normal balance. Decreases are recorded as credits.

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Which technology do online stores usually use to present customized content?
Online stores usually use __
technology to present customized content.

Answers

Désolé je ne pourrais pas repondre

Answer:

real time analytics

Explanation:

What is application software used for?
A. To help computer users apply their knowledge in new ways
B. To help computer users fill out employment applications
C. To make certain tasks easier for the computer user
O D. To make certain tasks more challenging for the computer user

Answers

Answer:

c I'm pretty sure

hope this helped!

What was the primary reason for establishing catholic missions in spanish texas?.

Answers

The main goals of the catholic mission were to gain dominance over the area and propagate Christianity.

The Catholic missions were established with the intention of progressively integrating native Indians into Spanish culture. The frequently nomadic tribes are also reduced to or gathered into a settlement, converted to Christianity, and taught agricultural and craft skills. As a result, it was up to the priests to instruct the Indians on how the Spanish desired them to conduct themselves as Christians.

In order to prepare the Indians for absorption into Spanish civilization, the priests guided them through their daily routines. The mission was to be secularized once these objectives were achieved. The local bishop was to take control of the church and appoint "secular" clergy to run it. The land was to be turned over to the Christianized Indians.

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Question 2 of 25
Compared to CDs, basic savings accounts are
interest rates.
liquid and have
A. less; higher
B. less; lower
C. more, lower
D. more; higher

Answers

Answer:

C:

Explanation:

CD's are less liquid and tie up your $$ for a certain period of time, however, extend to you a higher interest rate.  

Answer: A: Less and higher

Explanation:

On Sunday, Dawson's flower shop sold 25 arrangements. The materials needed for 25 arrangements cost $250. If he sold each arrangement for $55, what would the net income?

Answers

Answer:

Net Income = $1125

Explanation:

The net income is the difference between the revenue and the total costs incurred to earn that revenue. It can be calculated as follows,

Net Income = Revenue - Total costs

The revenue in the given question can be calculated by multiplying the selling price per arrangement by the number of arrangements sold.

Revenue = 55 * 25

Revenue = $1375

The total cost for materials needed for 25 arrangements is provided and there are no other costs.

Net Income = 1375 - 250

Net Income = $1125

hello , What are three common tools for qualitative research in business and marketing?

Answers

Answer:

they would be in-depth interviews, focus group discussions and observation over data

Explanation:

Hope this helps, please rate and mark as brainlest :)

What kinda of block can result from poor language skills

Answers

Answer:

Lack of communication can cause minunderstanding and confusion with both parties

Explanation:

an employee can be dismissed if their job surplus to requirements' outline why this state ment is false

Answers

Hiring labour is different from buying other goods and services, and the contract between the employer and the employee is incomplete. It does not cover what the employer really cares about, which is how hard and well the employee works.

1. Based on the profit-loss statement, does Rings and Things have a positive or negative cash flow?
Why?

Answers

Answer:

They have a negative cash flow.

Explanation:

Because their net operating activities is not breaking even, in other words, they are losing money.

Each account that is used can be classified as an asset. True or False

Answers

Answer: I believe your answer will be TRUE.

In Economics in One Lesson, Hazlitt argues that although purchasing power might look like it has increased after a war, these seemingly good economic results are merely the result of ______.

Answers

Hazlitt's argument is that the increased purchasing power after a war is not good economic result, but merely the result of inflation.

What is inflation?

Inflation refers to the progressive increase in the prices of basic goods and services in an economy. Inflation causes the general price level to rise.

When this happens, each unit of currency buys fewer goods and services than it could buy in previous periods.

Thus, the result of inflation is a reduction in consumer's purchasing power.

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The most common time frame individuals use when developing a budget is _____. A) Yearly B) Monthly C) Daily D) Weeklyeco​

Answers

Answer:

Monthly

Explanation:

At what point in the job application process are soft skills particularly important
A when writing a cover letter
B when crafting resume resume
C when searching through job ads
D during the interview

Answers

Answer:

During the interview

Explanation:

Answer:

D During the interview

The shelf life of milk is 7 days. You have 22 gallons on hand. You normally sell 4 gallons each day. Do you expect to have to throw out any milk?

Answers

Explanation: You will  throw away no gallons of milk because if you sell 4 gallons every day then 7 times 4 equals 28 so you will only work for 5 an a half days.

Answer:

B

Explanation:

The shelf life of milk is 7 days. You have 22 gallons on hand. You normally sell 4 gallons each day.

Why is it important to include industry terminology in a résumé and where can you find industry terminology?

Answers

Answer:

Including industry terminology will show you are "current" with the profession and know what the trends are at this time.

Explanation:

Answer: Including industry terminology will show you are “current” with the profession and know what the trends are at this time. To determine industry terminology, perform an Internet search of the job title or profession and see what terms occur frequently. If you are unsure of some terms, look them up. Some companies have their own “lingo”.   Explanation:

Budgeting that involves decisions such as whether to buy or lease equipment or build a new factory is referred to as:_______

Answers

Budgeting that involves decisions such as whether to buy or lease equipment or build a new factory is referred to as capital budgeting.

Budgeting is the method of making a plan to spend your cash. This spending plan is referred to as a budget. Creating this spending plan lets in you to decide earlier whether or not you may have sufficient cash to do the stuff you want to do or would really like to do.

There are 4 not unusual place sorts of Budgeting that businesses use: (1) incremental, (2) activity-based, (3) cost proposition, and (4) zero-based. These 4 budgeting strategies every have their personal blessings and disadvantages, with a view to be mentioned in extra element on this guide. Source: CFI's Budgeting & Forecasting Course

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Define leadership behaviors (in your own words) and note which behaviors are beneficial at specific organizational activities (example: project planning, leading coworkers, etc…). Please note at least five organizational activities and be specific when responding.

Answers

Leadership behaviors refer to the actions, traits, and skills demonstrated by a leader to influence, inspire, and guide their team towards achieving a common goal. Different leadership behaviors are beneficial for specific organizational activities.

Explanation: Effective leadership behaviors can vary depending on the specific organizational activity. For example, during project planning, leaders should demonstrate behaviors such as setting clear goals, establishing timelines, and delegating tasks. When leading coworkers, effective leadership behaviors may include active listening, providing feedback, and promoting a positive work culture. Other specific organizational activities that may benefit from certain leadership behaviors include conflict resolution, decision-making, and performance management.

Therefore, leadership behaviors are critical for the success of any organization, and leaders must be able to adapt their behaviors to meet the needs of specific organizational activities. By understanding which behaviors are most effective for each activity, leaders can maximize their effectiveness and promote a positive work environment.

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A payment of $475 for telephone charges was entered as a debit to office expense and a debit to cash. What is the adjusting journal entry for the trial balance?

Answers

The proper entry to make in your journal is:

Office expenses (Dr)                                                               $475

To cash Account                                                                                    $475

An entry in a journal is what?

A business's accounting records can contain information about a transaction by creating a journal entry. The general ledger is often where a journal entry is kept, however it can also be kept in a subsidiary ledger and subsequently rolled forward into the general ledger after being summarized.

An adjusted entry is exactly what?

A diary entry that has been adjusted is one that has been changed. They check to see that the numbers you've recorded correspond to the appropriate accounting periods, in particular.

You can track unrecorded transactions using an adjusting journal entry, which is a type of financial record. Accrued expenses, accrued income, provisions, and deferred revenues are a few examples of common adjusting journal entries. When accounting periods change, you can utilize an adjusting journal entry for accrual accounting.

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does each of the following government activities promote competition or limit monopoly power by regulating markets? place each in the correct category. items (5 items) (drag and drop into the appropriate area below) limiting content on public airwavesdirecting local cable companies to reduce internet fees for rural consumerspreventing the merger of two pharmaceutical companiesbreaking up standard oil into smaller companiesforcing a municipal water company to limit rate increases categories regulating markets drag and drop here promoting competition

Answers

Limiting content on public airwaves: Regulating marketsDirecting local cable companies to reduce internet fees for rural consumers: Promoting competitionPreventing the merger of two pharmaceutical companies: Regulating marketsBreaking up Standard Oil into smaller companies: Promoting competitionForcing a municipal water company to limit rate increases: Regulating markets

Regulating markets refers to the government's efforts to oversee and enforce rules, laws, and policies that promote fair competition and prevent monopolies from gaining excessive market power. The goal of market regulation is to ensure that markets are functioning in a way that benefits consumers, promotes innovation, and allows for a level playing field for businesses of all sizes.

Regulating markets can take many forms, including enforcing antitrust laws to prevent monopolies, setting standards for product safety and quality, establishing price controls, overseeing the exchange of goods and services, and protecting consumer rights.

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Full Question: Does each of the following government activities promote competition or limit monopoly power by regulating markets? Place each in the correct category.Items (5 items) (drag and drop into the appropriate area below):

Limiting content on public airwavesDirecting local cable companies to reduce internet fees for rural consumersPreventing the merger of two pharmaceutical companiesBreaking up Standard Oil into smaller companiesForcing a municipal water company to limit rate increases

Categories:

Regulating marketsPromoting competition

in the policy-making process, members of congress, the executive departments and agencies, and organized interest groups are said to make up the iron_____.

Answers

In the policymaking process, members of congress, the executive departments and agencies, and organized interest groups are said to make up the iron triangle.  The iron triangle refers to the close relationship and cooperation between members of Congress, executive departments and agencies, and organized interest groups in the policymaking process.

This relationship is often characterized by a shared interest in advancing particular policy goals, as well as a tendency to prioritize their own interests over those of the broader public. A detailed explanation of the iron triangle and its role in shaping public policy can help shed light on the complex and sometimes opaque process of governance in the United States.
In the policymaking process, members of Congress, the executive departments and agencies, and organized interest groups are said to make up the Iron Triangle. The Iron Triangle is a term used to describe the close relationship and interdependence among these groups, which often collaborate to create and implement public policy.

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NEED HELP, I WILL GIVE BRAINLIEST

Today I sold a new 80 inch television. The sale of this item is called________?

A. Unit of Sale
B. Asset
C. Cost of Goods Sold

Answers

Answer:

unit of sale

Explanation:

if u look up the definition of the word, unit of sale makes understand

Answer:

a.unit of sales

Explanation:

Using the chart, identify an example of absolute advantage for the United States over either Country A or Country B. Be sure to identify the product and the country. Explain how the availability and use of a natural resource may impact advantage.

Answers

Answer:

Absolute advantage is the advantage that a country has when it can produce a particular good or service at a lower cost than other countries.

Explanation:

The United States, in particular, has absolute advantage in the production of oil. Currently, the U.S. is the largest oil producer in the world, with around 15 million barrels a day.

This advantage occurs because the United States has ample oil deposits, both conventional and non-conventional (non-conventional deposits are those that can only be exploited through fracking), and also because the U.S. has the technical capacity, both in terms of infrastructure and human capital, to exploit those oil deposits in a satisfactory manner, and more importantly, in a more efficient and cheaper way than most other countries in the world.

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