An increase in the price of flash drives leads to an increase in total expenditures on the flash drives. Which of the following is true for this price change? a. The demand for flash drives is elastic. b. flash drives are an inferior good. c. The demand for flash drives is inelastic. d. The demand for flash drives is perfectly elastic.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “An increase in the price of flash drives leads to an increase in total expenditures on the flash drives. Which of the following is true for ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Many new business will run at a loss in the beginning? A. TRUE B. FALSE
Answers (1)
Novak Company uses a perpetual inventory system. Its beginning inventory consists of 113 units that cost $77 each. During June, (1) the company purchased 338 units at $77 each, (2) returned 14 units for credit, and (3) sold 281 units at $113 each.
Answers (1)
Lewis is selling a product with some of the transaction price depending on the outcome of a future event.
Answers (1)
Why is it important to include industry terminology in a résumé? How can you find industry terminology?
Answers (1)
A firm has total assets of $310,100 and net fixed assets of $168,500. the average daily operating costs are $2,980. what is the value of the interval measure?
Answers (1)
New Questions in Business
A company has a defined benefit pension plan for its employees. On December 31, year one, the accumulated benefit obligation is $45,900, the projected benefit obligation is $68,100, and the fair value of the plan assets is $62,000.
Answers (2)
Which type of workplace culture emphasizes the development of new skills? a. achievement-based b. adaptive-based c. involvement-oriented d. consistency-oriented
Answers (2)
Jones Co. started the year with no inventory. During the year, it purchased two identical inventory items at different times. The first purchase cost $1,240 and the other, $1,570. Jones sold one of the items during the year.
Answers (1)
The culture of UPS places service to the customer among the company's highest business objectives, which is reflected in their use of information systems to enable customer tracking of their packages.
Answers (1)
Employers bond employees who handle cash receipts because fidelity bonds reduce the possibility of employing dishonest individuals and Deter dishonesty by making employees aware that insurance companies may investigate and prosecute dishonest acts.
Answers (1)