Business

20 June, 00:48

A good's price elasticity of demand depends in part on how necessary it is relative to other goods. If the following goods are priced approximately the same, which one has the least elastic demand?

(A) Diamond necklace

(B) Amputation procedures for diabetes sufferers

+5

Know the Answer?

Not Sure About the Answer?

Find an answer to your question 👍 “A good's price elasticity of demand depends in part on how necessary it is relative to other goods. If the following goods are priced ...” 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

When people go surfing or swimming along a coast, they often find-after spending time in the water-that they are no longer in the area in which they first entered the water.

Name two features of capitalism

Rohit, an Indian, is a marketing executive in an American company. He graduated from a top Ivy League university in the United States and is known for his outstanding performance, positive attitude, and innovative ideas.

Dr. Spalding prefers to study African elephants in their natural environment. He says it's the best way to observe family interactions of male and female elephants and their young.

Pederson Company reported the following: Manufacturing costs $2,500,000 Units manufactured $50,000 Units sold 43000 sold for $75 per unit units. Beginning inventory 0 units. What is the amount of gross profit margin? A. $5,375,000 B. $3,225,000 C.

New Questions in Business

Use the following example to answer the following questions: Imagine that Stella deposits $25,000 in currency (which she had been storing in her closet) into her checking account at the bank.

Barr Corp. started a long-term construction project in 20X0. The following data relate to this project: Contract price $4,200,000 Costs incurred in 20X0 $1,750,000 Estimated costs to complete $1,750,000 Progress billings $900,000 Collections on

Bob contributed a building with an adjusted basis to Bob of $50,000 and a fair market value of $150,000 subject to a mortgage of $120,000 in exchange for a 30 percent interest in the Alpha Partnership. Alpha will assume the mortgage on the building.

Nareen is single, 68 years old, and reports the following in 2018: a. $12,000 alimony received (divorced in 2010) b. $82,520 Schedule C profit c. $3,500 SEP (self-employed pension) plan contribution d. $7,150 qualified dividends e.

Sun Inc. has 5,000 shares of 6%, $100 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock outstanding at December 31, 2007. What is the annual dividend on the preferred stock? a. $60 per shareb. $30,000 in totalc.