When economists are sketching examples of demand and supply, it is common to sketch a demand or supply curve that is close to vertical, and then to refer to that curve as ______________?
Out of the choices provided above, it can be concluded to state that when economists are sketching examples of demand and supply, a curve that is close to the vertical axis is a representation of demand or supply being inelastic. Therefore, the option A holds true.
What is the significance of inelastic curve?An inelastic curve can be referred to or considered as a curve that represents a situation where the change in price does not lead to a change in the quantity demanded or supplied for the product in the economy.
Demand and supply are the economic determinants that are supported by the forces such as price and other economic factors. When a demand curve or a supply curve is inelastic, it is closer to the vertical axis on the graphical representation of the same.
Therefore, the option A holds true and states regarding the significance of inelastic curve.
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The missing options are added below for better reference.
A. Inelastic
B. Elastic
C. Perfectly elastic
D. None of these
The step in designing a customer value dash–driven marketing strategy in which a company divides a market into distinct groups of buyers is known as market __________.
The opportunity cost of studying for an economics test is: negative, since it may improve your grade. zero, because you knew when you registered for the class that studying would be required. the money you spent on tuition for the class. the best alternative use of your time.
The opportunity cost of studying for an economics test is the best alternative use of your time. This is because opportunity cost in economics is defined as the potential benefit that is given up when choosing one alternative over another.
Explanation:The concept of opportunity cost refers to the potential benefit that an individual, investor, or business misses out on when choosing one alternative over another. Given the economic interpretation of the question, the opportunity cost of studying for an economics test is the best alternative use of your time. To explain further, if you choose to study for the economics test, you are giving up the ability to spend that time doing something else that could potentially bring you benefit or enjoyment (e.g., working and generating income, hanging out with friends, etc.); in this context, that is your opportunity cost.
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When looking to invest money in a company by purchasing stock, why is it important to look at many different companies in which to invest?
It is important to look at many different companies in which to invest your money in because you will be able to compare which company has the greatest advantage among others so that you will not only have a sure return on your investment but also a higher return
Answer:
It is important to look at many different companies in which to invest your money in because you will be able to compare which company has the greatest advantage among others so that you will not only have a sure return on your investment but also a higher return
Explanation:
I used this, and got 100%
Which person is most creditworthy?
A. Nancy
B. Sylvia
C. Fiona
D. Uli
If the government wants to reduce smoking it should impose a tax on
What is the practice of partying in the stadium parking lot before an event?
The practice of partying in the stadium parking lot before an event is Tailgating. The correct option is (1).
What do you mean by stadium parking?Stadium parking refers to upgrades, infrastructure, and other parking-related arrangements for stadium operations and events, including licenses, leases, and other parking use contracts.
Before and occasionally after games, festivals, and concerts, tailgate parties take place in the parking lots of stadiums and arenas.
People who attend such events are referred to as "tailgaters. Even if their cars don't have tailgates, a lot of people still participate.
Fans used the back fold-down tailgates as seats or buffet tables after the 1930s saw the introduction of station wagons with wooden sides.
Therefore, Tailgating is the practice of partying in the stadium parking lot before an event.
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This is an incomplete question, the complete question is:
What is the practice of partying in the stadium parking lot before an event?
1) Crowdsourcing
2) Moshing
3) Tailgating
4) None of the above
It is believed that ______________ weaken the chemical bonds that constituent mineral grains, enabling them to act in more of a ductile manner than if this factor was not involved.
Answer:
Water
Explanation:
Water can help break down the grains so they become more pliable.
In order to achieve price stability, inflation must be zero.
a. True
b. False
Unlike other car rental agencies that are based in airports to serve travelers, wheelz-on-rent has a network of neighborhood offices. the firm strives to serve people who need car rentals for reasons other than vacation, such as when their own cars are being repaired. wheelz-on-rent caters to a small share of the large car rental market. from this description, it can be concluded that wheelz-on-rent most likely practices ________.
It can be concluded that the Wheelz On Rent most likely practices the concentrated marketing. Concentrated marketing is a type of strategy in which the products are being made and produced because of a specific segment of the population of the consumer of that they are likely to be made for a specific segment.
Religions may be classified as "monistic" if they _________
Religions are classified as "monistic" if they believe that all reality is ultimately one, often seen as divine. Hinduism exemplifies monism by viewing all gods as aspects of a single reality, similar to the monistic views held by Christian Scientists. Classifications like monotheism, polytheism, and monism can overlap, showing the complexity and variation in religious beliefs.
Explanation:Religions may be classified as "monistic" if they adhere to the belief that all reality is ultimately one. In the context of religion, monism often refers to the idea that there is a single unifying source or essence of all that exists, which can be seen as divine. This contrasts with monotheism, which is the belief in a single deity or god distinct from creation, and polytheism, which holds a belief in multiple deities. An example of monism can be found in certain interpretations of Hinduism, where there is a belief that all individual souls (atman) are part of a single universal essence (Brahman), and the many gods are viewed as different aspects of the one underlying reality. Also, Christian Scientists share similar monistic views, where the material world is considered to be an illusion or manifestation of the divine.
Other methods of classification include animism, which believes in the divinity of non-human entities, and totemism, that recognizes a divine connection between humans and other natural beings. However, categorizations can vary as some religious systems may have characteristics that overlap these categories. For example, the Christian notion of the Holy Trinity can challenge the strict definition of monotheism, similarly to how multiple manifestations in Hinduism challenge the definition of polytheism. It's important to understand that these classifications are not absolute and can be interpreted differently based on cultural perspective and scholarly analysis.
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