Why does demand become more elastic over time?

Answers

Answer 1
Demand tends to be more price elastic, the longer that we allow consumers to respond to a price change by varying their purchasing decisions.
Answer 2
Final answer:

Demand becomes more elastic over time due to consumers having more opportunities to adjust their behavior and gather more information about alternative products and prices.

Explanation:

In economics, the concept of elasticity refers to the responsiveness or sensitivity of demand or supply to changes in price. Over time, demand typically becomes more elastic, meaning that consumers become more responsive to changes in price. There are several reasons for this.

Firstly, over a longer timescale, consumers generally have more opportunities to adjust their behavior in response to price changes. This can include finding substitutes for the product or developing more efficient habits. For example, if the price of gasoline increases significantly, consumers may initially continue using the same amount, but over time they may switch to more fuel-efficient cars or use public transport more, hence demand becomes more elastic.

Secondly, consumers gather more information over time, including about alternative products and their prices. As a result, they can make more informed decisions, which contributes to the demand becoming more elastic.

Learn more about Elasticity of Demand here:

https://brainly.com/question/31293339

#SPJ12


Related Questions

Based on the part of the letter that you just read, what can you conclude about the relationship between Britain and the colonies at the time Abigail wrote her letter?

Britain and the colonists had resolved their differences.

Colonies were taking active steps to resist British laws.

Great Britain and the colonies were at war.

Answers

Answer:

ITS C :)

Explanation:

Answer:

C. Colonies were taking active steps to resist British laws.

Explanation:

The Consolidated Omnibus Budget Reconciliation Act (COBRA) was passed by the U.S. Congress in 1985 under President Ronald Reagan. This act gives workers and their families who lose their health benefits the right to do what?

Answers

Continue under the health plan their employer held but will now be 100% responsible for premiums. This allows for a person to continue seeing a preferred doctor and maintain health care but the employer will no longer provide a cut toward benefits. 

Answer: Continue using health benefits provided by their group health plan.

The COBRA, created by Congress in 1986, is a federal law which maintains health benefits to workers and their families upon the occurrence of certain events in which, in another way, the coverage would terminate.

The qualifying events to be under the COBRA's coverage include a cutback in hours worked, involuntary job loss, job transition, a change in marital status, change in the number of dependents, death, among others.

Respond to both parts of this question.
Part A
Social Darwinism used the idea of “survival of the fittest” to make a case for a laissez-faire approach to business. Social Darwinists thought the government should not regulate business because only the best should last. Write a brief essay explaining some of the government’s actions around the turn of the century that social Darwinists would not have approved of.
Part B
Then think about another philosophy that developed in the late nineteenth century. The Social Gospel taught that it was a person’s duty to help others in need, not just prepare for an afterlife. Write a brief essay describing some of the actions that people took to practice the beliefs of the Social Gospel.

Answers

Part A)

Social Darwinists were not fans of any government policy that limited the development of monopolies or trusts. Those who believe in Social Darwinism believe that the strongest individuals and businesses will survive. However, Progressive presidents like Teddy Roosevelt felt that monopolies were bad for the economy, as they can manipulate prices. Roosevelt used his political power to bring court cases against businesses that acted as bad monopolies or trusts (like the Northern Securities Company).

Part B
Some of the actions taken by members of the Social gospel movement include the creation of organizations that can help those who are less fortunate. The Salvation army, which is still around today, is one of the biggest success stories. This organization helps to provide food, shelter, and clothing for individuals who need it. Along with this, the social gospel movement helped by providing education classes and Sunday schools for kids to attend while their parents were worshiping or working.

Which of the following words means refusing to buy something?

Answers

The answer is Boycott
:)

Answer: I think it is A) Boycott

What was the only ideal of president woodrow wilson's fourteen points the delegates at versailles voted to accept?

Answers

Woodrow Wilson gave the Fourteen Points speech so it would be known what the United StatesÕ long term objectives were for World War I. The Fourteen ... Which was an ideal that Woodrow Wilson included in his Fourteen Points? ... Was only one of president Wilsons fourteen points carried out in the treaty ofVersailles?

Answer:

The League of Nations

Which conflict resulted in the deaths of over 600,000 Americans? A) World War II B) The Civil War C) The War of 1812 D) The American Revolution

Answers

I'm gonna guess civil war
Actually, 620,000 soldiers died in the civil war which is a high figure compared to other wars so it was a very bloody conflict with large casualties on both sides probably since it was about such a strong issue of abolishing slavery or defending it as the slave owners dug in their heels and refused to give up their slavery without being totally forced into it by sheer force of arms.

how did the thirty years war change the way people viewed different religions

Answers

There was no longer one dominant religion. More areas declared themselves to be Lutheran or Calvinist. Old political lines were not as important as the new religious lines that were drawn. This would also be one one of the last major wars over religion. 

Laws define what types of behaviors are permitted in a society. Why is that important? (Select all that apply.) To prevent government and individuals from harming others. To establish a basic set of morals that everyone in society should adhere to. To enable individuals to understand what behaviors and activities are appropriate. To define the government and how it interacts with society.

Answers

To prevent government and individuals from harming others. To establish a basic set of morals that everyone in society should adhere to. To enable individuals to understand what behaviors and activities are appropriate.

The correct answers are A) To prevent government and individuals from harming others, B) To establish a basic set of morals that everyone in society should adhere to, and C) To enable individuals to understand what behaviors and activities are appropriate.

Laws define the types of behaviors permitted in a society to prevent government and individuals from harming others, to establish a basic set of morals that everyone in society should adhere to, and to enable individuals to understand what behaviors and activities are appropriate.

The social control implies rules of behavior that members of a society must follow to guarantee the respect and the harmonical relationships between its members. These could be as simple as good manners and tolerance for the peoples own beliefs.

There are other kinds of rules of conduct that are enforced by written down laws.

In sociology, there is a theory called Behaviorism that says that mental states are behaviors.


This prehistoric period lasted from about
a.
d. 800-1600 and was characterized by complex agricultural societies that were settled in small villages.

Answers

mississippian is the prehisstoric period that lasted from 800-1600 A.D.It was characaterized by complex agricultural societies that were settled in small villages. The native societies of thiss time period were the ones this time period were the ones that were encountered by Hernando de Soto and his expedition in the 1540s.

Answer

This prehistoric period lasted from about A.D. 800-1600 and was characterized by complex agricultural societies that were settled in small villages. We are referring to the Mississippian period.

The Mississippian period lasted from 800AD until 1600 in the midwestern and southeastern regions of the United States territory. During these years, many Native American Indian tribes flourished. They were smart people that developed complex agriculture techniques to grow crops such as corn, squash, goosefoot, and fruits. They also were good hunters and fishermen, taking advantage of the rivers and lakes.  

What are the groups to which you belong? Indicate whether they are primary or secondary groups.

Answers

Primary groups are the groups we belong to that are long-lasting and involve more of who we are as people. In these groups, we invest in the relationships formed. Your family is an example of a primary group
Secondary groups are impersonal and typically short term. A sociology class is an example of a secondary group. 

Answer: if i am correct, primary groups are like a family, or a friend group.

secondary are something else like jobs

Explanation:

This is the name given to the mongol khanate in the western portion of mongol control, in what is now mostly russia and ukraine.

Answers

Golden Horde was the name for the region. It was founded by Batu Khan, grandson to Genghis Khan. They were predominately known and feared for their military might. At its peak, they controlled most of eastern Europe.

Answer:  The Golden Horde

The Golden Horde was established in the 13th century and was the  northwestern portion of the Mongol Empire.  After the Mongol Empire broke up in .[6] With the fragmentation of the Mongol Empire in 1259 (after the death of en Möngke Khan), The Golden Horde territory became a khanate that functioned independently.  At its strongest point, The Golden Horde extended from the Ural Mountains to the Danube River, stretching also deep into Siberia, and southward toward the Black Sea and Caucasus Mountains.

Why does the judicial branch, as opposed to the executive or legislative branch have the power of judicial review

Answers

They have the power of judicial review because they are supposed to be impartial and objective since they don't belong to the government or the parties. They review laws and executive acts made by the president and the congress in order to examine whether the acts are legal or in most cases whether or not they are constitutional.

Do you think lenin's communist revolution was successful? why or why not?

Answers

yes if you mean that they overthrew the czar and took control of Russia, but no if you mean achieving their main goal of giving the people more freedoms and making a more fair and unbiased system, as Lenin's rule quickly turned into a harsh dictatorship.

Final answer:

Lenin's revolution successfully overthrew the existing government and established the USSR, but it deviated from democratic socialist principles and resulted in an autocratic regime, economic hardship, and international isolation.

Explanation:

Whether Vladimir Lenin's communist revolution was successful can be subject to different interpretations, depending on the metrics of success one is applying. The October Revolution of 1917 led by Lenin and the Bolsheviks was indeed successful in overthrowing the Russian Provisional Government and eventually establishing a new communist regime - the Soviet Union. However, the intentions of creating a proletarian utopia and spreading the revolution internationally faced significant challenges.

Lenin's tactics divided socialists into revolutionaries and reformers, creating a schism within the international socialist movement. Lenin believed in the need for a vanguard to initiate the socialist revolution, which contrasted with Marx's view that conditions in a mature, industrialized democracy would naturally lead to socialism. Lenin's revolution occurred in a largely feudal Russia, with few industries and a recent move towards democracy, making it an unlikely candidate for Marx's envisioned path to socialism.

While the Bolsheviks prevailed in the civil war and succeeded in creating the Union of Soviet Socialist Republics, Lenin's regime was autocratic rather than democratic, diverging from Marx's ideology. His subsequent policies, such as war communism and collectivization, led to famine and failed to deliver on the promise of prosperity and egalitarianism. Moreover, the international revolution that Lenin hoped to inspire did not materialize to the extent expected, leaving the Soviet Union isolated.

How did African Americans influence the entertainment industry of the 1950s?

Answers

They introduced Jazz music
Introduced jazz music

How did the Mughal Empire promote religious tolerance in the territories it controlled? A. It required Hindu, Muslim, and Sikh leaders to approve major policy changes. B. It promoted marriages between prominent Muslims and non-Muslims. C. It encouraged Hindus to adopt some of Islam's most important beliefs. D. It offered complete political independence to many Hindu communities.

Answers

Answer:

It promoted marriages between prominent Muslims and non-Muslims.

Explanation:

The Mughal Empire promote religious tolerance in the territories it controlled marriages between prominent Muslims and non-Muslims. Thus option B is correct.

What is religious tolerance?

It is the conviction that every religion has equal validity in its own native culture. Providing religious freedom to people of all faiths and beliefs without regard to their background was a matter of human rights. Religions are designed to foster social cohesion and peace.

They adopted their costumes as well as several festivals and rituals. They wed Hindu Rajput women and granted them the freedom to practice their religions as they saw fit. These Mughals fought for their goals and processes rather than on the basis of religion.

He created an advanced civilization, the Empire, based on religious tolerance. Indian, Mongol, and Persian cultures were all mixed together. Hinduism was tolerated under Babur, and numerous Hindu temples were constructed with his approval. Therefore, option B is the correct option.

Learn more about religious tolerance, Here:

https://brainly.com/question/14781890

#SPJ2

What is the most likely reason that dr. king refers to both the constitution and the declaration of independence in his "i have a dream" speech? *?

Answers

The correct answer is because he wants to stress that all Americans are guaranteed certain rights.

Both the declaration of independence and the constitution guarantee rights of people in the United States and their rights are infringed upon in a legal manner by the government. He mentions them because he has a dream that one day the rights guaranteed would equally apply to all citizens.

Dr. King referred to the Constitution and Declaration of Independence to emphasize equality and justice, highlighting the gap between ideals and reality, urging for a more inclusive society in his speech.

The most likely reason that Dr. King refers to both the Constitution and the Declaration of Independence in his 'I Have a Dream' speech is to emphasize the principles of equality and justice these documents represent in the American society.

By mentioning these founding documents, Dr. King highlights the gap between their ideals and the realities of racial segregation and discrimination faced by African Americans, urging for a more inclusive and equal society.

His references to the Constitution and the Declaration of Independence serve to remind the audience of the nation's promise of liberty and equality for all, calling for the fulfillment of those promises.

What happened to Kiev when Yaroslav the Wise died in 1054 CE? Yaroslav’s oldest son became the new ruler. The Mongols invaded. Kiev was divided among Yaroslav’s five sons. Kiev was renamed Moscow.

Answers

Kiev was divided among Yaroslav’s five sons.
- According to Yaroslav's testament, he wanted to prevent a power rumble over Kiev among the five of his sons. He divided his empire among them and the four younger sons should obey their eldest namely, Izyaslav sought to prevent a power struggle among his five sons by dividing his empire among them and enjoining the younger four sons to obey the eldest, Izyaslav, the grand prince of Kiev. But unfortunately, this advice did not last long, Civil war still prevailed after Yaroslav's death.

Answer:

c

Explanation:

Which of these developed in the late 1800s as immigrants to the United States flocked to big cities?
A. Villages
B. Suburbs
C. Hamlets
D. Slums

Answers

The suburbs massively developed as a result of the immigrants that flocked to big cities in the late 1800s.

What role did the immigrants play?

In the 1800s, the immigrants who were low-skilled supplied labor for industrialization and helped in innovations in agriculture and manufacturing.

However, as the cities became filled with the immigrant, an effort was made to expand new immigarnt to the suburbs so to be able to continue working in the city.

Therefore, the Option A is correct.

Read more about immigrants role

brainly.com/question/123952

How was the united states involved in the russo-japanese war?

Answers

Despite not taking part in the fighting during the Russo-Japanese War, the United States had a huge impact on how the war was resolved and benefited from this by gaining substantial worldwide respect.

Theodore Roosevelt served as president of the United States during the negotiations for the Portsmouth Treaty, which put an end to the war.

The Russo-Japanese War of 1904–05 was officially terminated by the Treaty of Portsmouth. The talks, which were held in August in Portsmouth, New Hampshire, were partially mediated by American President Theodore Roosevelt. The final agreement, which was signed in September 1905, acknowledged Japanese presence in south Manchuria and Korea and gave Japan ownership of Sakhalin's southern half.

Learn more about Russo-Japanese War, here;

https://brainly.com/question/12768334

#SPJ6

The United States involvement in the Russo-Japanese War was driven by concerns over Japanese influence in the region, leading to diplomatic intervention by President Roosevelt.

The United States became involved in the Russo-Japanese War due to concerns over the growing influence of Japan in the region. Initially supporting Japan, President Roosevelt intervened to maintain a balance of power, leading to a peace conference that resulted in Japan gaining control over Korea and parts of Manchuria.

What argument did Hitler use to justify invading European countries? (1 point)
He was rightly getting back the German land taken from Germany in the Treaty of Versailles.
The Aryans were superior to all other races, therefore Germany had to obtain land to create a great empire.
He had to stop the threat of communism coming from the Soviet Union.
He needed more land so he had a place to exile the Jews.

Answers

The argument that Hitler used to justify invading European countries was He was rightly getting back the German land taken from Germany in the Treaty of Versailles. This treaty ended World War I.

Name one result of the Great Society and one result of the Warren Court.

Answers

The Great Society was an idea created by Lyndon B. Johnson (president of the US from 1963-1969). This idea was based around helping individuals in American society. One significant result from Johnson's Great Society policy was the creation of Medicare and Medicaid. These government programs help to provide medical care to specific groups of people. Medicare helps individuals over the age of 65 to pay for medical costs. Medicaid helps low income families to receive medical care.

The Warren Court refers to the time period when Earl Warren was the head justice of the US Supreme Court (1953-1969). During this time, Warren ruled on some of the most important cases in US history. One of the biggest ones was the ruling on Brown vs. Board of Education. In this ruling, Warren and the Supreme Court justices ruled that segregation in public schooling is illegal. Along with this, Warren ruled that the idea of "separate but equal" is in fact unequal.

Explain why climate change is impacting the foothills of the Andes mountains

Answers

Climate change is impacting the foothills of the Andes Mountains by melting them. 22% of the the surface area of these tropical glaciers have already disappeared within the last 30 years. In the dry seasons so many of the people and the wild life in the area depend on these mountains to provide drinking water. Not only that but these tropical glaciers play a key role in regulating the water supply for these peruvians.

Answer:

By melting them, climate change is influencing the foothills of the Andes Mountains. Over the last 30 years, 22% of the surface area of these tropical glaciers has already vanished. So many people and the wild life in the area rely on these mountains to provide drinking water during the dry seasons. These tropical glaciers play a key role in controlling the water supply for these Peruvians, not just that.

One area in which the articles of confederation performed well was in the area

Answers

There could be several options for answering that question.  I'd say one area of strength for the Articles of Confederation was that they encouraged coordinated, cooperative action between the states to resolve any disputes between the states.  Another strength might be the establishment of a Department of the Treasury and Department of Postal Service so that money could be coined and mail service provided.

Meanwhile, there were also weaknesses, such as each state got only one vote, regardless of the size of the state.  Also, each state could tax trade from other states -- there was no authority in the Confederation to regulate interstate commerce.

since dr king died has the world got better or worse ?

Answers

The world improved but it isn't necessarily better. There are still many forms of discrimination and prejudice, so in a way we have just stayed the same.

Final answer:

The question of whether the world has improved or worsened since Dr. King's death is subjective, but there was a significant increase in riots and violence immediately following his death. Progress has been made in the fight against racial inequality since then, but more work needs to be done.

Explanation:

The question of whether the world has gotten better or worse since Dr. King's death is subjective and can vary depending on different perspectives and experiences. However, the aftermath of Dr. King's death did see a significant increase in riots and violence across the United States, which suggests that the immediate impact was negative.

Though, the world improved, however, it isn't necessarily better. There are still many forms of discrimination and prejudice, so in a way, we have just stayed the same. It is important to note that progress has been made in the fight against racial inequality since Dr. King's time, but there is still work to be done.

There should be no minimum voting age.

Which statement about the claim is true?
A.it is defensible but not arguable.
B.it is both arguable and defensible.
C.it is neither arguable nor defensible.
D.it is arguable but not defensible.

Answers

the answer would be D since many people wont agree but theres no proof to back it up.

The correct answer is D. It is arguable but not defensible

Explanation:

A claim or thesis statement is a statement used in argumentative texts or persuasive speech to convince the audience about a certain idea, because of this a claim needs to be arguable which means not everyone agrees with it and defensible which means as although everyone does not agree with the claim there is evidence to explain it and prove it. In the case of the thesis statement "There should be no minimum voting age" this claim is arguably because is somehow controversial and not everyone agrees with it, but it is not defensible as the author of this statement might not find evidence to prove this as all evidence shows because of maturity, literacy, education, and other factors there has to be a minimum voting age. Therefore, the statement about this claim that is true is that it is arguable but not defensible.

3. Which type of imperial rule allowed Western governments to run colonies themselves?
Direct rule
Indirect rule
Sphere of influence
Protectorate
15. Why was the Opium War significant for Britain?
It provided a flow of opium to the British people.
It led to the exit of British forces from China.
It led to the collapse of the Qing Dynasty.
It increased British influence and trading rights in China.

Answers

direct rule help the the western governments run the colonies because if its indirect rule they will have no control

3- The type of imperial rule that allowed Western governments to run colonies themselves was the Direct Rule.

The Direct Rule was a British policy measure of placing control over a country under the direct administration of the United Kingdom Parliament.

15- The Opium War was significant for Britain because it increased British influence and trading rights in China.

China's defeat in the war forced the government to tolerate the opium trade. The British coerced the Chinese to sign the Unequal Treaties, opening several ports to foreign trade and annexing Hong Kong.

Why did the knights of labor and other unions grow so rapidly in the late 1800s

Answers

with the amount of immigrants coming to america scabs were used quite often and making the "natives" loose their jobs easily or not be paid enough.

Successful negotiations and strikes convinced workers that joining a union could be helpful


After world war i, what did most americans think was the key to avoiding future wars?

Answers

Isolationism: To stay out of worldwide or foreign affairs.

Even as they fought to end slavery in the confederacy, african-american union soldiers were fighting against another injustice as well. the u.s. army paid black soldiers $20 a week (minus a clothing allowance, in some cases), while white soldiers got $6 more (plus a clothing allowance, in some cases). true

Answers

Yes it is true. During the American Civil War the African American soldiers who fought in the Union side we're still discriminated and treated as an inferior race of man. And even after the Union win the war, the African American we're given poor treatment in all fields like Education and social treatment.

The supreme court ruled in bureau v. mcdowell that _____________ apply/applies only to the actions of government agents and not to those of private citizens or private security employees.

Answers

Unlawful search and seizure, the Supreme Court Ruling found that incriminating materials given to government representatives by private citizens or employees do not have the same rules regarding lawful search and seizure. For example, if someone provides incriminating documents that were procured without a search warrant and that someone is a private citizen, these documents are admissible in court and not subject to the same search and seizure laws as if they were being collected by a police officer. 
Other Questions
Describe Michael Jackson's role in MTV's success. What important lesson did MTV learn through him? A right rectangular prism is 514 in. wide, 1212 in. long, and 4 in. tall.What is the volume of the prism?a) 50 in3b) 65 5/8 in3c) 260 in3d) 262 1/2 in3 How does Hamilton use rhetoric in Paragraph 3 when addressing the importance of an independent judiciary???He presents the judicial and legislative branches as opposites, asserting that the courts must be entirely independent because the legislature is entirely dependent on the executive branch.By comparing and contrasting the courts of justice in the United States with those in nations without independent judiciaries, Hamilton makes a strong case for his position that the courts must be independent.He uses an appeal to emotion, arguing that a government with a judicial branch that is not independent will allow injustice and oppression to grow and liberty and freedom to wither and disappear.He uses an appeal to reason and logic, arguing that, since the judiciary's job is to make sure that laws follow the rules set out by the Constitution, the courts cannot be influenced by the branches that pass or enforce those laws. Why are credibility and reliability importance concerns when performing research on the Internet? Describe the strategies you use to determine whether information you find online should be considered credible and reliable How did the expansion of the United States set the stage for the civil war? Which of the following best describes the relationship between products and reactants in an endothermic reaction? NEED HELP ASAP PLEASE HELPUse the figure below to find AC.Select one:a. 40b. 20c. 50d. 60 Roger makes $42,000 a year. What is the maximum amount he can afford for a mortgage each month? What is desertification Some scientists theorize that global warming __.A. Will eventually result in colder temperatures at the North and South polesB. Is the result of increased levels of carbon dioxide in the atmosphere C. Is caused by melting glaciersD. Will result in a sharp drop in ocean levels Which ones are correct? Thanks in advance! Jayden rode his bike 5.75 miles on saturday and 12.4 miles on Sunday. How many miles did he ride his bike both days? which term describes a person's predictable patterns of acting thinking, and feelingA.InstinctB.NurtureC.PersonalityD.Socialization In the black cat the narrator begins the story by speaking directly to the reader . the narrator continues this practice periodically throughout the story . how does the authors use of this structure create mystery in the story? What is a major assumption of kelley's covariation model of attribution? All of the following are benefits of reflective listening except: helpppppppppppppppppppppppppp Given the following information, which of the statements would be true: Miguel tiene 5 aos. Pepe tiene 6 aos. Julio tiene 10 aos.a) Miguel es el mayor de los muchachos.b) Pepe es mayor que Julio.c) Julio es el menor de los muchachos.d) Miguel es el menor de los muchachos. the limiting of car usage offered society many advantages for example How did the change in the method of selecting electors expand democracy?