Answer:
Highly inelastic
Explanation:
Price elasticity of demand is a measure of the demand of a given service or commodity by utilizing it's price change. It can be calculated using the formula;
Price elasticity of demand=%change in quantity demanded/%change in price
%change in quantity demanded=((Final demand-Initial demand)/Initial demand)×100
((299-300)/300)×100=-0.33%
%change in price=12%
12%>0.33%
The change in price is larger than the change in demand, therefor the product is highly inelastic
Answer:
Variation in size, scope and buoyancy of demand in local markets is likely to affect growth opportunities. ... A business set up to exploit an identified market opportunity would be expected to have stronger growth orientation than one set up as a result of 'push' factors such as a lack of alternative opportunities.
Answer:
consequential damages cover only reasonable foreseeable losses.
Explanation:
- The contract limits the resulting loss to lost profits from the use of the goods. The limit is not necessarily unconscious because lost profits are not necessarily significant and can be considered as direct or indirect losses.
- the contract may apply to both the lease and the sale and excluding some from the contract simply because it is a commercial loss makes no sense.
- so limit is not necessarily unconscionable because consequential damages cover only reasonable foreseeable losses.
Answer:
The correct answer is True.
Explanation:
A perfectly competitive market has the following characteristics:
• There are many buyers and sellers in the
market.
• The goods offered by the different sellers
They are largely identical.
• Companies can freely enter and exit the
market.
As a result of these characteristics, perfectly competitive markets, result in:
• The actions of any buyer or seller
have an insignificant impact on the price of
market.
• Each buyer and seller takes the prices of
Market as dice.
A competitive market has many buyers and sellers trading with identical products so that each buyer and seller is price-accepting.
• Buyers and sellers must accept the price
determined by the market.
It is dependent upon the amount of amperage, or electrical shock, you are exposed to; the duration of the exposure, the longer you are exposed, the more dangerous it can be for your body; and the pathway of the electricity to your body, distance always plays a factor in the severity of an electric shock due to the fact that the closer the shock is, to an important part of your body, such as your brain or the heart, the more dangerous the shock is.
I hope this was helpful...
