Part 1 of 3 - 100.0/ 100.0 Points Question 1 of 16 10.0/ 10.0 Points Demand is price inelastic if: A.the price of the good responds slightly to a quantity change. B.the demand curve shifts very little when a demand shifter changes. Correct C.the percentage change in quantity demanded is relatively small in response to a relatively large percentage change in price. D.all of the above are true. Answer Key: C Question 2 of 16 10.0/ 10.0 Points If the absolute value of price elasticity
Premium Supply and demand Elasticity
ECON 1020 Principles of Macroeconomics Assignment 1 Question 1 (10 marks) (a) The relative scarcity of resources makes the operation of any economy a matter of choosing between alternatives.” Explain. The world has limited resources and us‚ as people have unlimited wants. Therefore‚ we must constantly make decisions to choose what we would rather buy or produce and what we must give up in its consequence. This includes work and time. For example‚ studying for an exam late at night would give
Premium Supply and demand Economics Opportunity cost
Protecting Against Macro Viruses Marques Tate Rasmussen College This paper is being submitted on February 23‚ 2014‚ for Tina Grezinski’s D181 Excel course. Protecting Against Macro Viruses Many applications‚ such as Microsoft Excel and Word‚ support macro languages. A macro virus attacks these kinds of applications‚ infecting the documents and template files. So if your computer has a macro virus‚ and you use a word template file to make a new document‚ it ’ll also become infected
Premium Computer virus
1. Historical Background The business that became the Bata Shoe Organization was established on August 24‚ 1894 in Zlin‚ Czechoslovakia by Tomas Bata‚ and included his brother Antonin and sister Anna. Although this business was new‚ the Bata name had been part of a tradition of shoemaking for eight generations‚ spanning three hundred years. It was one of the first modern-day shoe ’manufacturers’‚ a team of stitchers and shoemakers creating footwear not just for the local town‚ but also for distant
Premium Marketing
When studying ageism it is important to study how social norms contribute to people behavior and interaction on the micro‚ meso‚ and macro levels. On the micro level a person immediate surrounding such as family weigh highly on how people see each other. Within the micro level‚ I defined ageism as multiple-generational of negative dispositions‚ beliefs‚ thoughts‚ and philosophies owned by individuals and families through influences of religious beliefs‚ rituals‚ and family values. Whereas‚ the meso
Premium Sociology Old age Gerontology
In what ways are humans impacting their environment? How can humans make sure that future generations are allowed the same standards of living that they enjoy? How can the Maltese Islands make sure that they safeguard their environment for the future? Environment nowadays is being impacted by lots and lots of human’s absolute carelessness. Nowadays people are not thinking about the future generations and their needs. We’re almost over-extracting resources thus being unsustainable. Over-extracting
Premium Fossil fuel Oxygen Carbon dioxide
MARKETING ENVIRONMENT The aim of this lecture is: • To describe important role of Marketing Environment. • To differentiate between Macro and Micro Environments. • To assess the impact of Marketing Environment on Marketing Practices. • To describe various method/Model of Marketing Environment Scanning. Background Information Marketing cannot be practiced in a vacuum; as a business function is affected by various factors or elements within the business environments. According to Lancaster
Premium Marketing
Date: Thu‚ 17 JAN 2008 7:42:53 +0000 From: "Darlene Wardlaw" Subject: Understanding the Revenue Cycle Attachment: I’ve attached a Sales internal control questionnaire from another engagement that I think you can use for Apollo. You may want to talk to Karina Ramirez to get answers to the questions. 1. Complete the ICQ for Apollo. For “yes” answers‚ add a comment stating which department and clerk performs the function. For “no” answers‚ describe the possible “errors” or “frauds”
Premium Invoice Accounts receivable
ENVIRONMENT Defining Environment Is the circumstances or conditions that surround one; surroundings. It is the totality of circumstances surrounding an organism or group of organisms‚ especially: The combination of external physical conditions that affect and influence the growth‚ development‚ and survival of organisms: Is the complex of social and cultural conditions affecting the nature of an individual or community Hence therefore we can classify components of environment as follows;
Premium Agriculture
STRATEGIC MANAGEMENT CHAPTER 2: The General Environment The external environment facing the organization consists of both: a. A general environment‚ often referred to as the macro-environment because changes that occur here will have an effect that transcends firms and specific industries. b. A competitive environment‚ consists of the industry and markets in which an organization competes. In order to scan and monitor their environment‚ firms require tools of analysis that will allow
Premium Strategic management Petroleum Saudi Arabia