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Q: The price of cranberry juice suddenly increases. As a result, Glenda begins drinking more grape juice, which is less expensive, but tastes just as good to her. In this case, Glenda’s elastic demand
is due to A. availability of substitutes. B. relative importance. C. necessities versus luxuries. D. change over time
A: The answer is A. availability of substitutes.
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User: The price of cranberry juice suddenly increases. As a result, Glenda begins drinking more grape juice, which is less expensive, but tastes just as good to her. In this case, Glenda’s elastic demand is due to A. availability of substitutes. B. relative importance. C. necessities versus luxuries. D. change over time

Weegy: The answer is A. availability of substitutes.
jher000|Points 7880|

User: Businesses often use information such as age, income level, and occupation to sell products to certain groups of people. What is this type of information called? A. revenues B. complements C. markets D. demographics

Weegy: Age, income level, and occupation to sell products to certain groups of people is called D. demographics
jher000|Points 7880|

User: What is the effect of import restrictions on supply? A. They cause the available supply of goods to drop. B. They cause the available supply of goods to rise. C. They often cause supply to rise steeply and then drop. D. They usually do not have any lasting effect on supply.

Weegy: B- they cause the availability of the goods to drop, as the import restriction, such as a quota, restricts the amount of supply at "x" quantity. [ If the supply prior to the import restriction is at a greater amount then "x" then supply falls to meet the boundary. ]
sweetypie1431|Points 261|

User: Which of the following actions by the government constitutes a subsidy? A. a price floor on wages B. a payment to farmers for not cultivating land C. an excise tax on cigarettes D. a requirement to use lead-free fuel

Weegy: actions by the government constitutes a subsidy is B. a payment to farmers for not cultivating
Princess Mel|Points 300|

User: Which is a fixed cost? A. rent B. labor C. raw materials D. heating fuel

Weegy: A. Rent. A fixed cost is A cost that does not vary depending on production or sales levels, such as rent, property tax.
mirajane|Points 156|

User: If a seller expects the price of a good to rise in the future, the seller will A. place these goods on the market immediately. B. increase production of the good. C. store these goods until the price goes up. D. increase the price of the good now.

Weegy: B) increase production of the goods
Expert answered|innersource|Points 6879|



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Asked 11/29/2012 1:50:21 PM
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