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When a customer's need for a product is not urgent (and the purchase can wait), demand is said to be _______________. Select one: a. elastic b. inelastic c. unit elastic d. complementary
When a customer's need for a product is not urgent (and the purchase can wait), demand is said to be elastic.
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Asked 3/20/2013 10:24:20 PM
Updated 2/24/2016 5:13:43 PM
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When a customer's need for a product is not urgent (and the purchase can wait), demand is said to be elastic.
Added 2/24/2016 5:13:43 PM
This answer has been confirmed as correct and helpful.
Confirmed by Andrew. [2/24/2016 5:40:33 PM]
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Rent payments and property taxes are examples of ____________. Select one: a. marginal costs b. variable costs c. fixed costs d. total cost
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Updated 3/26/2017 1:42:03 PM
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Rent payments and property taxes are examples of fixed costs.
Added 3/26/2017 1:20:53 PM
This answer has been confirmed as correct and helpful.
Confirmed by yumdrea [3/26/2017 1:41:55 PM]
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