If price changes have little effect on the quality of a product demanded, the product is said to....?

have_____demand.


a. static


b. market


c. inelastic


d. elastic





which term means that stockholders are not responsible for the debts of the corporation?


a. unlimited liability


b. double taxation


c. limited liability


d. sole proprietorship

If price changes have little effect on the quality of a product demanded, the product is said to....?
inelastic...[a tip to understand it better...try to understand the meaning of elasticity itself]





Limited liability [if stockholders are NOT responsible...then obviously they gotta have LIMITED liability (what they owe) ]
Reply:C and C. To help with the first one and understand price elasticity better: elastic things change when messed with. You can stretch out track pants, you can pull a rubber band really far, you can stretch a piece of chewing gum out of your mouth. All elastic things. Try stretching a tic-tac or a piece of rope. They don't budge when they're being messed with, inelastic. Now with PRICE elasticity: try raising or dropping the price of a heart for someone who needs a transplant. Will their demand change if you made the heart cost a little more? What about a little less? Their demand won't budge just like the tic-tac and the rope. The demand for the heart would be inelastic (possibly perfectly inelastic but that's another story).
Reply:quantity not quality





1. c





2. c i think
Reply:question 1. ...... effect on the QUANTITY demanded.


A:inelastic





2. limited liability.

garden