Why do consumers sometimes take a while to respond to price changes? -Consumers cannot find acceptable substitutes immediately. -Demand sometimes becomes less elastic over time. -Price changes do not affect consumers. -Consumers need time to decide whether the good is a luxury or a necessity.

Answers

Answer 1

Answer:

Consumers cannot find acceptable substitutes immediately

Explanation:

Consumers need time to find a substitute that meets all the needs/wants and is provided at a lower cost


Related Questions

Discuss the structure of county government and explain the problems that result from it, and suggest possible remedies

Answers

Answer:

National Association of Counties Research Foundation  which is supplementary to the efforts of the local governments in the treatment, of mutual problem areas, and can encourage jurisdictions to effect a mutually  The term special district means an agency of government which operates outside the regular structure of

To save me the time, I agree with what he said.. lol.. feel free to ask me questions

1. Globalization is partly the result of a process called diffusion.

(a) Identify and discuss TWO different types of diffusion.
(b) Describe how diffusion plays a role in the process of globalization.
(c) Identify a remote location of the Earth. Explain how changing levels of interconnectedness –through the processes of diffusion and globalization – are influencing that place.

Answers

Answer:

(a) (1) Relocation diffusion

(2) Expansion diffusion

(b) By transferring ideas, factors, and information from place to place

(c) Upgraded medical care in Tristan da Cunha

Explanation:

Diffusion or spatial diffusion in geography is the movement or proliferation of ideas, technology, cultures, people, objects, weather, diseases or other components from a place of origin to other places

The types of diffusion defined above are;

(1) Relocation diffusion

(2) Expansion diffusion

(3) Stimulus diffusion

(1) Relocation diffusion is the change of an objects position from one place to another, such as human migration

(2) Expansion diffusion

There are two types of expansion diffusion

(i) Contagious expansion diffusion involves the transmission of the factor being diffused from one person (the vector) to another person (the host)

Examples of contagious expansion includes

The spread of diseases from a place of origin to different placesViral videos, news in social mediaReligions

(ii) Hierarchical diffusion involves the spread of information from the topmost levels of an organisation down to the a wider group of hosts

(b) Globalization, is the proliferation or spread of a technology, an idea or other factors from their place of origin to other places such that the components of a single product such as a cassette recorder which consists of plastics from China, copper from Zambia, semiconductors from the United States etc. can be from different parts of the world which is a form of spatial diffusion

(c) In Tristan da Cunha, globalization, through the availability of the internet, has made it possible for a doctor to access tele-medical help and to share ideas and consult with doctors in other hospitals with more medical advanced technologies in order to treat more complicated ailments.

The graph shows the history of human population growth.
Growth of Human Population over History
Populations in billions
10,000
8000
4000
2000
6000
BCE
0
2000
CE
Which statement best describes the growth of the human population?

Answers

The answer would be “C” because the graph represents an exponential curve. Please mark as Brainliest answer!!

The statement that best describes the growth of the human population is option c.

What is an exponential curve?

An exponential function is known to be a function that often takes the form of y=bx y = b x

Where:

b serves as a positive number. And if b>1 the function is said to be in growth known as exponential growth.

Conclusively, From the graph, we can see that the values are growing exponentially.

Learn more about  exponential curve from

https://brainly.com/question/1269112

Africa’s largest lake is Lake __________.

Answers

Africa’s largest lake is
Lake Victoria
Hope this helps
Africa’s largest lake is Lake victoria
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