148. The cost of 1 kg. off tea is actually ? 29. If your cost of coffee goes up regarding ? twenty-five to ? thirty-five each kg, the total amount required away from beverage increases regarding 5 kg. to eight kg. The fresh new get across price elastic of tea was ________. (a) 1 (b) 0.5 (c) 1.5 (d) 0 Address: (c) 1.5
149. Brand new Mix flexibility is – 1.dos. It represents that the commodities is: ________ in the wild. (a) Complementary (b) Replaced (c) Substandard (d) Giffen Respond to: (a) Complementary
150. Advertising flexibility out-of sales otherwise promotion suppleness out of demand is the receptive of a good recommended so you’re able to changes in ________. (a) Price of Commodity (b) Each Unit offer finances (c) Providers shelling out for advertising (d) Providers paying for distribution. Moreno Valley escort reviews Answer: (c) Firms paying for advertising
151. Thus, always advertising flexibility from request is typically ________. (a) Self-confident (b) Unitary (c) Bad (d) No Respond to: (a) Confident