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yanalaym [24]
2 years ago
10

The main determinant of elasticity of supply is the Multiple Choice number of uses for the product. number of close substitutes

for the product available to consumers. amount of time the producer has to adjust inputs in response to a price change. urgency of consumer wants for the product.
Business
1 answer:
Fed [463]2 years ago
8 0

The main determinant of the Elasticity of Supply is the availability of close substitutes.

The Elasticity of Supply means the relationship between a commodity and its price. It measures how the company increases or decreases its production based on its change in price.

The major determinant of the Elasticity of Supply is:

1. Nature of the Goods - It takes into account the factor of production, which can easily get transferred.

2. The definition of the commodity-  The narrower the definition the greater the supply of elasticity.

3. Time- It works more in long run than in the short run.

4. Cost of attracting goods- If the related goods are cheaply available, the elasticity of supply is more.

5. Level of Price- It is inversely proportional to the elasticity of supply.

Learn more about Elasticity of Supply here: https://brainly.in/question/6581899?msp_srt_exp=6

#SPJ4

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Answer:

Explanation:

^^my brother has rocket league

3 0
3 years ago
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Clorox sells five major product lines including cleaning, household, lifestyle, professional, and international. Together the pr
Ymorist [56]

Answer: (B) Product mix        

Explanation:

The product mix is one of the important element of the marketing mix as it offers a various types of product ranges in the market and when the company offers a large number of the product line availability in the market for the consumers the  this is known as the product mix.

The product mix is one of the important element for all the companies as it provide the complete image of the products and the brand of the specific organization in the market and it also helps in maintaining the consistency.    

 According to the given question, the Clorox sells the one of the 5 important product lines on the basis of the specific product mix dimensions as it s one of the important concept in the business model.

Therefore, Option (B) is correct answer.  

7 0
3 years ago
ThingOne Company has the following information available for the past year. They use machine hours to allocate overhead. Actual
frozen [14]

Answer:

the variable overhead efficiency variance is $1,840 unfavorable

Explanation:

The computation of the variable overhead efficiency variance is shown below:

= Standard variable overhead rate × (standard hours - actual hours)

= $4.60 × (10,600 - 11,000)

= $1,840 unfavorable

Hence, the variable overhead efficiency variance is $1,840 unfavorable

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7 0
3 years ago
The united states imposes a tariff on electronics imported from china. Which would be a result?
balu736 [363]

Americans purchase more domestically produced electronics.

China has ceased all product marketing to Americans. Chinese gadgets are becoming more affordable. Consumer demand for domestically produced electronics in the US rises as a result of the electronics trade with China.

An economic idea known as demand theory explains the connection between customer demand for products and services and market prices.

Demand is the quantity of an item or service that customers are willing and able to purchase at a specific price in a specific time frame.

Demand theory explains how alterations in customer demand for an item or service have an impact on its market price.

To learn more about tariffs on electronics

brainly.com/question/2496845

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7 0
2 years ago
An example of the ___________ effect is when bmw gained in-depth information about visitors to a popular chinese social media si
vova2212 [387]

An example of the information effect is when bmw gained in-depth information about visitors to a popular chinese social media site, and used that information to determine which visitors were likely to be luxury car buyers and targeted advertising toward them.

The information effect can change a persons perception or idea in a good or bad way depending on the information that is shared with them. They are able to tailor information to their audience and can build up or tear down expectations depending on their overall goal of the advertisements. A good advertiser knows their audience and tailors advertisements to fit their wants and needs.

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3 years ago
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