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2 years ago

If the quantity supplied by producers is relatively insensitive to price changes, supply is ______. Multiple choice question.

Business

1 answer:

luda_lava [24]2 years ago

7 0

If the quantity supplied by producers is relatively insensitive to price changes, supply is price inelastic.

Inelastic demand is demand for which the change in quantity demanded is small due to changes in price. Demand is elastic if the formula yields an absolute value greater than 1. In other words, quantity changes faster than price. If the value is less than 1, demand is inelastic.

For example, consumers are less price relatively insensitive if the product or service is unique or has few alternatives. Consumers are less price sensitive when total costs are low relative to total revenues. The total effort compared to the total cost of the final product also influences price sensitivity.

Learn more about price inelastic at

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<em>Your question is incomplete. please read below to find the full content.</em>

If the quantity supplied by producers is relatively insensitive to price changes, supply is ______. Multiple choice question.

price inelastic.

quantity demanded.

relative price increase.

change in price.

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Answer:

Critical path = A-D-F-H

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Explanation:

Given:

Activity A B C D E F G H

Time 5 3 7 6 7 3 10 8

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Solution:

The possible paths are as follows,

A-C-H = 5+7+8 =20

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A-D-G = 5+6+10 = 21

B-E-G = 3+7+10 = 20

B-E-F-H = 3+7+3+8 = 21

Critical is the path with the longest duration

Critical path =A-D-F-H

The duration is 22

The duration to complete the project is as follows,

Duration = Length of critical path = 22

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3 years ago

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3 years ago

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