1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Sedbober [7]
2 years ago
11

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

brainly.com/question/5078326

#SPJ4

<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.

You might be interested in
Giving consumers product brochures to take home with them helps with ________, since many of them will not remember the details
Phoenix [80]

It should be noted that Giving consumers product brochures to take home with them helps with selective retention.

This will help them to be able to remember the details they heard about in the store and make decisions.

<h3>What is selective retention,?</h3>

selective retention to the customer will give them the chance to make decisions on the product.

Learn more about selective retention, at;

brainly.com/question/9261004

3 0
2 years ago
_____ determine what sales volume must be reached before the company's total revenue equals total costs and no profits are earne
Rainbow [258]
Break even analysis determines <span>what sales volume must be reached before the company's total revenue equals total costs and no profits are earned. It is the calculation of the point at which total revenue equals total cost. Break even analysis is helpful in letting businessmen know when their business will turn a profit so the prices of their goods or the amount of goods sold can be adjusted accordingly.</span>
3 0
2 years ago
Country A has great expertise in the production of planes and produces a large quantity of planes while country B has expertise
Shkiper50 [21]

Answer:

B

Explanation:

A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries.

A company has absolute advantage in the production of a good or service if it produces more quantity of a good when compared to other countries

Allocative efficiency occurs in efficient markets when goods, services or capital are distributed in a way that is efficient to all the parties involved.

When countries trade in the goods for which they have a comparative advantage in its production, all the parties in the trade gains

3 0
3 years ago
According to the market theory of wage determination, under what circumstances will wages for a particular group be highest?
Dmitry_Shevchenko [17]

Answer:

When there is now demand for this type of labor

Explanation:

Hope this helps :))

4 0
3 years ago
Read 2 more answers
Mauro Products distributes a single product, a woven basket whose selling price is $12 per unit and whose variable expense is $1
brilliants [131]

Answer:

  1. 1200 BEPunits
  2. $14,400 BEP dollars
  3. second scenario
  •      1200 BEPunits
  • $14,400 BEP dollars

Explanation:

\frac{Fixed Cost}{contribution margin}  = BEPunits

contribution margin = Sales - Variable Cost

12 - 10 = 2 contribution margin

fixed expenses = 2,400

BEP = 2,400/2 = 1,200 units

<u>Resuming: </u>each unit contributes with $2 dollars therefore it needs to sale  1,200 untis to pay the fixed cost.

units x sales price = sales revenue

1,200 x 12 =  14,400 BEP in Dollars

Also it is posible to get this by using contribution margin ratio

in the BEP formula:

\frac{Fixed Cost}{Contribution Margin Ratio} = BEPdollars

contribution margin/sales price = 2/12 = 1/6

fixed cost /contribution margin ratio = 2,400/(1/6) = 14,400

Scenario were fixed cost increase:

increase in fixed/contribution margin + previous BEP = BEPunits

increase in fixed/contribution margin ratio + previous BEP = BEPdollars

600 fixed cost /contribution margin = 600/2 = 300 more units to our prevous 1,200 total of 1,500

600 fixed cost /contribution margin ratio = 600/(1/6) = $3,600 more sales revenue to our prevous 14,400 total of 18,000

3 0
2 years ago
Other questions:
  • On March 1, 2017, Carla Vista Co. acquired real estate, on which it planned to construct a small office building, by paying $84,
    13·1 answer
  • What is a way to protect your social security number and other sensitive information from identity theft?
    6·2 answers
  • Elle Inc. is a firm that holds frequent reviews and feedback sessions for its employees. It demands that the same person should
    11·1 answer
  • When a firm is experiencing economies of scale, long-run a. average total cost is minimized. b. average total cost is greater th
    15·1 answer
  • "Health care is so special that price will never matter. People will either buy what medical care they need, or else they will j
    15·1 answer
  • Suppose that Rihanna sells​ 1,000 tickets to a concerts at​ $480 each. If the equilibrium price is​ $600 per ticket for a fixed
    8·1 answer
  • A government annually collects $320 billion in tax revenue and allocates $80 billion to education spending. What percentage of t
    10·1 answer
  • On July 31, 2017, Crane Company had a cash balance per books of $6, 245.00. The statement from Dakota State Bank on that date sh
    15·1 answer
  • What are the essential elements for a commodity to be rich in economics.​
    6·1 answer
  • Describe four principles or organizations brought about by the Bretton Woods Agreement that remain important to international bu
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!