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1 year ago

An increase in the supply of grain will reduce the total revenue grain producers receive if.

1 answer:

7 0

If the<u> demand curve is inelastic</u>, a rise in the supply of grain will result in a decrease in the overall income received by grain producers.

The ability of firms to enter and exit a market over time means that, in the long run, the supply curve is more elastic.

Two basic economic concepts are combined in the law of supply and demand to explain how shifts in the price of a resource, good, or service affect its supply and demand. As the price rises, supply increases while demand decreases. On the other hand, as the price falls, demand increases and supply becomes more limited.

The degree to which changes in price translate into changes in demand and supply is known as the product's price elasticity.

Basic consumer demand is comparatively inelastic, or less responsive to price changes.

Discover the long-term impact of population growth on supply and demand: brainly.com/question/13353440

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Consider the following cash flows on two mutually exclusive projects: YearProject AProject B0 –$61,000 –$76,000 1 41,000 40,000

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Answer:

Following is given the solution for the question.

I hope it will help you a lot!

Explanation:

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2 years ago

Which of the following statements concerning general ledger accounts is true? The general ledger accounts are the only source of

umka2103 [35]

Answer: The general ledger accounts do not provide the accounting information that managers of job order cost operations need to plan and control production activities.

Explanation:

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2 years ago

A subtle form of racial discrimination in housing is "racial steering." racial steering occurs when real estate agents show pros

anzhelika [568]

The table represented below is how the people were divided in the household.

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2 years ago

You need to earn 6% annul real rate of return and, in addition, you need to keep up with the annual inflation rate. Exactly 4 ye

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Answer:

"4,000" is the appropriate option.

Explanation:

Given:

Real interest rate,

= 6%

Inflation rate,

= 2%

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= $20,000

Now,

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= $Real \ interest \ rate+Inflation \ rate$

= $6+2$

= $8$ (%)

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= $20000\times 0.6$

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= $5$ (%)

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= $\frac{1200}{0.05}$

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Thus the above is the appropriate answer.

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2 years ago

Joe takes a dollar from the cash register every day and does not tell anyone about it. Sara’s cash register is $2 short because

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2 years ago

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