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
Eva8 [605]
2 years ago
4

When the demand for a good is inelastic What will be the result of a fall in supply?

Business
1 answer:
elena55 [62]2 years ago
6 0

The demand for an inelastic good does not grow if the price is decreased, hence there is no increase in revenue as a result of the lower price and unchanged demand.

This would suggest that the company shouldn't lower the price of its items because doing so would not be advantageous. Increased Total Revenue: On the other hand, if the cost of an inelastic good rises and demand remains constant, the overall revenue rises as a result of the higher cost and constant level of demand. Price increases do, however, often result in a modest decline in quantity sought. This implies that businesses that offer inelastic products or services can raise prices, selling a little less but generating more income. Therefore, companies that sell items with fixed prices are better positioned to maximise profits and to withstand economic downturns.

learn more about inelastic here:

brainly.com/question/28192591

#SPJ4

You might be interested in
Hellppp ASAP please I need help with business I have another question to
GrogVix [38]

Answer:

Well what are the options

5 0
3 years ago
How is an investment bank different from a commercial bank?
Fed [463]

Answer:

the answer is A. An investment bank is a non-depository institution; a commercial  bank takes customer's deposits.

Explanation:

An investment bank is catering specially to the business and institutional requirements while a commercial bank tends to support the requirements of general public and private businesses.

3 0
3 years ago
When preparing a formal business presentation, the phase that can make or break your report is the _______ phase.
Luda [366]
The right answer for the question that is being asked and shown above is that: "d. organization." When preparing a formal business presentation, the phase that can make or break your report is the organization phase.
8 0
3 years ago
Read 2 more answers
You made an investment of $16,500 into an account that paid you an annual interest rate of 2.8 percent for the first 7 years and
iragen [17]

Answer:

0.05712790 or 5.71%

Explanation:

Annual rate of return = [(1+ r1)^n1 x (1 + r2)^n2]^[1/(n1 + n2)] - 1

n1 is the time period in which annual interest rate =2.8%

n2 is the time period in which annual interest rate =7.2%

So, n1 = 7 years and n2 = 14 years

= [(1+2.8%)^7 x (1+7.2%)^14]^[1/(7 + 14)] - 1

= (1.21325420 x 2.64683577) ^ 1 / 21 - 1

= 1.05712790 - 1

= 0.05712790 or 5.71%

4 0
3 years ago
An operation's Beginning Inventory for an accounting period equaled $15,000. Ending Inventory for the period equaled $14,000, Pu
kherson [118]

Answer:

$1,500

Explanation:

Data provided:

operation's Beginning Inventory = $15,000

Purchases = $21,500

Ending Inventory for the period = $14,000

Total Cost of Sales = $21,000

Now,

The amount of this operation's Employee Meals in the period

= Beginning Inventory + Purchases - Ending Inventory - Total Cost of Sales

= $15,000 + $21,500 - $14,000 - $21,000

= $1,500

3 0
3 years ago
Other questions:
  • Some of the money that people deposit into a bank eventually becomes an injection into the economy when the bank:
    11·2 answers
  • As a business person planning to open a new small business, you know that the business plan should not contain
    13·1 answer
  • What is 32 divided by 5 written as a mixed number
    14·2 answers
  • Which of the following should be deducted from net income in calculating net cash flow from operating activities using the indir
    6·1 answer
  • Case Study: Capitalization versus Expensing
    11·1 answer
  • Notion of sustainable work practise<br>​
    6·1 answer
  • How will taxation influence the circular flow model
    9·1 answer
  • On December 1, Victoria Company signed a 90-day, 8% note payable, with a face value of $16,200. What amount of interest expense
    10·1 answer
  • what is the name of the contract where corporations, institutional investors, and individuals are required to pay or to receive
    15·1 answer
  • Consider an espresso stand with a single barista. Customers arrive to the stand at the rate of 28 per hour according to a Poisso
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!