All categories

3 years ago

What causes a surplus and how can it be fairly quickly resolved? What are the determinants of inelastic demand?

1 answer:

4 0

1. The cause of a surplus is when quantity that are produced are not equivalent with the demanded quantity and by this, there is likely an effect of the supply or demand to be in excess, creating surplus.

2. It can be quickly resolved if the quantity produced is as equal with demand quantity.

3. The determinants of inelastic demand are the following;

· Categories of product

· Substitutes (few)

· Less time given

· Necessities

You might be interested in

Any person who, for a fee, arranges, conducts, coordinates, handles or causes meetings between a customer and the current owner

viva [34]

Answer: Apartment Sharing Agent

Explanation: An Apartment Sharing Agent is any person who, for a fee, arranges, conducts, coordinates, handles or causes meetings between a customer and the current owner or occupant of legally occupied real property, including apartment housing, who wishes to share that housing with one or more individuals. The agent must be registered with Division of licencing office and must maintain a trust account with a sum of $2,500

3 0

3 years ago

FREE BRAINLEST! WHO WANTS IT

Ket [755]

Answer:

Explanation:MEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

6 0

3 years ago

Read 2 more answers

Imagine a capacity constrained, single resource process with multiple employees working at the single resource. If the number of

77julia77 [94]

Answer:

It will reduce

Explanation:

Imagine a capacity constrained, single resource process with multiple employees working at the single resource. If the number of employees increases then the cycle time for the process will reduce.

Cycle time = Average time between completion of units.

If we take an example of a manufacturing facility, which is producing 1000 units of product per 40 hour week. The average throughput rate is 10 unit per 0.04 hours, which is one unit every 2.4 minutes. Therefore the cycle time is 2.4 minutes on average.

If we increase the number of workers, the circle time will definitely reduce because more workers will finish a particular work in less time

8 0

4 years ago

Which type of rice will remain firm and separate when cooked properly?

Soloha48 [4]

Long-Grained rice. Hope this helps:)

5 0

4 years ago

In Maddie's company, senior officers eat in the same cafeteria as the entry-level workers. On a trip to a different country, she

yKpoI14uk [10]

Answer:

Power distance

Explanation:

"Power distance is a term that describes how people belonging to a specific culture view power relationships - superior/subordinate relationships - between people, including the degree that people not in power accept that power is spread unequally.

Individuals in cultures demonstrating a high power distance are very deferential to figures of authority and generally accept an unequal distribution of power, while individuals in cultures demonstrating a low power distance readily question authority and expect to participate in decisions that affect them. "

Reference: Grimsley, Shown. “Hofstede's Power Distance: Definition & Examples Video.” Study.com, Study.com, 2019

6 0

3 years ago