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ArbitrLikvidat [17]
3 years ago
8

Supply and Demand: Tutorial

Business
1 answer:
Ilia_Sergeevich [38]3 years ago
3 0

Answer:

see below

Explanation:

There exists a direct relationship between the price of a commodity and the quantity supplied. Producers find it more profitable to increase supplier when the prices are high. As businesses are motivated by profits, high prices are likely to generate more profits. High prices are a motivation to supply large quantities.

If the price of necklaces goes up, Rachel will supply more to the markets. She will take advantage of the high prices to sell more and make bigger profits. Low prices lead to reduced profits or even losses. At low prices, Rachael will supply a few necklaces in the market.

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If the demand for air travel were to change so that business travelers and vacationers have thesame price elasticity of demand f
nata0808 [166]

Answer:

Answer is option A, i.e. airlines would charge the same price  to each type of flyer.

Explanation:

The elasticity of demand for air tickets by vacationers is generally found higher than that of business travelers. the reason behind this is that there is an ample amount of options as well as time in the hands of vacationers and which is not the case with the business travelers. Business travelers do not opt for other modes of transport other than the airway as this saves their time. Therefore, when one requires to create the same elasticity of demand for both types of flyers, then the prices for all of them should be kept the same.

4 0
4 years ago
The requirement that certain professionals possess a license in order to work in a particular market has the effect of reducing
Nimfa-mama [501]

Answer:

C

Explanation:

The correct option is  C :price to increase and the profits of firms in the market to decrease

This can be explained by the fact that, since it always been mandatory to possess a license in order to work in a particular market. This certainly  reduces the competition in the market and thus, the prices would increase; therefore, as the firms have to pay for licence thus would reduce the profits of firm.

8 0
3 years ago
Sara conducted a study in her sixth grade classroom. The study focused on students' interests in science classes. Sara shared wh
AnnyKZ [126]

Answer:

No  

Explanation:

When we do research, it is important to keep confidentiality regarding the personal data from the persons we interview. In other words, we are not supposed to tell other people "who said what" or to publish our results with the names of the people (if we're publishing a paper).

In this case, Sara conducted a study in her sixth grade classroom about interests in science classes, later she shared what individual students said with the seventh-grade teachers. Therefore, she shared confidential information when she told the teacher what individual students said. Therefore, Sara wasn't sharing this information in accordance with ethical research practices.

7 0
3 years ago
Which two factors directly affect the price of a stock?
Rama09 [41]
Investor demand for the Stock and Coumpound interest
6 0
3 years ago
Read 2 more answers
Jane has a 30% interest in a cash-basis general partnership. Her adjusted basis in the partnership was $50,000 at the beginning
yulyashka [42]

Answer:

30000

Explanation:

because I was a people that wice

3 0
3 years ago
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