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
Ainat [17]
3 years ago
15

The quantity of coffee sold fell sharply last month, while the price remained the same. Five people suggest various explanations

:Lorenzo: Supply decreased, but demand was unit elastic.Neha: Supply decreased, but it was perfectly inelastic.Sam: Supply decreased, but demand was perfectly elastic.Teresa: Demand decreased, but supply was perfectly elastic.Andrew: Demand decreased, but supply decreased at the same time.Who could possibly be right? A) LorenzoB) NehaC) SamD) TeresaE) Andrew

Business
1 answer:
ra1l [238]3 years ago
7 0

Answer:

Sam: Supply decreased, but demand was perfectly elastic.

Explanation:

Sam is right because the only possible explanation is that the demand is perfectly elastic and the supply decreased. When the price elasticity of demand is perfectly elastic, the demand curve is completely horizontal. Since the price of coffee remained the same, that means that the quantity demanded will decrease only if the supply of coffee decreased.

You might be interested in
Who is responsible for the financial consequences of a minor's driving?
Fofino [41]

Answer: b. the minor's parents or guardians are responsible

The minor's parents or guardians are responsible for the financial consequences of a minor's driving, whether the minor has a license or not. It is a law under a legal concept called "vicarious liability" imposed in most states in the U.S


4 0
3 years ago
Assume Ford Motors expects a new hybrid-engine project to produce incremental cash flows of $50 million each year, and expects t
photoshop1234 [79]

Answer:

A) $560 million

Explanation:

First lets calculate the NPV of the cash stream by this investment,

PV Cash stream = Cash flow/ (r-g), where r = avg cost of capital and g = growth of the cash stream.

PV = 50 / (0.09 - 0.04)  = $1000 million

We assume that external finance issuance costs are payable as a part of initial outlay of the project and so,

Total initial outlay = 420 + 20 = $440 million

NPV of the project then,

NPV = 1000 - 440 = $560 million

Hope that helps.

8 0
3 years ago
When is it not necessary to build a new market supply schedule?
ss7ja [257]
<span>It is not necessary to build a new market supply schedule </span><span>when there is a change in the price of a good
</span>
5 0
3 years ago
Read 2 more answers
Which 3 types of customer statements can QuickBooks Online generate?
Phantasy [73]

Answer:

beg8ner ine expert one explorer ine is types of it

8 0
2 years ago
The area of a patio is 5 5/8 square yards and its length is 1 1/2 yards. What is the patios width in yards?
Angelina_Jolie [31]
The formula to find the area of a rectangle is
Area=length*width
( area equals length times width)

So you substitute the values in the problem into the equation above.
5 5/8=1 1/2* w

Then you can solve the equation by dividing the 5 5/8 by the 1 1/2, cancelling out 1 1/2 and leaving the w by itself on one half of the equal sign
You are left with
3 3/4 = w

The width of the patio in yards is 3 3/4.
(Just ask if you have more questions or I didn't explain something clearly)
8 0
3 years ago
Read 2 more answers
Other questions:
  • The cincinnati history museum displays materials and related aspects of the history of cincinnati and the surrounding region. th
    13·1 answer
  • Dave facilitated a hiring committee for his advertising company. Six employees (including two managers) met together to discuss
    12·1 answer
  • The Supplies Expense account was debited $1,240 by the Sanford Company for office supplies purchased during the first year of op
    5·1 answer
  • Employees at Fratelli Inc. are encouraged to participate in decision making. Organizational control is based on group norms and
    7·1 answer
  • Hou Company applies factory overhead to its production departments on the basis of 90% of direct labor costs. In the Assembly De
    11·1 answer
  • Suppose you work for a large coffee distributor that has a secret coffee blend it sells to local stores. You mix the Kenya blend
    11·1 answer
  • Financial Institutions are described as having an asset transformation function. Explain this function and describe how a bank t
    6·1 answer
  • The following information is available from the current period financial statements: Net income $150,000 Depreciation expense 28
    6·1 answer
  • Which of the following points represents efficiency?
    14·1 answer
  • A cost that would be included in product costs under both absorption costing and variable costing is:____.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!