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
Natasha2012 [34]
3 years ago
11

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? Check all that apply.

__Lorenzo
__Neha
__Sam
__Teresa
__Andrew
Business
1 answer:
RoseWind [281]3 years ago
5 0

Answer:

Sam

Tereza

Andrew could be right, but it depends on the magnitude changes,

Explanation:

Lorenzo is wrong because if supply decreased and the demand was unit elastic, then the equilibrium quantity will fall but the price will increase.  

Neha is also wrong because a perfect inelastic supply is a vertical line parallel to the y-axis, then if this supply decreases (shifts to the left) the equilibrium quantity will decrease but the price will increase.  

Sam is right because a perfectly elastic demand is a horizontal line parallel to the x-axis. and if supply decreases (or increases) the price will remain the same but the equilibrium quantity will decrease ( or if demand increases, it will increase).  

Teresa is also right because a perfect elastic supply looks the same as a perfect elastic demand, then if demand decreases (or increases) price will remain the same and the equilibrium quantity will decrease (or if demand increases, it will increase).  

Andrew could be right but depends on the magnitude change in demand and supply. If both (supply and demand) decrease in the same proportion, the equilibrium quantity will decrease, and the price could remain the same. But, it depends on the magnitude shifts.

You might be interested in
Janelle is a 23-year old woman who is living happily in the united states. she has a relative who recently developed the symptom
lara31 [8.8K]

Schizophrenia is a mental disorder where a person has an abnormal social behavior and does not know what is real. The cause of this is genetic and environmental factors. With this, Janelle has the highest chance of developing schizophrenia if that relative is a first-degree relative. Various genes are known to be involved with the disease with unknown expression and transmission.

<span> </span>

7 0
3 years ago
Arie is a team lead for a group of engineers working on a new product. Arie decides to assign four additional engineers to the p
Vlad1618 [11]

Answer:

B. managerial

Explanation:

When something involves activities of management is called managerial.<em> In the example given this is the nature of the behavior because Arie is organizing and directing the corporation in order to optimize and be efficient.</em>

I hope you find this information useful and interesting! Good luck!

7 0
3 years ago
. Describe 3 trends that you've noticed, and explain how each one might generate a small business opportunity
Sliva [168]

Explanation:

  • Online shopping platform
  • Counselor
  • Food corner

These are the three trends for small scale business which can be changed into the small business opportunities.

Online shopping platform- It can be seen as the need of the present time as everyone is now depended on the online sources through which they can but the stuff they want to without going out.

Counselor - It is one of the most professional business in which a person can just changed the lives of the people with the power of words and ideas. In present time people really look for the person who can help them without passing any judgement.

Food corner- The need of each and every person, food corner is one of the thing which every want to at every street or corner.

4 0
4 years ago
The adjustment to record supplies used during the period would​ be:
Katen [24]
Show choices if so :)
5 0
4 years ago
Describe the best structural configuration for an organization?
tiny-mole [99]

Explanation:

The structural configuration in an organization corresponds to a model that helps in understanding the organizations existing in a company for the development of effective strategies.

In order to establish the configuration, all parts of the organization, design parameters, situational factors and coordination mechanisms must be simulated, so that there is an integrated understanding so that it is possible to establish which strategic management model will be ideal for each type of organization. structural configuration.

There are seven types of organizational configuration:

  1. business organization,
  2. machine organization,
  3. professional organization,
  4. diversified organization,
  5. innovative organization,
  6. missionary organization and
  7. political organization.

There are also the forces associated with the structural configuration, such as: learning, efficiency, direction, proefficiency, responsibility, cooperation and competition.

For a company to develop the best structural configuration, it must be evaluated to identify challenges and impediments of the project, so that it is aligned with the organizational values ​​and objectives, so that the structure is integrated and effective.

4 0
3 years ago
Other questions:
  • How does Wikipedia work? What is different about this operation from other encyclopedias?
    6·2 answers
  • If the consumer price index changes from 125 in september to 150 in october, what is the rate of inflation?.
    11·1 answer
  • Which of the functions of the federal reserve is appropriately matched with its correct​ institution?
    7·1 answer
  • the qualifier value that us ised in the ectracorporeal assistance and performance section to denote mouth to mouth resuscitation
    7·1 answer
  • Jake's parents were able to save $60,000 for his college tuition by the time jake graduated from high school. jake is trying to
    9·1 answer
  • Ohno Company specializes in manufacturing a unique model of bicycle helmet. The model is well accepted by consumers, and the com
    6·1 answer
  • The Southern Corporation manufactures a single product and has the following cost structure: Variable costs per unit: Production
    13·1 answer
  • Sometimes events on Salesforce need to be handled by an external system due to the scale or type of process being executed. Cons
    14·1 answer
  • Your friends' credit scores are 560, 675, 710, 590, and 640. Your credit score is 680. What is the difference between the averag
    13·1 answer
  • Is god real yes or no answer
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!