Elastic demand means that consumers are sensitive to price and that increased prices can lead to lower sales. There isn't enough information to fully answer this question. We don't know how elastic the demand is. If the demand is only slightly elastic, the increased price and lower demand could still equal higher profits.
Answer:
B) in the short run, an unexpected change in the price of an important resource can change the cost to firms.
Explanation:
The short run aggregate supply (SRAS) curve is upward sloping because as the price of goods and services increases, the quantity supplied will increase. In the short run, wages are more sticky than prices, and businesses can adjust prices more rapidly than employees can get a raise. This will result in businesses increasing their profit margins as the general level of prices increases, therefore the SRAS curve will be upward sloping.
An unexpected change in the price of a key input will shift the entire SRAS curve either to the right (price of key input decreases) or to the left (price of key input increases).
Calculate total variable cost by multiplying the cost to make one unit of your product by the number of products you've developed. For example, if it costs $60 to make one unit of your product, and you've made 20 units, your total variable cost is $60 x 20, or $1,200.
Hope this helps have a great day :)
An order comes in for two bean burritos and one crunchy taco the starter starts grilling the tortilla. Assembling is the best move. This is further explained below.
<h3>What is Assembling?</h3>
Generally, to assemble in one area for a shared objective.
In conclusion, The starter begins grilling the tortilla as an order comes in for two bean burritos and one crispy taco. It's smartest to band together.
Read more about Assembling
brainly.com/question/2141645
#SPJ9
With respect to binding Frakking Mining to contracts, Emery is: B. an agent and has the authority.
<h3>What is contract?</h3>
A contract can be defined as an agreement between two or more parties in which the parties involve tend to agreed to the terms and condition of the contract.
Hence, if Emery serves in a representative capacity for Frakking's Mining Corporation owners with regards to binding Frakking Mining to contracts, Emery is will be an agent and tend to have the authority.
Therefore the correct option is B.
Learn more about contract here:brainly.com/question/984979
#SPJ1
