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Vedmedyk [2.9K]
3 years ago
12

Many new restaurants have opened in Collegetown in recent years. Given this change in supply, what type of demand would result i

n a larger drop in prices for restaurant meals?
Business
2 answers:
Karolina [17]3 years ago
8 0

The answer is : Elastic Demand. The elasticity of demand shows the responsiveness of the quantity demanded to the change in price. An elastic demand means that the demand is affected by changes in price. While an inelastic demand means that the supply is not affected by changes in price at all.

Alexeev081 [22]3 years ago
8 0

Answer: Elastic supply

Explanation: since many new restaurants have opened in College town in recent years, this will have a direct impact on supply. Elastic type of demand would result in a larger drop in prices for restaurant meals this is because in elastic demand when the price changes by a small ratio the quantity demanded changes by a larger ratio. Hence when there will be a large number of restaurants, they will engage in price competition.  


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Employee involvement and participation (eip) management is a method of management where ________.
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Which of the following is a source that businesses use to develop standards:
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Answer:

Suppliers

Explanation:

Suppliers are the main factor to achieve quality standards and to develop standards which lead to competitive advantage in the market. Business use suppliers to develop standards by hiring the best suppliers who give quality input or raw material. It’s all about making sure that your supplier is meeting the required standards and making sure they company with all the relevant laws.

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Suppose that an American-made pair of blue jeans has a price of $80. If the exchange rate is $0.095 = 1 peso, then a Mexican con
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The correct answer is 842.1 Pesos and 941.18 Pesos.

Explanation:

According to the scenario, the given data are as follows:

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= 842.1 Pesos

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True

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Answer: A.) $32.64 per machine hour

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Estimated total variable manufacturing overhead:

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Total Estimated manufacturing overhead :

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Hence,

Predetermined overhead rate :

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