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xeze [42]
3 years ago
7

As the prices in markets change, buyers and sellers respond in different ways according to how much time they have to react. Mat

ch the time period to its correct description.
(1) short run
(2) immediate run
(3) long run

(A) Demand is somewhat elastic. Buyers have some time to adjust to a change in the market.
(B) Buyers have no time to adjust to a change in the market. Demand is inelastic.
(C) Buyers have a significant amount of time to adjust to a change in the market. Demand is elastic.
Business
1 answer:
mel-nik [20]3 years ago
7 0

Answer:

(1) Short run - (A)

(2) Immediate run - (B)

(3) Long run - (C)

In a short run, all the changes occur in an economy are for shorter time period and buyers have little time to respond to these changes. Hence, the demand curve is elastic in nature.

In an immediate run, there will be no time for the consumers to respond to the changes occur in an economy. Suppose there is an increase in the prices of the goods, as a result there will no changes occur in the quantity demanded. Hence, the demand curve is inelastic, means that there is no effect on quantity demanded.

In a long run, there is enough or more than enough time for the consumers to respond to the changes. Hence, the demand curve is elastic in nature.

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Answer:

D. turnover

Explanation:

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Voluntary turnover arises when an employee chooses to leave an organization on their own accord. The worker resigns or quits from his job. Various reasons, such as better job opportunities elsewhere, Job dissatisfaction, workplace conflicts, disengagement, and many others, may result in employees leaving an organization.

8 0
3 years ago
Which of the following colors is highly variable and can be either cool or slightly warm, depending on how it is used?
Phoenix [80]

Explanation:

Dark blue with dark red

3 0
2 years ago
What challenges do you see for a company that wants to implement collaborative SCM systems? How would you meet such challenges?
OverLord2011 [107]
This would help you a lot :) have fun

3 0
3 years ago
Which of the following is an external driver of change? A. talent shortages B. budget changes C. top management D. deregulation
matrenka [14]

answer.

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3 0
3 years ago
Mike worked for Frank's Pizza as a driver and was an agent. His duties consisted of making deliveries along a designated route.
Harrizon [31]

Answer:

B. is not liable because Mike was on a frolic of his own.

Explanation:

Mike who is a dispatch rider, decided to see his girlfriend, Jackie, who lived 50 miles off his pizza route. He had an accident while driving to his girlfriend's, and injured a pedestrian, Chuck due to his negligent driving.

Under the circumstances, Frank's Pizza isn't liable because Mike was on a frolic of his own. Mike embarking on a 50 mile drive to see his girlfriend is frolicsome and outside the scope of his employment as a delivery agent.

Hence, this will absolve his employer from any liability as he wasn't working on the designated route at the time.

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